Sentences with phrase «rate reset date»

Not exact matches

So when I read this article about ladies in Baltimore losing their homes because they didn't do enough scrutiny of the mortgage documents, partly because they were deceived by people who were seemingly experts, who said that they would be able to refinance the rate when the reset date hit, I thought about relying on the kindness of strangers again.

Rate - reset preferreds typically exhibit less interest rate risk as the maximum time to the next reset date, or maturity, is five yeRate - reset preferreds typically exhibit less interest rate risk as the maximum time to the next reset date, or maturity, is five yerate risk as the maximum time to the next reset date, or maturity, is five years.

Rate - reset preferreds are used in a portfolio laddering strategy since they incorporate a reset date every five years.

At each reset date, investors can opt for a series based on the yield of five - year Canada bonds plus the spread, or a «floating rate» series that pays the quarterly dividend based on three - month Canada Treasury bills plus the spread.

Average Maturity of the portfolio based on total maturity of fixed rate and immediate reset date of floating rate instruments: 2.80 years

An ARM is a loan that offers a low introductory interest rate that «resets» after a set period of time, whether it's one year from your closing date or five years or more.

That's why borrowers will often try to refinance into a fixed - rate loan before the reset date, especially when rates are relatively low by historical standards.

The interest rate on an adjustable - rate mortgage loan is usually reset on the loan's anniversary date.

At each scheduled semi-annual payment date, the rate resets to the current LIBOR base plus the fixed spread.

The interest rate charged to a borrower will be applicable until the next reset date.

There is also an immediate annuity available that will «reset» your lifetime income payment 5 years after the contract issue date if interest rates have drastically moved up during that time period.

The weighted average of the number of days until the floating coupon rates of each loan are reset to reflect the current LIBOR base rate on reset date.

Project Retailer Type City, St. Pay Rate Start Date Days Hours / Day View New Store Set 2009 Lowes Aurora, CO $ 14.00 04/05/09 11 10.5 View Snack Chip Aisle Reset Walmart Westminster, CO $ 12.00 05/01/09 1 4 View Snack Chip Aisle Reset Walmart Loveland, CO $ 12.00...

«If you have to reset the paperwork and the settlement date, you could lose your lock on your loan's interest rate or even the deal if the sellers have a kick - out clause and a backup buyer,» says Pfaff.