With fixed - rate jumbo loans, buyers can currently lock in competitive rates and
stable monthly payments for years to come.
This means that instead of contributing to a portfolio, retiring and then seeing how long the pot of money lasts, you can contribute, retire and then get
a stable monthly payment for life.
Not exact matches
Looking
for stable monthly payments?
A fixed - rate loan provides the most
stable monthly payment because the interest rate stays the same
for the life of the loan.
That also makes it an alternative
for consumers who would prefer a
stable monthly payment than worrying about unexpected repairs on older model used vehicles, he said.
This grace period allows the borrower to look
for a job and become more financially
stable before they begin making
monthly payments.
If you don't have the
stable income to cover the
monthly payments for the duration of the loan, it will be crucial to have enough Liquid Cash On Hand to cover at least 6 - 12 months of
payments.