Sentences with phrase «than a variable rate»

Fixed interest rate loans are generally more expensive because their rates are often higher than variable rate loans.

Fixed rate loans nearly always charge a higher rate than variable rate loans at the time the loan is opened.

The trade - off for this stability is that fixed interest rate loans tend to have slightly higher rates than variable rate loans.

If you are potentially thinking about refinancing and consolidating your student loans, it could be a better decision to refinance your loans with a fixed rate loan rather than a variable rate loan.

Fixed rate mortgages are portrayed as lower risk than variable rate mortgages but once judged carefully — they both are risky.

Earnings from equity - indexed annuities are usually slightly higher than traditional fixed rate annuities, lower than variable rate annuities but with better downside risk protection than variable annuities usually offer.

Typically the interest rate for fixed rate reverse mortgages is initially higher than the variable rate because these loans are more risky for the lender.

Fixed interest rates, if available, may be slightly higher initially than variable rates, but fixed rates offer stable monthly payments over the life of the credit line.

Despite this, fixed rate loans offer much more certainty than a variable rate loan because it does not change with the market.

However, the fixed rate is higher than the variable rate of a HELOC, and your closing costs will probably be higher.

Fixed rate mortgages have been more expensive than variable rate mortgages about 90 % of the time in the past 25 years.

For that reason, locking in a five - year fixed rate — though a bit higher than the variable rate right now — is the smart move.

I've never had more than a 1 term mortgage and I've never had anything other than a variable rate mortgage.

In general, fixed interest rates are higher than variable rate offers, but there is more certainty since a variable rate could change for the worse.

Rates for the Fixed - Rate Loan Option are typically higher than variable rates on the HELOC account.

While a fixed rate loan may have a higher interest rate than a variable rate, you do not have to worry about fluctuations or changes to your payment amount.

For this reason some would choose a fixed rate rather than a variable rate.

A monthly repayment schedule at a fixed interest rate affords more certainty than a variable rate.

The trade - off for this stability is that fixed interest rate loans tend to have slightly higher rates than variable rate loans.

Fixed rates are usually slightly higher than variable rates, but will remain constant over the length of the loan, so payments will not vary either.

You might pay more over time than the variable rate (assuming the variable rate wouldn't increase beyond your fixed rate), but it might be worth it for the peace of mind.

We chose this because we got a low rate (2.6 %) and it was actually cheaper than the variable rate at the time.

Contrarily, fixed rate loans are usually offered at higher rates than its variable rate counterpart.

Additionally, PenFed's personal line of credit comes with a fixed rate rather than a variable rate, which helps with budgetary certainty and is uncommon for these types of loan products.

It is lower than the variable rate that most Canadians have been paying for years.

The couple also inquired to see if they could roll their line of credit (LOC) into their mortgage to see if they could save some money doing this, as LOCs are usually 1 % (or more) higher than variable rate mortgage rates.

CommonBond offers competitive rates for their fixed - rate loans but the APR range is slightly higher than their variable rate loans.

While a fixed rate loan may have a higher interest rate than a variable rate, you do not have to worry about fluctuations or changes to your payment amount.

Fixed rates are typically a tad higher than variable rates — but they are fixed, meaning they won't go up or down over the life of your loan.

The drawback for fixed rate loans is that their interest rates are typically between 1 % and 2 % higher than variable rates to start off with.

While the interest rate may initially be higher than a variable rate, you never have to worry about it changing.

For those who plan to finish repayment over a longer period (15 - 20 years), it is less risky to choose a fixed rate loan even though the interest rate will likely be higher than a variable rate loan.

While a fixed interest rate is often higher than a variable rate, the interest rate is set for the duration of the loan and never changes.

For this reason, they are often a bit higher than variable rates.

Fixed rates generally start out higher than variable rates.

Tend to offer a higher initial rate than variable rate loans, but if interest rates rise it may end up costing less over the life of loan than a variable rate loan.

Fixed rates will never change, but they are usually much higher than the variable rate.

While the interest rate may initially be higher than a variable rate, you never have to worry about it changing.

Fixed rates are always slightly higher than variable rates, but with this kind of rate you know you will be paying the same amount of money every month until you have fully repaid the loan.

The fixed APR has more stable interest rates than variable rates.

Fixed rates are generally higher than variable rates, with the consumer paying a premium for the card's relative stability.

After a little bit of negotiating we were able to get a 4.55 % interest rate which at the time was about 0.3 % higher than the variable rate (and a few days after I locked in the variable rate increased to 4.5 %).

They have a fixed interest rate, rather than a variable rate, which makes them more economical to repay.

Because the interest rates do not change, they are seen as more safe and are typically higher than variable rates to start.

The drawback for fixed rate loans is that their interest rates are typically between 1 % and 2 % higher than variable rates to start off with.

A fixed rate is usually higher than a variable rate.