Sentences with phrase «to determine one's interest rate»

Once the mobile home loan is approved, the amount of the down payment determines the interest rate offered.

Once the manufactured home loan is approved, the amount of the down payment determines the interest rate offered.

Credit card companies use it as an economic indicator for determining the interest rate on its variable rate credit cards.

However, not everyone understands how banks and car loan lenders determine interest rates for car loans and what can be done to get lower rates.

Your credit score will be a big factor in determining your interest rate on a credit card or loan.

Most people think that the lender determines the interest rate of your mortgage.

The lender looks at your savings patterns, investments, employment history, growth potential, and credit score when determining your interest rate.

An index that is used to determine interest rate changes for certain adjustable - rate mortgage (ARM) plans.

Lenders also determine interest rates based on how much money they have to lend you.

Your credit score determines your interest rate for the life of a loan and, ultimately, how much you will pay.

With each increase, banks have been quick to hike their prime rate, which determines interest rates on credit cards and variable - rate loans.

Banks determine the interest rate based on the perceived risk of each cardholder.

This rate determines the interest rate on all sorts of loans including private student loans and the refinancing of those loans.

However, other factors will also go into determining the interest rate on private student loans.

As noted earlier, your credit rating affects your ability to obtain credit and may even determine the interest rate at which credit can be obtained.

Below is an overview of how a bank determines the interest rate for consumers and business loans.

Approved loan applicants are assigned a credit rating, which determines the interest rate charged on any loan they receive, and provides clues to investors about how risky a borrower that person is.

It also partly determines the interest rate you receive from the lenders.

Lenders often determine the interest rate based on your credit history and the information in your loan application.

Get your credit ready, because your scores will largely determine the interest rate on an auto loan or lease.

Credit scores will be used primarily to determine your interest rate rather than your approval.

Since different private lenders take slightly different criteria into consideration while determining interest rates, private student loan refinancing requires more effort and research (as opposed to federal loan consolidation).

In addition, this three - digit number determines your interest rate and monthly payments on credit cards, mortgage rates and other forms of credit.

Let's take a closer look at what determines the interest rate on various types of loans.

Your lender uses this index to determine interest rate flexibility.

A credit card firm determines the interest rates charged to you by your credit history — your ability to repay a loan.

We know that the bond yields mostly determine the interest rate on the fixed rate mortgage.

Divide the interest rate by 12 to determine the interest rate per month.

Your credit score not only determines the interest rates you'll get, but also whether or not you'll be approved for these loans.

It's important to understand that the state of the economy determines interest rates.

It is taken for granted that the government determines interest rates, and that household and business sectors respond accordingly.

The lowest bid rate which all shares can be sold at par determines the interest rate.

However, do your research beforehand, using a tool like a mortgage calculator to determine the interest rates available from competing lenders.

The actions of these secondary market financial investors collectively determine the interest rate on your loan.

It's not just one of these factors — it's the combination — that together determine your interest rate.

Once the mobile home mortgage is approved, the amount of the down payment determines the interest rate offered.

Once the mobile home financing loan is approved, the amount of the down payment determines the interest rate offered.

The personal automotive lenders will consider your credit score, down payment, and debt - to - income ratio when determining the interest rate to charge.

An index used to determine interest rate changes for certain adjustable rate mortgage (ARM) plans.

Your credit report and credit score help determine the interest rates lenders are able to offer you when making major purchases such as buying a vehicle or home.

It will also determine your interest rate for that line of credit.

Your credit score determines your interest rate, loan choices and your minimum down payment.

There are at least 21 criteria that goes into determining your interest rate.

It also partly determines the interest rate you receive from the lenders.

Credit card issuing agencies, for instance, often determine the interest rate and fees that they will charge based on credit score.

Get your credit ready, because your scores will largely determine the interest rate on an auto loan or lease.

As your credit score, which determines the interest rates on your loan, is drawn up from your credit report make sure that you regularly check the reports and fix any errors found.