Sentences with phrase «qualify for a lower interest rate because»

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For example, federal loans can often be a better option for borrowing — even if you could get a lower interest rate on a private student loan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness ProgrFor example, federal loans can often be a better option for borrowing — even if you could get a lower interest rate on a private student loan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness Progrfor borrowing — even if you could get a lower interest rate on a private student loan — because federal loans have advantages private loans don't have, such as the opportunity to choose income - driven repayment plans or qualify for the Public Service Loan Forgiveness Progrfor the Public Service Loan Forgiveness Program.

Even qualified borrowers who can meet the requirements for other loan products often choose VA loans because they provide great value with their low down - payments and low interest rates.

HELOC also appeal to many people because it offers bigger loan amounts and lower interest rates than credit cards and other consumer loans, but before you can qualify for this type of loan, you need to have at least 20 % equity on your home.

Interest adds up, and you can be charged additional thousands of dollars just because you did not qualify for a low APR rate.

Private loan consolidation is usually the best option because you can potentially qualify for a lower interest rate.

Wells Fargo customers who take out secured loans do so to obtain a lower interest rate or because they couldn't qualify for an unsecured loan.

You may qualify for a larger loan because the lower initial interest rates result in more affordable payments.

Keeping your credit report void of negative records like late payments and unpaid balances is important because poor financial history can hold you back from qualifying for a low - interest rate or qualifying for forms of credit at all.

That's because the average credit score in the U.S. is too low to qualify for the best interest rates.

If you do qualify for a low interest rate, a debt consolidation loan can help you save money over the course of time it takes to pay off the loan amount because you will be paying less in interest.

That's because your credit score is considered to be a «report card» of sorts — and based on this information, it is a key determinant about whether you'll get a high or low interest rate from the lender or creditor... or even if you qualify for credit at all.

If you want to use an ARM because its lower interest rate will help you qualify for financing to purchase a more expensive property, you have to consider whether the difference in the quality of property you can get with the ARM makes the interest - rate risk worthwhile.

Just keep in mind that because you can't get a lower your interest rate, extending your loan term in a government repayment plan can significantly increase your total repayment costs if you don't qualify for an interest rate reduction.

For many, this option makes more sense because the interest rate you qualify for now may be lower than that of your original loans and you can reduce the payback period to avoid paying as much interest over tiFor many, this option makes more sense because the interest rate you qualify for now may be lower than that of your original loans and you can reduce the payback period to avoid paying as much interest over tifor now may be lower than that of your original loans and you can reduce the payback period to avoid paying as much interest over time.

The revamped HARP refinance program provides more homeowners, who may not otherwise qualify for refinancing because of declining home values, the ability to refinance into a lower interest rate and / or more stable mortgage product.

A VA borrower can afford a more expensive house than an FHA borrower with the same financial situation because (1) VA loans allow borrowers to finance 100 % of the loan, (2) borrowers don't have a mortgage insurance fee, and (3) borrowers often qualify for lower interest rates.

Today, many first - time buyers who have difficulty qualifying for a home loan, still settle for adjustable rate loans because the initial, «teaser» interest rate of the mortgage is normally two or three points lower than a fixed rate loan.