Sentences with phrase «over the course of the mortgage term»

It determines how much home you can afford and what you'll be paying over the course of the mortgage term.

Fixed mortgage rates, where the interest rate is fixed over the course of the mortgage term, are a little more complicated — they shadow Government of Canada bond yields of the same term.

It determines how much home you can afford and what you'll be paying over the course of the mortgage term.

Not exact matches

Consider carefully how each mortgage offer would affect you both in the short term and over the course of your mortgage.

Going to an independent financier is recommended over going to the banks, because the banks have more at stake in terms of keeping you on their own terms, in debt to them, and will of course tell you to lengthen your mortgage terms or refinance the home through them.

You need to know what penalties you'll incur if you break the mortgage prematurely, whether you can pay extra each month, and if you can skip a set number of mortgage payments over the course of your term without penalty.

Now, It's hard to nail down exactly how much interest you would save over the course of a 25 year amortization, because your total mortgage is broken up into terms with different interest rates along the way.

With a mortgage, the lender pays the lump sum amount to the home seller, and payments are made back to that lender by the home buyer over the course of the loan term.

Keep in mind that by failing to secure the best rates on your commercial mortgage renewal, you could be paying thousands of extra dollars toward interest payments over the course of your next multi-year term.

Decreasing term life insurance, also known as mortgage insurance, has a constant premium amount but the death benefit declines at a set rate over the course of the policy.

A decreasing value term life insurance life policy such as mortgage insurance has the drawback of having equal premiums throughout the course of the policy while the face value of the policy decreases over the same period.

Historically, borrowers who stay in a Variable Rate Mortgage (VRM) tend to save more money over the course of the term.