Sentences with phrase «rise over the term of their loans»

A fixed interest rate is attractive to borrowers who do not want their interest rates to rise over the term of their loans, increasing their interest expenses.

Not exact matches

Over the past year, household credit has increased by around 20 per cent, and with the value of housing loan approvals continuing to rise over recent months, there seems little prospect for a near - term slowing in the pace of groOver the past year, household credit has increased by around 20 per cent, and with the value of housing loan approvals continuing to rise over recent months, there seems little prospect for a near - term slowing in the pace of groover recent months, there seems little prospect for a near - term slowing in the pace of growth.

Dave Ellison: Given the anticipated rise in short - term interest rates, potentially lower compliance costs and higher loan growth, we may see the prices of financial stocks move much higher over the next few years.

This means the interest rate can rise or fall over the term of your loan.

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.

Because of today's historically low interest rates, our refinancing of its current debt will save Co-op City and its residents more than $ 150 million over the 14 - year remaining term of the current loan and eliminate refinancing risk should interest rates rise.»