Sentences with phrase «interest over a fixed term»

A certificate of deposit (CD) is a type of time deposit which pays interest over a fixed term lasting anywhere from 1 month to 10 years.

Not exact matches

Term loans are a lump sum of cash you pay back, plus interest, over a fixed period of time.

Unlike a fixed - rate mortgage loan, which carries the same interest rate for the entire repayment term, an adjustable / ARM loan has a rate that changes over time.

As the name suggests, a fixed - rate mortgage is when the interest rate stays the same over the life or «term» of the loan.

This makes it very different from a fixed mortgage, which instead carries the same rate of interest over the entire term or «life» of the loan.

Then you'll get fixed payments over the term of the loan equal to the interest rate offered.

That is the idea behind a bond ladder: Basically each year you buy one set of long - term bonds with a fixed high paying interest rate and then stagger them over a long period of time.

A home equity loan gives you a one - time lump sum in exchange for a note with a fixed interest rate that must be paid off over a set term.

Since we do not expect RBI to cut interest rates, in this scenario, returns from liquid funds might improve over the last year and it could become a better surrogate to fixed deposits for short term savers.

They get home loans with great interest rates, low fees and predictable, fixed monthly payments, and they make a budget ahead of time and think about their long - term plans so they don't get in over their heads.

Specifically, on a $ 300,000 fixed mortgage with a 4.5 % interest rate, you'd pay more than $ 100,000 more in interest costs over a 30 - year term with a mortgage that was 2 % higher than another.

It does not publish information about its term lengths or interest rates online, but the fact that it offers fixed - rate loans is also a plus since the rate will never go up over the life of your loan.

Fixed rate loans charge a fixed rate of interest over the term of the Fixed rate loans charge a fixed rate of interest over the term of the fixed rate of interest over the term of the loan.

This effectively means that federal loans are bought out, but the repayments are over a longer period of time (perhaps 30 years) and at a fixed interest rate to ensure the process of clearing college debts involves the lowest possible monthly repayments - in some cases 50 % lower than initial terms.

The term of a 30 year fixed rate mortgage is long and consequently you pay more interest over the life of the loan.

A home equity loan lets you borrow a lump sum and pay it back over a fixed term at a fixed interest rate (like a mortgage or car loan).

If you're a homeowner, you might be able to borrow money for educational expenses quickly if you can take out a home equity loan, which you can pay back over a fixed term at a fixed interest rate.

Equipment loans provide for periodic payments that include interest and principal over a fixed term.

If he chooses the regular 3 year fixed rate mortgage he would pay about $ 22,000 in interest (over the 3 year term).

The borrower receives a lump sum from the lender upfront, with an agreement to pay back the borrowed money over a fixed term at a fixed interest rate.

The terms of the contract are fixed at the time the lender enters into the agreement and (at their most basic level) include a fixed rate of interest that the borrower will pay to the lender over the term of the contract.

Home equity loan payments are typically fixed over the repayment period, while a home equity line of credit can offer interest - only payment terms or outstanding balances can be repaid using a variety of repayment strategies.

Typically, most homeowners refinance mortgage to get out of the Adjustable rate of mortgage terms and get into the security of fixed interest rated over a fixed loan term.

the interest rate a bond's issuer promises to pay to the bondholder until maturity, or other redemption event, generally expressed as an annual percentage of the bond's face value; for example, a bond with a 10 % coupon will pay $ 100 per $ 1000 of the bond's face value per year, subject to credit risk; when searching Fidelity's secondary market fixed income offerings, customers can enter a minimum coupon, maximum coupon, or enter both to specify a range and refine their search; when viewing Fidelity's fixed - income search results pages, the term «Step - Up» instead of a numeric coupon rate means the coupon will step up, or increase over time at pre-determined rates and dates in the future; clicking Step - Up will reveal the step - up schedule for that security

Historically the choice of a variable rate mortgage over a fixed term has allowed borrowers to save in interest costs.

Interest rates on the loans offered via Marcus will remain fixed over the loan term and will range from 6.99 % to 23.99 %.

@mbhunter: The rate is fixed for the term - 5 years - and the interest is amortized over a period of 25 years.

