Sentences with phrase «new borrowing at a lower rate»

Had nearly paid off as they had just sent me a letter to one of their most valuable customers with checks offering new borrowing at a lower rate.

Not exact matches

With interest rates at sustained record lows, there has never been a better period for governments to borrow money to pay for new transit, schools and hospitals — an opportunity the U.S. government has mostly missed.

Why shouldn't a government borrow to make new investments when ten year, thirty year, and fifty year interest rates are at historically low levels?

This option not only allows you to start a new mortgage at a lower interest rate, but let's you add additional funds to the borrowed amount — up to 80 % of your home's appraised value.

For instance, a homeowner may find that cash - out refinancing is a way of borrowing cash at an interest rate (i.e. the interest rate on the new mortgage) that is lower than he or she could get with a personal loan and without losing the ability to write off interest and points (i.e. fees you pay to your mortgage lender to reduce your interest rate) on your taxes.

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.