Sentences with phrase «shortened repayment term»

One drawback of refinancing with RISLA is the shortened repayment term, extending no longer than 15 years.

The fixed interest rate options with the lender are more cost - effective than other private lenders, but the shortened repayment term may be an obstacle for some borrowers.

Recent graduates who used this strategy refinanced into loans that shortened their repayment term by an average of 3 years, 11 months.

Contrarily, you also have the option of shortening your repayment term, so you have the option to take the fast track to repayment.

If you can handle the monthly payments, you could shorten your repayment term and pay your loan off faster.

Some do it to shorten their repayment term, or to convert some of their home's equity into cash.

For instance, you might be able to get a much lower interest rate and shorten your repayment term.

Much like homeowners who may refinance their mortgages and extract dollars to remodel the kitchen, school districts refinanced bonds, often securing lower interest rates, shortening the repayment term and taking out cash.

If you can handle the monthly payments, you could shorten your repayment term and pay your loan off faster.

When going through private lenders, student loan consolidation and refinancing offers a way to reduce your interest rate and extend or shorten your repayment term.

Contrarily, you also have the option of shortening your repayment term, so you have the option to take the fast track to repayment.

Whatever extra money you can throw at your student loans now will shorten your repayment term and save you money in the long run.

Not exact matches

While borrowers can't voluntarily lengthen their repayment terms, they can choose to shorten them by paying more than the minimum payment.

This is done for different purposes: for repaying the mortgage sooner, for lowering the monthly payments by extending the repayment period or by obtaining a lower rate, for saving money by shortening the loan term or reducing the interest rate, etc..

Prepayments get made when it is advantageous to the borrower, which not only pays off principal today, but shortens the term of the loan, which accelerates the normal repayment of principal.

With a new repayment term, student loan debtors can choose whether to extend or shorten their term — the former would reduce and the latter would increase the monthly payment.

In practice, these companies assured borrowers that they would help them shorten loan terms and reduce monthly payments through loan forgiveness or income - driven repayment programs.

This assumes you don't lengthen or shorten your mortgage repayment term.

While borrowers can't voluntarily lengthen their repayment terms, they can choose to shorten them by paying more than the minimum payment.

You would also be shortening your mortgage repayment term.