The next most popular term for a fixed mortgage is the 15 - year fixed loan, which amortizes over fifteen years, bumping up monthly mortgage payments significantly, but reducing the amount of interest paid throughout the duration of the loan considerably.

At the end of the pre-approval process, if the bank looks you over and likes what it sees, you'll receive what's called a good faith estimate (GFE), which is a brief document spelling out the likely terms of the loan, including the interest rate, loan type (fixed - rate, adjustable and so on) and closing costs.

The fixed income market has been disappointing lately, now that interest rates are so low, but over the long - term, bonds should still provide considerable returns.

Personal loans comes in all shapes and sizes, but essentially you're borrowing a fixed amount over a fixed term, typically at a fixed rate of interest.

okay here's my two cents worth folks im up for renewal and have just nagotiated a rate 5 yr variable1.75 persent or if i want a five yr fixed at 4.49 still quite a gap between fixed and variable here i believe i have a little lee way here apparently i was only interesed in variable and five yr fixed but i made it absulutly apparent to them that when lock in from a variable i get the whosale discounted rate at that time and written into the contract i kinda believe this the way the market is heading as we head out of ressesion and the bank of canada is going to make there move i believe coming up in june and just to make this firm i do not believe the boc will raise rates in fast mode far from it will be slow process i don't care what the ecconmists are thinking we have to remember manufactering sector is reallt taking a hit on the high dollar and don't forget our niegbours to the south how dependent our canada is with them i believe it will be a slow process a lot of people heve put themselves in a debt load over these enormously low interest rates but i may be wrong i think a variable is the way to go if you want to work on that princibal at least should i say the say the short to medium term and betting that the bond markets stay put for the short to medium term - i have given enough interest to the banks maybe i can pay a little less at least fot the short to mediun term here i have not completly decided yet put i think im going variable although i wish my mtge was up a year ago that would have been just great congradulations to all that did.

That kind of knowledge is a trade - off, however, since you might end up paying more in interest with a fixed rate loan over the long - term.

Interest is paid at a fixed rate over the term of a loan or investment.

Personal loans generally carry a fixed interest rate and require that you pay the lender back in monthly installments over a specific term, such as two to five years.

Fixed rate refers to the fact that the interest rate remains the same over the term of the mortgage.

A fixed interest rate is attractive to borrowers who do not want their interest rates to rise over the term of their loans, increasing their interest expenses.

Fixed interest rate loans have the same interest rate through the life of the loan, while variable interest rate loans are pegged to an index, and can change over the loan's term.

The interest rates for a foreign student private loan may either be fixed for the life of the loan or variable, meaning the rate could change over the term of the loan based on the market.

The repayment terms for lines of credit are the same as for the variable and fixed interest loans, and students can repay these lines of credit over a term of up to 25 years.

However, shorter term fixed loans can result in you paying less interest, meaning the 25 - year loan could save you money over the entire term of the loan.

Certificates of deposit are fixed rate deposits that pay a certain interest rate over a specific term.

As the name suggests, a fixed - rate loan is one that keeps the same interest rate over the entire life or «term» of the loan.

Interest rate risk is important because fixed income securities react to changes in interest rates both over the short and long - term that will effect their face value on the open market as yields rise aInterest rate risk is important because fixed income securities react to changes in interest rates both over the short and long - term that will effect their face value on the open market as yields rise ainterest rates both over the short and long - term that will effect their face value on the open market as yields rise and fall.

Amortizing a loan means calculating a fixed monthly payment that will cover interest and repay the principal (the original amount you borrowed) over the course of your loan term.

Short - term fixed loans, such as 15 - year loans, typically have lower interest rates than 30 - year loans, but higher payments, as the amount is spread out over fewer years.

If your interest rate is fixed (this is the norm), you'll make equal monthly payments over the loan's term, until it's paid off.

They offer installment loans, a type of short - term loan that you pay back over a period of time in fixed repayments on the amount you borrowed, interest and fees.

The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c. [If the quoted rate is 6 %, for example, c is.06 / 12 or.005].

Your money is invested for a fixed term and you get a fixed rate of interest over that term.