Sentences with phrase «never changes during the life of the loan»
The EIR never changes during the life of the loan.
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This means that your interest rate will never change during the life of your loan.
A Fixed Rate Mortgage may be a good choice if you plan to stay in your home for an extended period and want the «peace of mind» of knowing your interest rate and monthly Principal and Interest Payment will never change during the life of the loan.
The EIR never changes during the life of the loan.
Not exact matches
The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.
The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.