Sentences with phrase «means higher monthly payments»

This year, economists expect additional rate increases, which means higher monthly payments for future homeowners.

A 15 - year fixed - rate means higher monthly payments, but usually includes a reduced interest rate, so tens of thousands does not go into the lenders» pockets.

Because a higher mortgage rate means higher monthly payments (see How to Calculate Loans) you'll end up paying more each month if you go for LPMI.

And even with a lower interest rate, that quicker payoff means higher monthly payments.

While a shorter term means higher monthly payments, it will yield in less money being paid overall.

Higher rates mean higher monthly payments and a higher total cost for the loan.

Shorter loans mean higher monthly payments, but you'll pay less overall in interest and pay off the car more quickly.

Shorter terms typically mean higher monthly payments, but they can cost you much less over the life of the mortgage.

Under the Standard Repayment Plan, a higher balance means a higher monthly payment.

Personal loans typically come with a shorter repayment term, which can mean higher monthly payments.

Shorter loan terms mean higher monthly payments, but carry significantly lower interest rates.

High student loan balances will mean high monthly payments, which can be challenging to keep up with.

A shorter term for the mortgage will mean a higher monthly payment for the term of the mortgage, but the homeowner will pay less than half of the amount of interest that would be required under a 30 year mortgage term.

Higher interest rates mean higher monthly payments and more interest paid overall.

Not exact matches

Especially since a higher rate means a newer, higher monthly payment.

They can become higher or lower depending on the market, and that means your monthly payment can change, too.

For one thing, prices are high in California, which means borrowers will need more money for a down payment and will have higher monthly housing costs than in states with more affordable real estate.

Common wisdom says that a high deductible means lower monthly payments.

The APR for leases is almost always higher than it is for financed purchases, meaning your monthly payment might be higher depending on how much money you put down.

While this means more money in your pocket, it also means a larger mortgage balance and possibly a higher monthly payment, depending on the difference between the old rate and the new rate.

But switching from a 30 - year loan to a 15 - year loan will usually mean your monthly mortgage loan payments are higher.

A 15 - year loan means you will pay less in interest, but your monthly payment will be higher because you'll be paying off the loan amount faster.

Some lenders offer a zero point / zero fee loan which means that you do not have to pay most of the fees generally required, however, your monthly payments may be somewhat higher (lenders generally will charge a higher interest rate for this type of loan).

Well - meaning friends and family members will tell them interest rates are low and post-college salaries high, so monthly payments are no big deal.

Although personal loans have a high percentage of interest, these are usually never higher than the interest rate on a credit card, which means you can probably keep up with the payments on a monthly basis.

That's because the high interest rates that are charged on credit cards mean that a big portion of their monthly payments go toward paying interest and not toward paying down their debt.

For instance, a three year term might mean your monthly payments are too high, but a 10 year term would extend your repayment period for too long, bringing up your interest.

They can become higher or lower depending on the market, and that means your monthly payment can change, too.

Ultimately, this means you pay more over the life of your loan plus you'll be stuck with a higher monthly payment.

Alternatively, you can choose a shorter term with higher monthly payments, which means you'll pay less interest in the long run.

A higher down payment means you may have lower monthly payment, due to lower interest.

A higher rate, however, means that more of a customer's monthly payment goes for interest and less to repay the loan.

Therefore, the higher monthly payments of these structures can sometimes mean greater savings.

A borrower's monthly repayment is capped under IBR, meaning it will never be a higher monthly payment than would have been made under a standard ten - year repayment plan.

But this means you'll pay some kind of mortgage insurance and your monthly payments would be higher than the conventional mortgage borrower.

These loans will allow you to save money in interest compared to a 30 - year loan, but will mean your monthly payments are going to be higher.

A low deductible (the amount you pay out of pocket when filing an insurance claim) usually means a higher premium or monthly payment.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

Are you okay with having to pay a little more out of pocket when something goes wrong (AKA a higher deductible) if it means your monthly payment, or premium, is lower?

Higher interest rates mean higher annuity monthly payHigher interest rates mean higher annuity monthly payhigher annuity monthly payments.

The government's 5 - point cap means the highest possible interest rate on this loan is 7.5 percent, which translates to a monthly payment of $ 804.

This means making higher monthly payments than you are required to.

It simply means you are swapping a higher interest rate for a lower one, which can save you considerably on your monthly mortgage payments.

Higher interest rates typically means more debt to handle later on, as well as larger monthly payments.

Low monthly fees normally mean higher interest rates and longer payment periods.

That means your monthly payments would be higher than they would with a 15 or 20 - year term.

Opting to pay a lower down payment means the borrower will have a higher monthly payment and will have to pay private mortgage insurance for a longer period of time.

That also means, however, that you will likely have a higher monthly payment if you want to have the loans paid off faster.

Reducing the amortization period means that homeowners will be making a higher monthly payment, but will save thousands of dollars in the long run, build equity faster and, in theory, own their homes earlier.

This means that at the start of your mortgage, your payments may not be high enough to cover the principal and mortgage payments, but the difference is added to the total principal of the loan, which you will pay off in time as the monthly mortgage payments gradually increase.