Sentences with phrase «payments over a shorter period of time»

Alternatively, you also can choose to accelerate your payments over a shorter period of time, thereby reducing the total amount of interest you will pay.

Choose a term length that fits your budget, with lower monthly payments over a longer period of time or higher payments over a shorter period of time.

Then select the repayment schedule that best fits your budget or goals — choose a lower payment over a longer period of time to minimize the impact on your monthly cash flow, or choose a higher payment over a shorter period of time to incur less interest and pay off your loan faster.

Not exact matches

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

People who regularly check their report often see that their ratings keep going up and down over short periods of time — even when their borrowing and payment behaviors remain the same.

A balloon is a short - term loan that is amortized over a long period of time to get the borrower a low payment.

Selling real estate by land contract or contract for deed can be an excellent way to turn an unwanted piece of property into a stream of payments over a short or long period of time.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

But even though the I.R.S. assumes the plan will make monthly payments in retirement, which is why it allows people to save so much over a short period of time, owners shut down most of these plans and roll the money in them to a regular retirement account, said Mr. Goldblatt, whose firm advised Mr. Rogers.

This type of loan will eliminate the high fees on current balances on your credit card accounts and replace the multiple monthly payments with one lower payment over a much shorter period of time.

In most cases, the shorter the loan term, the lower the interest rate (but the higher the payment since the loan is being amortized over a shorter period of time).

They can also choose to maximize total savings by refinancing into a loan with a shorter repayment term, or shrink their monthly payment by choosing a loan that stretches their payments out over a longer period of time.

It requires only a limited number of premium payments paid over a short period of time.

A short pay allows you to do this by consolidating the premium payments required for a lifetime guarantee over a limited period of time.

Limited payment insurance means that you pay much higher premiums over a shorter period of time so that you don't have to pay any premiums when you are older.