Sentences with phrase «old interest rate»

Plenty, considering that plain old interest rates rarely tell you the whole truth.

The interest rate on the new, consolidated loan will be the weighted average of the old loans» rates, so no money savings will accrue to the borrower, although the rate can not be higher than the highest old interest rate.

Your new interest rate will be a weighted average of your old interest rates (meaning the higher interest rate will be given the most weight) and is not subject to change.

Your account will be closed, and you can finish paying off the balance at the old interest rate.

However, your new interest rate of 3 % is sufficiently below your old interest rate than in the end you cumulatively pay less interest charges than if you had not refinanced.

You'll probably only get the old interest rate on your previous balance.

Or if you simply extend your loan term and keep your old interest rate, you will also lower your monthly payments.

Your new interest rate will be a weighted average of your old interest rates (meaning the higher interest rate will be given the most weight) and is not subject to change.

Just take the difference between your old interest rate and your new one, and set aside your savings.

@Aaronaught: At RBC, at least, you have the option of paying off the mortgage early (with all the associated penalties), transferring the mortgage to your new house at the old interest rate and terms, or transferring the mortgage to whomever buys your house (again at the existing rate).

This negates the old interest rate and reduces your rate to zero.

Your lender can extend the length of your current mortgage and blend your old interest rate with the new term's rate.

On the first piece of your mortgage, you could pay 3 % - your old interest rate.

For instance, the Bank of Canada raised interest rates on but ING Direct is still offering the old interest rate.