Sentences with phrase «money by paying less interest»

This certainly makes sense if you are planning on staying in the property long - term and will save a large amount of money by paying less interest over that time frame.

That person would save money by paying less interest.

They may use their funds to pay off high interest credit card or other revolving debt, so instead of paying 20 % or higher, they can pay off their existing balances and save money by paying less interest that may also be tax deductible.

That means you'll save money by paying less interest.

Not exact matches

You will owe more money to the new lender, but by eliminating other more expensive debt with the extra cash you just received, you are actually saving thousands of dollars too because you will have to pay lesser interests on your overall debt.

Simple math shows that you will get out of debt faster and spend less money by paying off your highest interest debt first.

Over the lifetime of a loan the money you save by paying less interest can add up to thousands or even tens of thousands of dollars.

By eliminating the financial institution, investors can receive more money in interest while borrowers actually pay less for their loans.

By using a balance transfer credit card, some borrowers might be able to minimize the amount of interest they pay on their student loans — and ultimately pay less money on their debt.

We probably lost money on the investment side of the 401K by having less in the retirement account, but I'm certain we probably gained in the long run by paying off credit cards that were at 20 % interest or more!

At the same time, if you have family and friends earning less than 1 % interest with their money sitting in a savings account, they may be pretty happy getting paid a 3 % interest rate by you.

Same way, banks borrow money from RBI by paying interest rate, when RBI reduces this interest rate (payable by banks to RBI), banks will have to pay lesser interest amount on their borrowings.

The idea was that with lower monthly payments you could take the extra money you have left over to get out of debt faster by paying more principle and less interest!

By doing this you pay a greater amount of money towards the balance and less interest on debt.

Many people choose to eschew high interest rate cards with widely - publicized perks because they neither need nor use these benefits, and prefer to save money in the long run the guaranteed way — by paying less in interest with each payment.

While buying a smaller house is always one option, the best option is simply to make your money spread as far as possible by paying more money towards your principle amount and wasting less money on interest.

Provided your interest rate is lower after transferring your balance, and it's worth paying the transfer fee, you could save money on your purchases by paying less interest.

Firstly, you can pay less money in interest by using any of the debt relief programs mentioned above.

Refinancing and consolidating private and federal student loans is a great way to save money by lowering monthly payments, paying less interest, and making your loans easier to manage to help you get out of debt faster!

Usually, you will have to pay a fee in order to process a balance transfer — just make sure that this fee is less than the money you plan to save by the reduced interest rate.

The insurance carriers figured out that if you carried a higher deductible (which went toward claims that the carrier paid), they could afford to reduce your premiums, based on less out of pocket expenses for them and the increased value of the money (interest) they could earn by not paying it out.