Sentences with phrase «secure lower interest rates because»

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The real reason I bought a new car was because not only was the interest rate lower but it came with insurance for if I lost my job they would cover my payments (USAA) I thought this was real important since Im young and im not really secure in any job that I've had.

«Typically, a home equity loan has a lower interest rate because you're securing it with your home,» said Fleming.

This is because small businesses lending has been migrating to low - interest rate loan products, such as residentially secured loans.

Not that much higher because they're still secured by a home (the home as collateral), the interest rates people typically pay on them are lower than those of nearly any other sort of borrowing.

We're left with a two - tier society: those who managed to raise a deposit, secure a mortgage, buy a house and enjoy low interest rates, and those without a brick to their name, unable to save because of the cost of living within a reasonable distance of their job.

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

Because collateral reduces the lender's exposure to the risk of default, secured personal loans have lower interest rates than their unsecured counterparts.

However, because the loan is secured, you can expect much lower interest rates than on unsecured loans.

Because the money is locked away, this type of credit - builder loan is considered a secured loan and typically comes with a lower interest rate than an unsecured loan.

Whichever source of funds you decide to use, secured lines of credit provide both great flexibility for solving cash flow difficulties and at the same time inexpensive financing because they charge low interest rates and provide high credit limits with low minimum payments letting you decide how and when you want to repay the money you withdraw in full.

Secured Business loans on the other hand do require collateral but they have lower interest rates and longer repayment programs since the lender doesn't have to worry because he can always claim his money by taking legal actions to repossess the asset guaranteeing the loan.

Because a home equity line of credit is secured by your home, meaning the lender could foreclose on your home if you defaulted on your loan, you can usually obtain a lower interest rate on a HELOC than you'd get with a personal line of credit.

Wells Fargo customers who take out secured loans do so to obtain a lower interest rate or because they couldn't qualify for an unsecured loan.

Because secured loans are less risky for lenders, they typically have lower interest rates than unsecured loans.

Because of the guarantee, lenders are more secure with the loan, and can offer lower long - term fixed interest rates and fewer points.

The Orchard Bank secured card is a popular choice because of its low annual fee and reasonable interest rate.

Just because secured credit cards are intended for those with low credit scores, doesn't mean they have limited options, In fact, the best secured credit cards can also have no annual fees, low interest rates, or even reward programs.

The reason this card is ideal is because it has a lower interest rate than many of the other secured cards out there.

Even when securing a debt consolidation loan with bad credit, the loan sum is enough to clear all of the card balances and because the interest rate is smaller, and the loan term is longer, the size of the required monthly repayment is much lower than the combined minimum repayment sums.

Because a HELOC is a secured loan which uses your home equity, the interest rate will be particularly low.

Home equity loan or lines of credit: A home equity loan or line of credit can offer a lower interest rate than most personal loans because it is secured by your home.

Because mortgages are traditionally the least expensive form of borrowing (because the loan is secured by your house), you might be able to borrow at a low interest rate to repay your higher interest rate credit card and otherBecause mortgages are traditionally the least expensive form of borrowing (because the loan is secured by your house), you might be able to borrow at a low interest rate to repay your higher interest rate credit card and otherbecause the loan is secured by your house), you might be able to borrow at a low interest rate to repay your higher interest rate credit card and other debts.

A number of homeowners go for refinancing when they find an opportunity to secure lower interest rates — because that could mean huge savings.

Because those 3 - digits are the gateway to you securing a low - interest rate on all sorts of consumer products, including financing a car, buying a house, getting credit cards, securing personal loans, and more.

But it typically carries a lower interest rate because the line of credit is secured by your home equity.

Because senior debt has a relatively secure claim, it is less risky from the point of view of the lender and, thus, pays a lower rate of interest compared with debt of the same issuer having a subordinate claim.

Generally, secured credit lines charge lower interest rates because the collateral secures the lender's interest.

Interest rates for both HELs and HELOCs are lower than unsecured loans or credit cards because they are secured by your property.

The interest rate is usually low, because the loan is secured by the home.

The interest rate second mortgage will be lower because credit card debt is riskier and a mortgage is secured which will have a lower interest rate.

Because this means the bank can take the money in your CD if you default, the interest rate on CD secured loans tends to be lower.

A number of homeowners opt for refinancing when they find an opportunity to secure lower interest rates — because that could mean huge savings.

Lenders prefer secured loans — because of their limited financial exposure in the event of non-payment of the consolidation loan — and these types of loans typically have lower interest rates.

Often, because these people are seen as more financially trustworthy, they are able to secure lower interest rates than they were initially given.

Secured loans typically have lower interest rates because if you can't pay back your loan, lenders have a way of recovering at least some of the cost.

Because a HELOC is secured by the value of your house, it has a much lower interest rate than a credit card.

A cash - out refinance often has a lower interest rate than other types of loans because it's secured by your home and because it's considered a first mortgage.

Because the loan is secured by your home, and because it's considered a first mortgage, a cash - out refinance typically has lower interest rates than other forms oBecause the loan is secured by your home, and because it's considered a first mortgage, a cash - out refinance typically has lower interest rates than other forms obecause it's considered a first mortgage, a cash - out refinance typically has lower interest rates than other forms of debt.

Positive for Secured Debt: — Lower interest rates are on secured debts, such as your home and car loans — because creditors see you as a «low - risk» — since they have a guarantee of pSecured Debt: — Lower interest rates are on secured debts, such as your home and car loans — because creditors see you as a «low - risk» — since they have a guarantee of psecured debts, such as your home and car loans — because creditors see you as a «low - risk» — since they have a guarantee of payment.

The interest rate is typically lower because the loan is secured.

Interest rates are generally lower if you have a good credit score and if your loan is secured by valuable collateral, such as a house, according to the Minneapolis Federal Reserve, because the lender has a lower risk of losing the money it lends you.

With a CPB Auto Loan, you get a fixed interest rate and a fixed monthly payment to help budget your expenses; and because the loan will be secured by your automobile, rates are typically lower than a comparable Personal Loan.

That's interesting because the historical CMBS cumulative default rate for loans with collateral secured by properties with less than 50 units is lower than properties with more than 50 units.