Sentences with phrase «than one's current loan»

The ideal option is to get a loan that is a lower interest rate than your current loan, but sometimes this isn't always the case.

Our home equity financing option allows you to refinance into a new loan with a larger loan amount than your current loan, and have the difference paid to you.

A note settlement is where an individual negotiates with the lending institution to buy the current note for less than the current loan amount.

A cash - out refinance is when a loan is taken out on a property already owned, with a loan amount that is larger than the current loan payoff (plus the costs of the transaction).

Your new loan payment will be calculated at your new interest rate on the remaining term of your current loan or if desired to an available loan product with a term equal to or less than your current loan term.

The flexibility to register the collateral charge for a higher amount than the current loan agreement.

Many applicants are offered lower interest rates than their current loans as they now have a job and are more creditworthy.

Cash - Out Refinance When a borrower refinances his mortgage at a higher amount than the current loan balance with the intention of pulling out money for personal use, it is referred to as a «cash out refinance.»

A rate and term refinance with a slightly lower payment and / or a longer term, particularly when the new loan term is considerably longer than the current loan's remaining term, evidences desperation and may be too risky for prime financing.

A downside here: The loan you exchange your precious 3.25 percent rate for is likely to cost at least 1 percentage point more than your current loan.

If there's a loan out there that offers a lower rate than your current loans, you'll hear about it.

If you refinance for a higher amount than the current loan you may also get rid of other debt like credit card balances which have a lot higher interest rates.

Banks are direct lenders and may be able to get you a better interest rate than your current loan.

When you factor in closing costs and fees, the new loan, even if it is a slightly lower rate than your current loan, may not make financial sense.

When shopping for student loan refinancing options, your goal is to pay less interest than your current loans.

After visiting a comparison site, they pick two loans that charge a lower interest rate than their current loan.

Shop around to find a home loan that offers a lower interest rate than your current loan.

Most of the time, when people choose a rate refinance, they are opting for a lower interest rate than their current loan.