Sentences with phrase «result in a higher interest rate overall»

Not exact matches

If you have a great deal of high interest rate debt, increasing the size of your fixed rate mortgage with a refinancing (even if you end up with a slightly higher mortgage rate than what you currently have) may result in lower overall interest costs.

This option will result in a lower overall cost for your debt repayment, since you will be eliminating the debts in order of highest interest rate.

The catch with debt consolidation is that it can result in paying a higher overall interest rate than if you had kept your loans separate.