Sentences with phrase «sharply higher payments»

Sharply higher payments in future periods can result

Adjustable rate and interest - only loans provide lower rates and payments now, but can result in sharply higher payments in future years.

Not exact matches

For instance, a fixed - rate mortgage typically gives you a higher starting rate but also the security that your monthly payments will remain the same, whereas an adjustable rate mortgage's interest rate often starts lower but could spike sharply and leave you scrambling.