Sentences with phrase «over the entire life of the loan»
The lifetime cap limits the increases over the entire life of the loan.
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Our interest rate went from 5.5 % to 3.5 %, which helps us save thousands of dollars over the entire life of our loan.
This allows a lender to create a payment schedule with constant payments over the entire life of the loan.
With a fixed - rate mortgage, you pay the same interest rate over the entire life of the loan.
When the rate is fixed, it stays the same over the entire life of the loan.
The lifetime cap limits the increases over the entire life of the loan.
Thereafter, the lender can adjust the rate on an annual basis up to the maximum of five per cent over the entire life of the loan.
Finance Charge Your finance charge is the total of all the interest you would pay over the entire life of the loan, assuming you kept the loan to maturity, as well as all prepaid finance charges.
Many loans that are offered on a short term basis will have higher interest rates than loans that are written for longer terms, even though the person will be paying less interest over the entire life of the loan.
That counter-top upgrade could cost you thousands of dollars over the entire life of the loan.
The lifetime cap limits the increases over the entire life of the loan.
It further highlighted industry estimates that re-default rates could be as high as 75 % over the entire life of the loans.