Sentences with phrase «to change during the life of the loan»

If you're refinancing from an adjustable - rate loan, be aware that your interest rate won't change during the life of the loan in a fixed - rate mortgage.

Adjustable - Rate Mortgage (ARM) A mortgage with an interest rate that changes during the life of the loan according to movements in an index rate.

Adjustable - Rate Mortgage (ARM) is a mortgage where the interest rate is not fixed, but changes during the life of the loan in line with movements in an index rate.

This means that your interest rate will never change during the life of your loan.

Adjustable - Rate Mortgage (ARM) An ARM is mortgage with an interest rate that changes during the life of the loan according to movements in an index rate.

The rate changes during the life of the loan based on movements in an index rate, such as the rate for Treasury securities or the Cost of Funds Index.

The interest rate depends on your credit profile, and it usually doesn't change during the life of the loan.

The EIR never changes during the life of the loan.

Adjustable - Rate Mortgage (ARM) A mortgage with an interest rate that changes during the life of the loan according to movements in an index rate.

However, the interest rate can change during the life of the loan.

That's because, the interest rate in an ARM — as its name suggests — can change during the life of your loan.

Under this FHA - insured mortgage product, the initial interest rate and monthly payment are low, but these may change during the life of the loan.

Selling loans is a common practice among lenders, so the bank you make your payments to may change during the life of the loan.

A fixed APR loan has an interest rate that is guaranteed not to change during the life of the loan or credit facility.

The interest rate depends on your credit profile, and it usually doesn't change during the life of the loan.

A fixed interest rate is set at the time of application and does not change during the life of the loan

Lifetime: The amount the rate can change during the life of loan.

And unlike federal loans, private loans often come with variable interest rates, which means you'll monthly payment can change during the life of the loan.

A fixed interest rate is set during the time of application and does not change during the life of the loan, whereas a variable interest rate may change quarterly during the life of the loan.

The initial monthly payment and interest rate are low under this FHA - insured mortgage product, but these may change during the life of the loan.

The initial monthly payments and interest rate are low with a FHA adjustable rate mortgage (ARM), but these might change during the life of the loan.

The home equity loan rate will be fixed, meaning it will not change during the life of the loan.

A fixed interest rate is set during the time of application and does not change during the life of the loan.

The fixed interest rate is set at the time of application and does not change during the life of the loan.

A Fixed Rate Mortgage may be a good choice if you plan to stay in your home for an extended period and want the «peace of mind» of knowing your interest rate and monthly Principal and Interest Payment will never change during the life of the loan.

The EIR never changes during the life of the loan.