Sentences with phrase «rate than the borrower»

In most cases, if you qualify for financing, you will see much higher rates than a borrower with good credit would.

So, if you are in need of a debt consolidation help but you have a very low credit score, be prepared to have higher interest rate than a borrower with a fair credit score would have.

For instance, a borrower can get the nod of approval from a mortgage lender but because of their credit score standing, the mortgage loan may be accompanied by a much higher interest rate than the borrower can reasonably afford.

For example, if your LVR is more than 80 %, you could be charged a higher interest rate than a borrower with a lower LVR.

However, the deposit will usually accrue interest at a much lower rate than the borrower will pay on the loan.

In most cases, if you qualify for financing, you will see much higher rates than a borrower with good credit would.

Also, you'll pay a higher rate than a borrower with documentation.

Not exact matches

(Borrowers typically end up paying a lower rate than is indicated here, owing to discounts and special offers, but it serves as a useful gauge.)

Aside borrowers, investors benefit from regular monthly returns at an average rate of 15.5 per cent, which is significantly higher than other asset classes.

I knew the basics — federal loans are usually a cheaper and safer option than private ones since they tend to have lower interest rates and better borrower protections.

Many student borrowers have more than one loan, and many are unaware just what they owe to whom and what interest rates they're paying.

Borrowers should keep in mind that lower interest rates at the beginning of a loan result in more actual savings than lower interest rates towards the end of a loan since the principal is lower as time goes by (interest charged is a percentage of the current loan balance).

Borrower 2 saved almost $ 5,000 by going with a fixed rate on Loan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate loan.

In fact, borrowers with jumbo mortgages have recently been able to acquire loans with interest rates that are slightly lower than those that come with regular mortgage loans.

While Quicken won't really save you any money with a lower mortgage rate or fewer closing costs, the convenience of its online tools ensure that most borrowers will have an easier time navigating their applications than they would with a standard bank.

If approved, the student loan rate could be lower than any of the interest rates that the borrower currently has.

Many credit unions are willing to work with borrowers who have poor to fair credit, and they may be able to offer you an unsecured loan and / or a lower interest rate than OneMain.

Although you could qualify for an FHA loan with a credit score as low as 580, your interest rate will likely be higher than a borrower with a credit score of 700 or more.

Like borrowers with exceptional credit, however, you'll need to have more than a very good credit score to get the best deal on your interest rate, mortgage fees and other considerations.

And, a borrower with this credit score should expect to have less options than a higher score and pay a high interest rate.

Though borrowers with excellent credit, or borrowers with cosigners with excellent credit, may receive a loan with an interest rate lower than the government offers, it is uncommon.

Variable rates currently offer lower interest rate options, resulting in additional interest savings, but keep in mind — variable rate student loans are often higher risk for borrowers than fixed interest rate student loans.

For borrowers who qualify for the lowest rates or who want to use a loan for reasons other than debt consolidation, Discover may be a better option than Payoff.

Additionally, borrowers who take out more than one SoFi loan product can receive a 0.125 % Member Rate Discount on the additional loan.

Although, in rare cases private student loans can offer a better interest rate than those available through the federal government, in most cases the interest rates and loan repayment terms available through federal loans are better for borrowers.

Online lenders like SoFi, Earnest and LightStream all cater to borrowers with excellent credit and have rates starting lower than 6.99 %.

The borrowers would benefit from Lending Club's lower rates compared to the high interest and fees they were paying to banks on their credit card bills; at the same time, investors would earn better interest rates than on CDs from a bank.

This reveals that differences in mortgage rate between states are relatively small: On a 30 - year loan for $ 200,000, the average mortgage borrower pays $ 3,384 more in the most expensive state than in the cheapest.

For this reason, numerous private lenders offer student loan refinancing.By refinancing a student loan, borrowers might be able to choose a better interest rate and repayment plan than they have on their existing federal and private student loans.

And thirdly, of course, higher leverage means that monetary policy's impact via its effect on the behaviour of borrowers will be bigger than in the past — especially in a country like Australia where the majority of household debt is at floating rates.

But if growth accelerates, both the Fed and investors may push up rates more than currently anticipated, which would be good news for savers, bad news for borrowers and potentially bad news for investors.

Some borrowers may be lured by the variable interest rates offered by private lenders since they are often lower than the fixed interest rates available.

The net default rate for small - business borrowers supported by the MEII's first two loan - guaranty facilities was less than two percent.

After a rate hike, rates for savers rise more slowly than for borrowers.

For instance, if a company wanted to attract more borrowers, it could simply offer lower mortgage rates and / or fewer fees than its competitors.

For example, a borrower with an excellent credit score might qualify for a lower rate than someone with credit problems in the past.

The one thing we can say with certainty is that borrowers will encounter higher mortgage rates at the start of 2017 than at the beginning of 2016.

That's important because interest rates awarded to very creditworthy borrowers can be as much as 5.00 % to 6.00 % lower than those offered to borrowers with the worst credit scores.

The point is that they are much riskier than a traditional fixed - rate mortgage loan, where the borrower chips away at the principal from day one.

Repayments of principal could also slow in the months immediately following an increase in interest rates, if borrowers who were making more than the contractually required repayment chose to maintain their total repayment as interest rates rose, thereby allowing the amount of principal repaid to fall.

This is one reason why borrowers with excellent credit get access to lower mortgage rates, on average, as compared to borrowers with less - than - perfect credit.

FHA mortgage rates can be 100 basis points (1.00 %) or more below rates for similar conventional home loans, especially for borrowers with less - than - perfect credit.

The reference rates suggest that any given borrower would expect to pay a higher rate on an interest - only loan than on a principal - and - interest loan.

But overall financial conditions are arguably a good deal more restrictive than suggested by policy rates, especially in the United States, where the interest rates paid by many borrowers have not declined much, if at all, and lenders have toughened their standards considerably.

In general, personal loans make the most sense for borrowers who can score a lower interest rate than what they're currently paying or have more than $ 15,000 in debt to consolidate.

Conventional low - downpayment loans such as HomeReady ™ and Home Possible ® could come with higher - than - average rates, as could conventional loans to lower - credit borrowers.

In the table below, we compared OnDeck and Kabbage based on each lender's eligibility criteria, products offered, rates, fees and terms Generally speaking, we recommend OnDeck for term loans, especially if you want a longer term or more than $ 150,000, and for borrowers looking to take out more than one loan.

This is a normal experience in an economic expansion: as economic activity normalises interest rates do the same — though of course it is the interest rates borrowers actually pay, and that savers receive, that are important rather than the cash rate per se.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.

Interest rates can also vary, but it's usually best for prospective borrowers to obtain fixed - rate loans with the lowest amount to avoid paying more than they would if they simply continued paying down their credit card debt.