Sentences with phrase «require higher monthly payments»

These loans, however, often require higher monthly payments.

Standard auto loan refinance logic holds that a shorter - term loan will require higher monthly payments while incurring a lower interest rate.

For example, a 15 - year fixed - rate mortgage requires higher monthly payments than a 30 - year loan.

As you can see from the options, Option # 1 is definitely the cheapest over time, but it requires the highest monthly payment.

For example, a 15 - year fixed - rate mortgage requires higher monthly payments than a 30 - year loan.

However, because you are building equity faster and paying down the loan sooner, a 15 - year mortgage requires higher monthly payments.

Not exact matches

«Sometimes a higher down payment may be asked, and the fact that you will likely be required to pay a monthly condo association fee can skew your debt - to - income ratio negatively,» says Klaus Gonche, Realtor with Fort Lauderdale - headquartered Century 21 Hansen Realty.

Not only will your total monthly debt payments be lower, but if you WERE able to afford those higher payments, you can still make the higher payments against your new low monthly REQUIRED payment.

Fixed monthly payments are required equal to 2.50 % of the highest balance applicable to this promo purchase until paid in full.

The fixed monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase.

Fixed monthly payments are required equal to 2.50 % of the highest balance applicable to this promo purchase until paid in full.

Some lenders offer a zero point / zero fee loan which means that you do not have to pay most of the fees generally required, however, your monthly payments may be somewhat higher (lenders generally will charge a higher interest rate for this type of loan).

Refinancing to a shorter repayment term requires higher monthly mortgage payments.

The fixed monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase.

For example, if you need to borrow $ 20,000 to make repairs on your home, you may not want a loan that requires you to repay the entire amount in one or two years because the monthly payments may be too high.

During this time you won't be required to make a monthly payment, though interest will accrue, and will ultimately be added to your principle balance, making your future payments higher.

The debt avalanche approach, on the other hand, involves paying the loan off that has the highest interest rate first while making the required minimum monthly payments on the other loans.

Other places such as Credit Solutions, DebtGuru and many others all require fees that are either high or ongoing in the form of monthly payments.

A shorter repayment term translates to less risk for mortgage lenders, and your ability to qualify for the higher monthly payment required of a 15 year mortgage suggests financial stability.

Debt consolidation and personal loans may require a lower monthly payment, but you could pay higher interest rates over the course of the loan.

Luckily, the government understands that some people may not be able to afford the high monthly payments that are often required of graduates.

One of the biggest reasons borrowers fall behind on their monthly payments is because they can not afford the high monthly payments their servicers are requiring them to pay.

Higher rates may apply based on a lower credit score, a higher LTV, a term longer than 60 months, a required SBA guarantee and / or not having automatic monthly payments taken from a U.S. Bank Business Checking acHigher rates may apply based on a lower credit score, a higher LTV, a term longer than 60 months, a required SBA guarantee and / or not having automatic monthly payments taken from a U.S. Bank Business Checking achigher LTV, a term longer than 60 months, a required SBA guarantee and / or not having automatic monthly payments taken from a U.S. Bank Business Checking account.

While there are FHA - insured loans that require just 3.5 % down, those loans require you to pay mortgage insurance for the life of the loan, which will keep your monthly payments higher.

Yes, these loans are out there, but they generally require a very good credit score — 700 or above — and your monthly payments will be higher because you're financing more of the purchase price.

For the average Canadian homebuyer requiring CMHC insured financing, the higher premium will result in an increase of approximately $ 5 to their monthly mortgage payment.

They have predefined car loans that should fit the average consumer but can sometimes not match the needs of particular borrowers that may require longer or shorter repayment programs, higher or lower monthly payments, higher loan amounts, etc..

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

This means making higher monthly payments than you are required to.

Parents have a lot of credit cards with high monthly payments (minimums) required every month.

Credit card issuers are required to give consumers at least a 45 - day notice before charging a higher interest rate and at least a 21 - day «grace period» between receiving a monthly statement and a due date for payment.

Truth in Lending Act — Requires lenders to disclose the terms and costs of all loan plans, including the annual percentage rate, points and fees, miscellaneous fees, the total of the principal amount being financed; payment due date and terms, late payment fees; features of variable - rate loans, including the highest rate the lender would charge, how it is calculated and the resulting monthly payment; total finance charges; whether the loan is assumable; application fee; annual or one - time service fees; pre-payment penalties; to the member.

2) Monthly housing expenses are higher than traditional loans because FHA requires a monthly mortgage insurance payment that is due with each loan pMonthly housing expenses are higher than traditional loans because FHA requires a monthly mortgage insurance payment that is due with each loan pmonthly mortgage insurance payment that is due with each loan payment.

A shorter term for the mortgage will mean a higher monthly payment for the term of the mortgage, but the homeowner will pay less than half of the amount of interest that would be required under a 30 year mortgage term.

This is a nice alternative to refinancing your student loans to a shorter term, if you're worried about taking on a higher, required monthly payment.

With a lower interest rate, due to mortgage refinancing, the required monthly mortgage payments would be also lower and if you could maintain the same level of payments as before (with the higher rate), that would be equal to increasing monthly payments, and — BOOM!

The equal monthly payment will be rounded to the next highest whole dollar and may be higher than the minimum payment that would be required if the purchase was a non-promotional purchase.

To purchase a new car in the same class will require either a larger down payment or a higher monthly payment.

She was required to make 23 monthly payments with outrageously high interest that nearly doubled Harley's initial price.

For the average Canadian home buyer requiring CMHC insured financing, the higher premium will result in an increase of approximately $ 5 to their monthly mortgage payment.

Some states are fairly lenient on their requirements, and others require a high amount of coverage that can even be comparable to the monthly payments you make on the vehicle itself.

Requires device or SIM kit purchase and activation of new line with payment on $ 35 or higher monthly plan.

A higher - earning spouse is required to pay the lesser - earning spouse a monthly payment equal to 40 percent of the difference between their wages if there are no children, or 30 percent of the difference between their wages minus child support payments.

«The new «stress test» rules require that borrowers qualify for mortgages at interest rates 2 per cent higher in order to still afford their monthly payments should interest rates rise,» said Roberts.

While the monthly payment will significantly depend on the duration of the loan term (eg: shorter term loans will typically have higher monthly payments), nearly every Private Hard Money Loan will require some type of monthly payment in the range of 0.3 % to 1 % of the total loan balance, per month.

A HELOC's interest rates are usually higher than a first mortgage loan and require monthly loan payments.

Adding unnecessarily high minimum down payment requirements will only exclude hundreds of thousands of buyers from home ownership, despite their creditworthiness and proven ability to afford the monthly payment, because of the dramatic increase in the wealth required to purchase a home.»