Sentences with phrase «loan during the introductory period»
«In most cases, balance transfers represent an interest - free loan during the introductory period, but if consumers use that relief to simply continue uncontrolled spending, they will easily get deeper in debt.»
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After the introductory period, your rate can jump, and it can adjust more than once during the loan term.
The guidelines direct lenders to assess borrowers» ability to repay a loan not just during the introductory period, when rates are at their lowest, but later in the loan term when the rate is fully indexed and fully amortizing.