Sentences with phrase «than fixed rate loans»

Variable interest rate loans are usually offered at lower rates than fixed rate loans, but can be risky because the student loan rates could rise significantly in the future.

In this scenario, you can see that the monthly payments, interest paid, and total loan payments are all significantly lower than the fixed rate loan.

Usually, variable rate personal will charge less interest than a fixed rate loan that is opened at the same time.

Once again, that would make the variable rate loan less attractive than the fixed rate loan.

The upside of a variable rate loan is that you might pay less in interest than a fixed rate loan if the index rate stays low.

Also, a benefit of this option is that your risk is limited because your rate adjustment is capped at 5 % which is about 1.5 % higher than fixed rate loans today.

Variable interest rate loans are usually offered at lower rates than fixed rate loans, but can be risky because the student loan rates could rise significantly in the future.

However, variable rate loans can sound scary up front, even though their interest rates are typically lower than a fixed rate loan.

Adjustable rate mortgages, or commonly known as ARMs, can generally offer you lower starting interest rates and corresponding monthly payments than our fixed rate loans.

You would pay $ 2,240.85 less over the life of this loan than the fixed rate loan.

HELOCs generally have variable interest rates which are generally riskier to the borrower than fixed rate loans.

Variable rate loans start off with lower interest rates than fixed rate loans with similar repayment periods; however, the interest rate fluctuates as the interest rate of the base index changes.

ARMs operate differently than fixed rate loans.

While the interest rate and / or monthly payment amount for variable rate loans will initially be less than fixed rate loans, the longer the deferment period and repayment term, the greater the opportunity for variable interest rates and monthly payments to fluctuate.

Also known as a variable rate loan, an ARM usually offers a lower initial rate than a fixed rate loan.

ARMs can generally offer you lower starting interest rates and corresponding monthly payments than our fixed rate loans.

A variable rate loan tends to start out with a lower interest than a fixed rate loan, but the fluctuation in a variable rate loan can eventually lead to the interest being higher.

Initially, ARMs can be as much as two percentage points lower than fixed rate loans, which translates into major savings in the first years of your loan term!

While the monthly payment amount for variable rate loans will initially be less than fixed rate loans, the longer the repayment term is, the greater the opportunity for variable interest rates and monthly payments to fluctuate.

The average student loan interest rate for variable rate student loans tends to be lower than fixed rate loans, at least initially.

Generally, variable rate loans have lower interest rates than fixed rate loans.

ARMs generally have lower interest rates than fixed rate loans.

Tend to offer a lower initial rate than a fixed rate loan, but if the interest rate rises it may end up costing more over the life of the loan.

Then a variable rate may be best for you as the monthly payments will generally start off lower than a fixed rate loan.

The average student loan interest rate for variable rate student loans tends to be lower than fixed rate loans, at least initially.

They generally have lower starting interest rates than fixed rate loans, but the interest rate and payment amounts can change over time.

Also, with a variable rate loan you tend to get a lower rate than a fixed rate loan.

You can likely get a lower rate than a fixed rate loan, but it might change over time.

Today, many first - time buyers who have difficulty qualifying for a home loan, still settle for adjustable rate loans because the initial, «teaser» interest rate of the mortgage is normally two or three points lower than a fixed rate loan.