Sentences with phrase «likely qualify you for a lower interest rate»

And a higher credit score can likely qualify you for a lower interest rate.

If you have a decent credit score, manageable debt, a good standing with your insurer and a high income, you'll likely qualify for a lower interest rate.

Not exact matches

You're more likely to qualify for a lower interest rate if you have a good credit score.

Although you could qualify for an FHA loan with a credit score as low as 580, your interest rate will likely be higher than a borrower with a credit score of 700 or more.

If you're spending beyond your means, or have a lot of high - interest debt, then there is a chance of less likely to qualify for the lowest rates on a mortgage.

If you are approved, you're less likely to qualify for the lowest interest rates.

It's a merit - based system; the more qualified you are for refinancing, the lower your interest rate will likely be.

Keep in mind that only people with good credit are likely to qualify for a consolidation loan with a low interest rate.

Depending on when they were disbursed, federal student loans can have an interest rate as high as 8 %, and private loans can average as high as 12 %, so it's very likely that you'll qualify for lower rates.

Individuals who have a strong credit history, a high credit score, and low debt - to - income ratios are likely to qualify for the lowest possible interest rate and preferred repayment terms.

If you have a high credit score, then you will likely qualify for a relatively low interest rate.

Refinancing disproportionately benefits those with the best credit scores as they are more likely to qualify for the lowest interest rates when they refinance their loans.

When you have a good credit rating, you are more likely to qualify for low interest credit cards and better interest rates on loans.

The larger your down payment, the more likely you are to qualify for lower interest rates.

That being said, if I decided to refinance my student loans, it's very likely that I would qualify for a much lower interest rate which in theory could save me a lot of money.

- My finances and credit have gotten worse - An inferior credit score will likely mean you will not be able to qualify for a lower interest rate.

In addition, you'll likely qualify for credit cards with a 0 percent interest introductory annual percentage rate, save thousands on a mortgage by obtaining a low interest rate, and enjoy periodic credit limit increases on your accounts.

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

If you have a credit score of at least 720, you'll likely qualify for some of the lower interest rates you can get on a personal loan.

The higher your score, the more likely you will qualify for the lowest interest rates.

Having a decent credit score, of course, will mean that you're more likely to qualify for loans with lower interest rates, but those rates are comparable to those you'd get on a credit card.

Credit card companies always put payments towards the lowest interest rate first so if you charge something that doesn't qualify for 0 % then it will collect interest until you've paid off the entire 0 % balance which will likely take a while and cost you a lot of money.

You are likely to qualify for a lower interest rate, which could also lower your monthly payments.

Those with higher credit scores are more likely to qualify for a lower interest rate.

It also plays a role in what interest rates you get — a higher credit score is more likely to qualify for a lower interest rate.

«Limited inventory of low - priced homes, coupled with expectations for rising interest rates, likely foreshadow a frenetic, anxiety - filled spring buying season for qualified first - time homebuyers,» Loebs says.

Although you could qualify for an FHA loan with a credit score as low as 580, your interest rate will likely be higher than a borrower with a credit score of 700 or more.