Sentences with phrase «mean qualifying for lower interest rates»

Improving your credit score can mean qualifying for lower interest rates and better terms.

Not exact matches

Spending a few more years getting your student loans or other debts paid down could mean that you would qualify for a lower interest rate or a higher loan amount.

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.

When I bought my home a decade ago, my high credit and low debt levels meant that I still qualified for the best available interest rate at the time, even though I got an FHA loan with a small down payment.

That means your credit score goes way up, and it's easier to qualify for loans and get a lower interest rate.

As a result, scores of 760 and above are considered to be in the best range from a mortgage lender's perspective — meaning you'd qualify for the best (meaning lowest) interest rates, says Richard Redmond, mortgage broker at All California Mortgage in Larkspur and author of «Mortgages: The Insider's Guide.»

People 50 + years old tend to have good credit scores, which means they can qualify for low interest rates.

Having a good score means you qualify for loans and credit cards with lower interest rates and APRs.

(Note: Different types of loans qualify for different types of repayment plans... And making sure that you're in the correct repayment plan can mean better benefits, lower payments, and averaged out lower interest rates (which means an easier repayment for you!)

While that could mean you'll end up paying more in interest over the life of your loan, the lower interest rate that you might qualify for can offset some of that.

This means you'll have more options to choose from, since you need a high score to qualify for the cards with the best rewards and lowest interest rates.

- 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.

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.

That means more people could qualify for loans and credit cards, and those who could already borrow will now get access to lower interest rates.

You have funds available if there's ever an emergency — plus your debt comes at a lower price, as having good credit means you qualify for better interest rates.

The perks of having a good or excellent credit score typically mean lower interest rates and ability to qualify for excellent credit credit cards, or good credit credit cards as well as a home mortgage.

Plus, good to strong credit means you can qualify for lower interest rates.

The guidelines — or «stress test» — issued by the Office of the Superintendent of Financial Institutions (OSFI) on October 17, 2017, will mean that lower - risk home buyers (those with more than 20 per cent down on their new home) will join higher - risk borrowers in having to qualify for a mortgage at a higher interest rate than the one at which they will actually borrow.

You can work on fixing your credit report so that you qualify for better interest rates which means that you will have lower monthly payments.