Sentences with phrase «much higher interest»

Or you can use lenders that have lower standards (but most likely much higher interest rates).

If you owe on your car, have credit card debt, or other loans it's best to pay those debts off first because these are usually «unsecured» loans which carry a much higher interest rate than your home mortgage.

Credit cards typically carry a much higher interest rate than your mortgage and you don't get to use that interest as a tax deduction.

Existing rules require home buyers who take out short - term or variable - rate mortgages with down payments of 20 per cent or less to prove they can afford payments at a much higher interest rate than they will actually pay.

There was a simpler mortgage process ten or twenty years ago but buyers paid a much higher interest rate!

Don't forgot the much higher interest rates and that many lenders have 6 to 12 - month limit.

2) Buying a house with CASH is SUB Optimal: Build your house with cash and then refinance it with HIGHEST / MOST lender credit that they can... (this will result you a much higher interest rate but hold on a sec...)... wait for a month and they pay off the whole amount.

Since you are participating in an indexed account that correlates to the stock market, you account can be potentially credited a much higher interest rate.

The bank takes your money and loans it out for much higher interest.

For example, an unsecured credit card typically carries more risk than a secured loan, so regulations tolerate much higher interest rates on unsecured credit cards than allowed even on subprime mortgages, which are backed by collateral.

For one thing, there is a danger you could eventually stop getting approved for balance transfer credit cards, which could leave you stuck holding debt at a much higher interest rate when the APR on your latest credit card jumps to its regular level.

This is because most credit cards charge much higher interest rates than other forms of debt.

And if you don't pay off that new boat in time, you'll start paying a much higher interest rate.

If you happen to miss a payment, your APR won't go up, so you won't suddenly be charged a much higher interest rate on your balance.

Also note that credit cards have much higher interest rates than student loans.

Retail cards tend to carry much higher interest rates than the typical credit card, so if you don't pay off what you charge right away, it could end up costing you more than if you had just paid cash in the first place.

Credit cards typically have much higher interest rates than mortgages, so you would save more money by working on eliminating your credit card debt first.

Thus several colleagues and I each took out the largest loans they would give us and walked down the street to an office of Dean Witter and bought CDs paying much higher interest rates - that was an investment where we couldn't possibly lose.

The line of credit can be preferable to using credit cards, which can have much higher interest rates and late fees.

Since this is considered a high - risk category, consumers may find that creditors reject them or offer much higher interest rates than to consumers in the top categories.

In the end, revolving debt almost always has a much higher interest rate.

Offering one of the highest rates of return for your money, a Money Market Account with Dime is similar to a savings account but with a much higher interest rate and annual percentage yield.

Then again, FMF probably has fairly low interest rates on his cards - the average consumer with a balance who has made a couple of late payments probably has a much higher interest rate, and so would end up paying the 4 - 5 times the original amount.

If your credit is within the range between fair and good, it is wise to look around so you don't find yourself paying a much higher interest rate than you need to.

The loans were riskier than conventional, secured mortgages, but carried much higher interest rates and produced strong returns for several years.

Unsecured debts are thus riskier for the lender than secured debts, and will usually carry much higher interest rates.

For example, credit card debt has much higher interest than student loan debt.

That's why personal loans will usually have much higher interest rates than other types of installment loans.

Normal subprime lenders have employed much higher interest rates in order to compensate for the increased risk of the loan.

In order to qualify I was going to have to refinance the loan at a much higher interest rate and make income based payments that were way too high for me.

The huge one with a much higher interest rate, or the smaller guy with 1/2 the interest, but the much shorter pay off time?

This can be a good option if you are paying a much higher interest rate on your debt than you are making on your IRA investments.

For instance, if you see a credit card with a low initial rate, called a teaser, it probably will switch to a much higher interest rate after a fixed period.

On the other hand, having poor / limited scores for either will greatly reduce any opportunities with the SBA, or result in much higher interest rates.

Many Minnesotans I speak to relate to me that if they could get credit, which most can't, they would definitely pay much higher interest to get the credit.

Our goal is merely to illustrate that the conventional wisdom, which appears to have originated in an era of much higher interest rates, doesn't always apply.

Private student loans tend to carry much higher interest rates than federal loans, with some capping out at 18 %.

Typically, if you open a new account you are initially offered much higher interest, which will revert to the regular rate at the end of the promotional period.

These savings accounts are also a much better alternative to traditional money market accounts because they pay a much higher interest rate.

Why it's a big deal: Getting 20 percent off of your first purchase can be tempting, but be mindful that most store cards carry much higher interest rates than regular cards.

These HISAs typically pay much higher interest rate than money market funds and are ideal for the cash balance in your Registered Retirement Savings Plan (RRSP), Tax - Free Savings Account (TFSA) and investment accounts.

A few years back, ING Direct was pretty much the only game in town, offering online savings accounts with much higher interest rates than anyone else.

Online savings accounts offered by competitors such as E * Trade (Cash Optimizer account offers 4.15 %), Achieva Financial (Daily Savings Account offers 4.1 %), PC Financial (Interest Plus pays 4 % if you maintain a balance of more than $ 1,000), etc. sport a much higher interest rate than ING's regular rate of 3.5 %.

For instance, a borrower can get the nod of approval from a mortgage lender but because of their credit score standing, the mortgage loan may be accompanied by a much higher interest rate than the borrower can reasonably afford.

Most importantly, if you are shopping for a new home, calculate your affordability at a much higher interest rate — it's the only way you can determine your chances of affording your home for the long term.

This could mean the credit card application gets denied, or it could mean a much higher interest rate assigned to the card.

Cash Back Rewards: Cash back rewards can seem very appealing until you understand that, in general, rewards cards charge much higher interest rates than credit cards without financial rewards.

Unsecured loans have much higher interest rates to reflect the lender's increased financial exposure in the event of non-payment of the loan.

If you were to borrow the money from a bank or another lender, you would pay a much higher interest rate.

Borrowers of these loans often pay a much higher interest rate than federal student loans with the average standing around 9 percent, though some loans carry interest rates as high as 15 percent.