Sentences with phrase «time than the variable rate»

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.

Not exact matches

Such rates will generally be higher than what home buyers currently pay, not only because banks now offer substantial discounts from posted rates, but also because many buyers (40 % according to a July 2011 TD Bank report) take mortgages with variable rates, which are lower than fixed rates at least 85 % of the time.

Variable rates can be much lower than fixed rates, but they can change over time.

The only problem with variable rates is that they can go as long as more than the time period of the loan.

Variable rates tend to be lower than fixed rates at the beginning, but they could go up or down over time.

Dr. Bawumia would have to compute complex mean rate variables for the two periods he is comparing rather than try to use two arbitrary points in time to make his point.

These loans can start with a lower initial interest rate than a fixed - rate loan, but the interest rate is variable and can possibly rise after a set period of time, leading to higher monthly payments.

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

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

Keep in mind, these rates are variable so, by the time the go - to APR kicks in, the interest rate may be higher than when you initially signed up.

Variable interest rates are typically lower than fixed interest rates but may turn to be higher over time if market conditions worsen.

Variable rates can be much lower than fixed rates, but they can change over time.

historically, given that prime rate was x %, what was the probability that fixed would fare better than variable over the next finite time period?

Variable rates start lower than a fixed rate but are tied to a market index (in our case, 1 month LIBOR) so they go up and down over time as that index changes.

You've probably tossed the idea of a variable rate mortgage, as it appears (I don't predict the future) rates will begin rising steadily within the next year, and could be considerably higher than today the first time your rate re-sets.

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

Variable interest rates are often lower than fixed rates, but they have the ability to increase over time with the market (With LendKey I was offered 5.18 % variable or 7.2 %Variable interest rates are often lower than fixed rates, but they have the ability to increase over time with the market (With LendKey I was offered 5.18 % variable or 7.2 %variable or 7.2 % fixed).

While the variable - rate offers are lower than the fixed - rate offerings, the Bank of Canada has raised its influential overnight rate target — which affects variable rate mortgages — three times since last summer and suggested it is on the path to higher rates.

While a variable rate may be lower than a fixed rate, it is important to keep in mind that there are risks associated with a variable rate because rates could increase at any time.

If your loan has a variable or combination rate, the rate can not be adjusted more than once per quarter, or four times per year.

Based on this recent announcement, and the anticipation that the prime rate will still remain low for at least until the end of 2016 unless you feel otherwise, I'd recommend that you remain with your current variable rate product as the interest is lower than most fixed term rates at this time.

Variable loan rates tend to start out lower than fixed loans, but they can increase over time, leading to higher interest costs.

The initial interest rate offered may be slightly higher than comparable variable rates, but the lender can not change the interest rate charged on the loan, no matter what takes place with interest rates in the market over time.

Variable interest rate can be lower than federal student loan rates, but over time, they may increase as broad interest rates rise.

Rather than a set interest rate which varies only slightly over time, a variable universal is indexed to the S & P 500.

According to the Laurel Road website, the variable rate may go up at any time, but will never be more than nine or 10 percent, depending on the repayment term you choose.

A variable rate loan usually offers a lower initial interest rate than a fixed rate student loan, but because the rate can fluctuate over time, it also presents a greater risk.

That is applicable if only you are interested in a less than five years fixed mortgage (most of the time) or a variable rate mortgage.

«However, Fig. 15 and the associated uncertainties discussed in Section 3.4 show that long term estimates of time variable sea level acceleration in 203 year global reconstruction are significantly positive, which supports our previous finding (Jevrejeva et al., 2008a), that despite strong low frequency variability (larger than 60 years) the rate of sea level rise is increasing with time.»

«long term estimates of time variable sea level acceleration in 203 year global reconstruction are significantly positive, which supports our previous finding (Jevrejeva et al., 2008a), that despite strong low frequency variability (larger than 60 years) the rate of sea level rise is increasing with time.»

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).