Sentences with phrase «likely secure a lower interest rate»

If you go with the shorter loan, you will likely secure a lower interest rate than a 30 - year fixed mortgage — possibly more than half a percent lower.

If you go with the shorter loan, you will likely secure a lower interest rate than a 30 - year fixed mortgage — possibly more than half a percent lower.

Not exact matches

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

While you should think carefully about taking out a secured loan, you will likely get a lower interest rate.

This means two things: firstly, the terms are better suited to low credit applicants, with lower interest rates and longer repayments terms; and secondly, that securing large loan approval is much more likely.