Sentences with phrase «interest over a set time period»

To refresh, an amortization schedule is used to break down monthly payments of principal and interest over a set time period, commonly 20, 25 or 30 years.

Not exact matches

However, there is the risk that the variable interest rate will be much higher if the average student loan interest rate has risen significantly after the set period of time is over.

Under the general terms of an installment loan, you agree to pay back the loan in monthly payments — plus interest and fees — over a set period of time.

Typically, the loan will be paid back over a set period of time, known as the loan term, and you'll be charged a percentage of the remaining balance in interest each month as a cost of borrowing the money.

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 personal loan is money you borrow from a bank, online lender or credit union that you pay back with interest over a set period of time — usually between one to seven years.

Under the general terms of an installment loan, you agree to pay back the loan in monthly payments — plus interest and fees — over a set period of time.

The structure of a Fixed Indexed Annuity is based on that of a MYGA, as it also offers a guaranteed interest rate over a set period of time.

Most mortgage loans are set up to be paid out over a long period of time, such as 30 years, and the interest payments result in paying a whole lot more than the actual purchase price of a property.

Bonds can provide a steady return by paying interest over a set period of time.

Certificates of deposit, or CDs, are fixed income investments that generally pay a set rate of interest over a fixed time period.

The borrower then pays the money back to the lender, over a set time period, with interest.

Bonds or bond funds are fixed income investments that generally pay a set rate of interest over a fixed time period.

The benefit of a FRN, which is a type of bond is that the interest rate «floats» i.e. isn't fixed over a set time period.

However, there is the risk that the variable interest rate will be much higher if the average student loan interest rate has risen significantly after the set period of time is over.

You will then be required to pay back this amount plus interest in installments over a set period of time.

Fixed - rate loans provide a single, lump - sum payment to the borrower, which is repaid over a set period of time at an agreed - upon interest rate.

Essentially, when investors buy a municipal bond, they loan money to the bond's issuer in exchange for a specified number of interest payments over a set period of time.

Mortgage: A loan that allows you to purchase a home in return for monthly payments over a set period of time that pays back the loan with interest.

You invest a set amount of principal and earn interest at either a fixed or variable rate over a period of time.

The idea of this type of bond is to loan money to the issuer in exchange for the receipt of a set number of interest payments that will be made over a predetermined period of time.

Usually these swaps are an agreement between to parties to exchange one stream of interest payments for another over a set period of time.

This loan is repaid at an agreed - upon interest rate, over a set period of time at.

Similar to certificates of deposit, bonds issued by the government pay a given interest rate over a set period of time.

Interest rates plotted on a graph over a set period of time with different maturities and the same credit quality.

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.

The loan is amortized over a much longer time period such as 15 or 30 years (i.e., payments are set so that the entire loan would be paid off after 15 or 30 years of equal monthly payments) at a fixed or limited interest rate, and after 5 years, the loan automatically converts to a variable interest rate loan or limitations on the amount by which an already variable interest rate loan can vary are lifted.

Adjustable rate mortgage: Also known as variable - rate mortgages or ARMs, the interest rate on one of these goes up or down (but usually up) over a set period of time.