Sentences with phrase «loan features fixed»

The loan features a fixed 6.45 percent rate, a 10 - year term and a 30 - year amortization schedule.

The non-recourse loan features a fixed 5.09 percent interest rate and a 10 - year term...

The loan features a fixed 3.8 percent interest rate, a five - year term and a 25 - year amortization schedule.

The one - year, interest - only loan features a fixed - rate and two six - month extension options.

A home equity loan features fixed installment payments for a set period.

Since a home equity loan features a fixed interest rate, such a product might be better for those borrowers uncomfortable with uncertainty.

To make things simple for applicants and probably to disguise the fact that the interest rates charged for these loans are too high, payday loan lenders promote their payday loans featuring a fixed fee every $ 100 or $ 1000.

Since July of 2006, all federal student loans feature fixed interest rates, although the set rates have fluctuated from year to year and from one loan type to another, so that different loans have different rates.

The quasi portfolio / institutional non-recourse loan featured a fixed 6.13 percent interest rate, a 10 - year term and a 25 - year amortization schedule.

The loan featured a fixed 6 percent rate and a seven - year term.

Not exact matches

These days, most of them combine features of a fixed and adjustable - rate mortgage, and these are referred to as «hybrid» loans.

The fixed interest rate is one of the most important features of this particular loan, and it's also one of the primary advantages of the 30 - year fixed mortgage.

This feature distinguishes the 30 - year fixed - rate mortgage loan from other financing options that have a changing or «adjustable» rate.

This feature, combined with the long - term stability mentioned above, is what makes the 30 - year fixed mortgage such a popular loan option among California home buyers and homeowners.

Adjustable rate mortgages feature lower interest rates than fixed - rate home loans.

Most adjustable - rate mortgage (ARM) loans feature an initial fixed - rate period, with interest rates adjusting once per year after the fixed - rate term expires.

The most common loan duration is 25 years, with the first 10 years featuring a revolving line of credit, and the final 15 years using a fixed schedule.

Adjustable rate loans typically feature an introductory rate (sometimes called a «teaser») which is lower than the current rate for fixed rate mortgages.

S&P estimated a loss severity of 35 percent on deals backed by mortgage loans with a negative amortization feature while assuming a loss severity of 35 percent for transactions secured by adjustable - rate loans and short - reset hybrid loans with fixed - rate periods of less than five years.

An excellent option for borrowers who plan to move or refinance in the foreseeable future, balloon loans are a simple instrument for short - term mortgage, which have some features of a fixed rate mortgage and others from a variable rate mortgage both combined to create an excellent product.

Note: Typically Bank of America adjustable - rate mortgage (ARM) loans feature an initial fixed interest rate period (typically 5, 7 or 10 years) after which the interest rate becomes adjustable annually for the remainder of the loan term.

The fixed interest rate is one of the most important features of this particular loan, and it's also one of the primary advantages of the 30 - year fixed mortgage.

This feature distinguishes the 30 - year fixed - rate mortgage loan from other financing options that have a changing or «adjustable» rate.

Whether buying your first home or refinancing into an FHA home loan, FHA offers both fixed - rate mortgages and ARMs.FHA lenders feature the traditional 1 - year ARM plus four other «hybrid» mortgages.

We will assess «like for like» based on features such as, but not limited to, length of loan, fixed loan amount, repayment structure (including interest and set up fees (if any).

Instead of offering either a fixed or a variable mortgage, loans that combine both features have gained popularity.

The WHEDA Advantage provides home buyers with a versatile loan that features the lowest monthly mortgage payments, down payment and closing cost assistance, a 30 - year fixed - interest rate, and more.

While mortgage loans come with various features, they are broadly categorized as fixed interest or variable interest mortgage loans (floating or adjustable mortgage loans).

The Reset Loan features competitive fixed rates, multiple repayment options and clearly defined underwriting criteria, including required FICO scores for specific rates.

Also, if the loan is a fixed rate, funds submitted for prepayment can not be re-borrowed at any point during the life of the loan, and the revolving credit feature does not apply.

One of their many flexible features is the fact that you can choose a variable or fixed interest rate for your personal loan.

Our mortgage brokers offer free loan comparison quotes for fixed interest, as well as, adjustable rate home equity lines of credit that feature interest only payment options.

Some fixed - rate mortgages also feature interest - only periods, which allow homeowners to make interest - only mortgage payments during the first five to ten years of the loan term, though the loan will recast once the interest - only period is up to account for any reduced payments made during that period.

Available with a fixed rate for 30 or 15 years, or 5/1, 7/1, and 10/1 adjustable rate terms, these loans feature competitive rates and a range of flexible features.

Fifteen - Year Fixed Rate Mortgage This loan is fully amortized over a 15 - year period and features constant monthly payments.

Fixed rate fully amortizing loans have two distinct features.

It combines the benefits of personal loans and credit cards: the responsible credit features and predictability of a fixed rate installment loan, plus the flexibility and on - demand benefits of a credit card.

Fixed - rate mortgages feature a consistent interest rate for the life of the loan.

Balloon loans are short - term mortgages that have similar features to a fixed rate mortgage.

This competitive student loan refinance program features fixed interest rates with multiple repayment options and an interest rate reduction benefit

Hybrid Adjustable Rate VA Loans: Some lenders have a more flexible option by combining the features of both Fixed Rate VA Loans with Adjustable Rate VA Loans.

Typically a home equity loan has a fixed interest rate which is stated in the original loan agreement, in contrast, a HELOC will typically feature a variable interest rate.

A second loan, or mortgage, against your house will either be a home equity loan, which is a lump - sum loan with a fixed term and rate, or a HELOC, which features variable rates and continuing access to funds.

An HELOC has many distinct features including flexible interest rates where a home equity loan is repaid in fixed installments.

Unlike adjustable rate mortgages, where rates change depending on market conditions, fixed rate mortgages feature interest rates that stay consistent throughout the lifetime of the loan.

Both lenders offer fixed and variable rate loans, both allow for refinancing of federal and private loans, and both feature loan terms ranging from 5 to 20 years.

First Horizon Home Loans in Memphis Tenn. describes fixed rate mortgages as «featuring an unchanging interest rate, which is determined when you are approved for a mortgage and remains the same for the term of the loan.»

The lender has loan options for undergrads, grads, and parents with flexible features such as multiple repayment options and competitive fixed and variable interest rates the borrower may choose.

ARM loans feature lower rates than comparable fixed mortgages.

For instance, if your loan has a 15 year fixed rate of say 2.75 percent and current rates are 5.50 percent, that's an attractive feature to a buyer and you can expect to charge a premium for your home as well as helping a listing move along quicker.