Sentences with phrase «paying more interest»

If a seller is covering the closing costs, they are probably including that expense in the cost of the house, meaning that you will be financing a larger loan and will be paying more interest and more mortgage insurance on the life of the loan.

But you will be making these payments for a longer time and in the end paying more interest.

Since an FHA has a very low down - payment (which can be as low as 3.5 %), you will end up paying more interest than if you had a conventional loan with a 20 % down - payment.

Combine that with an extended payment plan, or the possibility of national variable rates dipping below your new fixed rate, and you could be paying more interest in the long run.

The interest rate for purchases is 11.99 % ongoing, so be sure to manage your purchases and balance transfer cards so that you are not paying more interest than you have to.

You can try to lower your monthly payments by extending the term of your loan — but know that you'll end up paying more interest over time.

Allows a homeowner to purchase a property with a small down payment — this means they have little value in their home and they will end up paying more interest on the home loan.

While, unsubsidized loans allow you to borrow more you will end up paying more interest.

This is of great essence because if you are not careful you may end up paying more interest than you would with more but small debts.

Online banks then pass those savings on to customers by paying more interest.

The downside is that if you don't have the discipline to make the extra payments, you'll end up paying more interest overall.

Loan consolidation is a good option if you're looking to lower your monthly payments, as consolidating gives you the option to extend the repayment term of your loan — but remember, extending your repayment term also means you could end up paying more interest over the life of the loan.

So right at the time I want loads of disposable income (to pay off my debt) I have less because I'm paying more interest each month to service that debt.

That said you're needlessly paying more interest.

If market interest rates increase in the future, and cause the variable rate to adjust upward to a level higher than the business» original fixed rate, the business would be paying more interest.

However, should the loan payment be less than what you are paying towards your credit cards, you will most probably end up paying more interest in the long run, because your loan term will most likely be longer.

If market interest rates decrease to a level lower than the fixed rate, the business would be paying more interest.

They then pass the savings on to customers by charging lower fees and paying more interest.

There will often be extra fees and charges to pay as well, and some people end up paying more interest on their new loan.

So while you are probably saving interest on some of your old debts, you're now paying more interest on some of the others.

Since you're extending the loan for as long as you can, your ongoing repayments may be lower but you will be paying more interest overall.

This prolongs the payoff of your mortgage and as a result you may end up paying more interest than the principle over the life of your current 30 year mortgage.

Eventually, you may end up paying more interest on the loan.

Homeowners often end up paying more interest on their mortgage than the actual price of their home.

However, extending a 10 year loan to 30 years may mean paying more interest over the life of the loan.

Paying off over a longer period means you end up paying more interest, eg, 5 % over 20 years is much more expensive than 10 % over five years.

You'll also end up paying more interest over the life of the loan than you would with a principal and interest loan.

You need to examine whether you're actually paying more interest on the debt than you're getting on the savings.

In fact, you could end up paying more interest if it lengthens the overall term of your debt.

You may also make the monthly payable amount more affordable by extending the term of the new loan; however, keep in mind that you will end up paying more interest over the total period.

If your monthly payment decreases, it's likely the result of lengthening the term, which can mean paying more interest over time.

Longer loan terms will lower your monthly repayment, but you'll be paying more interest over the term of the loan.

These plans may reduce your monthly payment but extend over more months, which will lead to you paying more interest over time.

I am just trying to take care of the problem as quickly as possible and avoid paying more interest.

Even in the case of an unsecured line of credit at 7 percent, you are likely paying more interest on that line of credit than you are earning interest from a fixed income investment.

And, just like the 10 year plans, you'll end up paying more interest on a Graduated Extended Repayment Plan than the fixed payment version.

First, while extending the length of your mortgage should cut your monthly payments, it also means paying more interest over the life of the loan.

So before making a balance transfer make sure you are familiar with how much the penalty Apr. will be, because if you will end up being late (it happens to the best of us) not only will you be losing the intro 0 % Apr. offer, but you may end up paying more interest now than what you were paying before you made the balance transfer.

Extending loans can also help make payments lower, though you will end up paying more interest in the long run.

While the 30 - year loan offers a more comfortable payment, you will lend up paying more interest over the longer term.

But, if the interest rate is low and the loan term is longer, then you will end up paying more interest than before.

And a long repayment period means paying more interest overall.

Sure, by consolidating your payments into a single loan, you might be paying one monthly payment that is smaller than the sum of your current monthly payments, but if they stretch your loan out for a longer period of time you could actually end up paying more interest by consolidating.

The borrowers are having a harder time paying more interest for an asset that depreciates 15 % the moment they take it off the lot.

While extending the repayment term may lower your monthly payment, you may end up paying more interest over the life of your refinance loan.

As a result, home buyers who postpone their purchases until later next year might end up paying more interest on their loans.

But if you don't do your calculation very well, you might end up paying more interest as a result of the extended payment period.

If you choose to refinance, it could end up costing you more money by restarting the cycle of paying more interest.

Otherwise, you may end up paying more interest as the apr after the 0 apr introductory period is usually very high.

Instead of paying more interest, you can pay down your loan balance more quickly, save for a rainy day, or go on that vacation you've always dreamed of!