Sentences with phrase «rate over the entire term»

However, policies that maintain a constant rate over their entire term tend to be more cost - effective in the out - years.

Not exact matches

If you're comparing two student loans, you can use our student loan interest calculator to help you determine how much a low - rate student loan might save you over the entire loan term.

Unlike a fixed - rate mortgage loan, which carries the same interest rate for the entire repayment term, an adjustable / ARM loan has a rate that changes over time.

Finally, a lifetime rate cap could place a restriction on how high an interest rate can rise over the entire loan term.

This makes it very different from a fixed mortgage, which instead carries the same rate of interest over the entire term or «life» of the loan.

No single investment must last for the entire span of the investor's life, because the investor ideally has a diversified portfolio of several dividend - paying companies, but the better the investments perform over the long - term, the lower the turn - over rate of the portfolio needs to be.

The rate is fixed over the entire term.

In addition, it is important to keep in mind that the APR spreads all costs associated with the mortgage over the life of the loan, so if you do not expect to keep your mortgage for the entire loan term, the APR will not be a proper representation of the rate for your loan.

The interest rate is determined when you first take out the loan, and it stays the same over the entire 30 - year repayment term.

These factors are home value, up to a maximum cap; age; interest rate; and loan type, which include a lump sum, monthly payment over a specified term, monthly payment over your entire life, line of credit, or some combination of these options.

This low interest rate will then prevail over the entire term of your Toronto mortgage loan.

In this scenario, if the borrower plans on staying in the home for at least 44 months, they will recoup the entire $ 4,000 in closing costs that were rolled into the new loan amount, and will then save approximately $ 31,000 over the remaining term of the new 30 - year fixed - rate mortgage loan.

As the name suggests, a fixed - rate loan is one that keeps the same interest rate over the entire life or «term» of the loan.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Fixed interest rates stay the same over the entire term length.

For example, if the caps are 2 percent annual and 6 percent life of loan, a mortgage with a first - year rate of 10 percent could rise to no more than 12 percent the second year, and no more than 16 percent over the entire loan term.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

, as I wanted to get a rate that was fixed over the entire 30 - year term.

The difference is that instead of offering a locked - in amount of coverage that lasts over the entire term — the duration of the policy — the coverage decreases in value at a set rate.

The interest rate is determined when you first take out the loan, and it stays the same over the entire 30 - year repayment term.

This makes it very different from a fixed mortgage, which instead carries the same rate of interest over the entire term or «life» of the loan.