Sentences with phrase «rate changes during the life of the loan»

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The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.

The fixed interest rate is set at the time of application and does not change during the life of the loan.

The interest rate depends on your credit profile, and it usually doesn't change during the life of the loan.

The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.

A fixed APR loan has an interest rate that is guaranteed not to change during the life of the loan or credit facility.

As its name implies, the ARM loan has an interest rate that changes during the life of the mortgage.

If you're refinancing from an adjustable - rate loan, be aware that your interest rate won't change during the life of the loan in a fixed - rate mortgage.

The interest rate depends on your credit profile, and it usually doesn't change during the life of the loan.

Interest rate is tied to a rate index set by the lender and may change periodically during the life of the loan.

Lifetime: The amount the rate can change during the life of loan.

And unlike federal loans, private loans often come with variable interest rates, which means you'll monthly payment can change during the life of the loan.

A fixed interest rate is set during the time of application and does not change during the life of the loan, whereas a variable interest rate may change quarterly during the life of the loan.

The initial monthly payment and interest rate are low under this FHA - insured mortgage product, but these may change during the life of the loan.

The initial monthly payments and interest rate are low with a FHA adjustable rate mortgage (ARM), but these might change during the life of the loan.

Most ARMs have a rate cap that limits the amount of interest rate change allowed during both the adjustment period (the time between interest rate recalculations) and the life of the loan.

This means that your interest rate will never change during the life of your loan.

The home equity loan rate will be fixed, meaning it will not change during the life of the loan.

A mortgage in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index.

A provision in some adjustable - rate mortgages (ARMs) that allows the borrower to change the ARM to a fixed - rate loan at specified times during the life of the loan.

A variable interest rate may change quarterly during the life of the loan, if the 3 - Month LIBOR changes.

The fixed interest rate is set at the time of application and does not change during the life of the loan.

Adjustable - Rate Mortgage (ARM) An ARM is mortgage with an interest rate that changes during the life of the loan according to movements in an index rRate Mortgage (ARM) An ARM is mortgage with an interest rate that changes during the life of the loan according to movements in an index rrate that changes during the life of the loan according to movements in an index raterate.

Adjustable - Rate Mortgage (ARM) A mortgage with an interest rate that changes during the life of the loan according to movements in an index rRate Mortgage (ARM) A mortgage with an interest rate that changes during the life of the loan according to movements in an index rrate that changes during the life of the loan according to movements in an index raterate.

A Fixed Rate Mortgage may be a good choice if you plan to stay in your home for an extended period and want the «peace of mind» of knowing your interest rate and monthly Principal and Interest Payment will never change during the life of the lRate Mortgage may be a good choice if you plan to stay in your home for an extended period and want the «peace of mind» of knowing your interest rate and monthly Principal and Interest Payment will never change during the life of the lrate and monthly Principal and Interest Payment will never change during the life of the loan.

Also called a variable - rate mortgage, an adjustable - rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBrate mortgage, an adjustable - rate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBrate mortgage has an interest rate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBrate that may change periodically during the life of the loan in accordance with changes in an index such as the U.S. Prime Rate or the London Interbank Offered Rate (LIBRate or the London Interbank Offered Rate (LIBRate (LIBOR).

As its name implies, the ARM loan has an interest rate that changes during the life of the mortgage.