Sentences with phrase «to pay more in interest»

However, whenever you make lower payments or extend your repayment period, you will likely pay more in interest over time — sometimes significantly more.

However, whenever you make lower payments or extend your repayment period, you will likely pay more in interest over time — sometimes significantly more.

A longer term, however, means paying more in interest charges.

Those who wish to borrow money — people, corporations, governmental bodies — have to pay more in interest in order to do so.

A longer student loan term will mean paying more in interest over time and could come with a higher interest rate.

For instance, you might enjoy lower monthly payments, but extending payments out over 20 years usually means paying more in interest overall.

Probably pay more in interest on the additional money borrowed for fuel saving tech than what they saved in fuel cost unless there is exceptional fuel savings over long period of time.

You could even end up paying more in interest if you stretch out the loan term too long.

You will, however, wind up paying more in interest because you will be repaying the loan for a longer time.

On the flip side, you will pay more in interest with a fixed - rate when compared to the initial interest rate with an adjustable - rate mortgage.

• If you roll over the loan and push the payday back, you'll pay more in interest rate costs.

Keep in mind, though, that a longer a repayment term means you'll be making more payments as well as paying more in interest over the life of the loan.

If you're paying interest on credit card debt, a rewards card might not be for you, since you're probably paying more in interest than you're earning in rewards.

However, keep in mind that because of compound interest, the lower payments early on mean you'll be paying more in interest fees over the life of the loan.

However, the lower monthly payment comes at a cost of paying more in interest over the life of the loan.

And be sure you'll be able to pay off what you charge — you don't want to end up paying more in interest just for the sake of convenience or rewards.

Over time, a real estate buyer typically pays more in interest to their mortgage lenders than the original purchase price paid to the property seller.

You might end up paying more in interest charges over the repayment term, but you can still pay off your loans in just 10 years, rather than 20 or 25.

It is amazing to think that over a 30 - year loan that 15 — 20 of those years are spent paying more in interest than in principal.

In other words, you'll pay more in interest alone than the original balance amount.

To avoid paying more in interest than you need to, follow this advice to get the best interest rate on a private education loan.

They are now paying more in interest, over a longer period of time!

Over the course of a lifetime, a person with a poor credit score will pay more in interest payments and fees.

In that case, refinancing your mortgage with a longer - term loan will mean you'll again pay more in interest — and increase your tax deduction.

If you don't pay off the entire card by the next statement, you'll be stuck paying more in interest than you intended.

However, because you're stretching your repayment period over two decades or more, you'll likely pay more in interest over the life of your loan.

You'd have paid more in interest in 1980 than you would've today.

You can also extend the term of your loan, at the same interest rate, which could lower your monthly payments but could mean you end up paying more in interest overall.

You will end up paying more in interest on a monthly basis and for your entire loan term, but you also have the benefit of keeping your cash in the bank.

On the other hand, you'll probably end up paying more in interest if you opt for federal loan consolidation.

With reduced monthly payments you will have to pay more in interest charges in the long run.

That means you'll end up paying more in interest because your principal balance did not go down.

You'll pay more in interest with an interest only mortgage, but it can be favorable for those who are looking for flexibility in their cash flow.

Aren't we going to end up paying more in interest rates?

While a longer repayment period means that you'll be paying small and affordable amounts every month, you will end up paying more in interest fees.

Be cautious about extending your payment period because, while a lower monthly payment may be enticing, you may end up paying more in interest for longer terms.

Keep in mind, however, that taking longer to repay the loan may mean paying more in interest over time.

There really isn't a point to pay more in interest just to consolidate your debt.

Note that if you tack extra years onto your loan, you might end up paying more in interest overall.

Also, borrowers who extend the life of the loan to lower their monthly payment will likely pay more in interest over the life of the loan.

While getting approved for a lower interest rate could save you money on interest, you'll still pay more in interest over the life of your loans if you opt for a longer repayment period and lower payments.

You may end up paying more in interest even though you secure a lower interest rate.

Longer loans mean lower monthly payments, but you'll pay more in interest by the time the car is fully paid off.

Lengthening the loan term and paying more in interest applies to your mortgage, too, and originating a new home loan means incurring new fees.

If I'd been up to my eyeballs in hock, I would have been paying more in interest immediately!

Investing this way has two advantages: five - year terms almost always pay more in interest than one - year terms and conveniently, this strategy allows the Minellis to have access to 20 % of their money every year.

The graduated income rises the most, so it evens out to still be only 120 payments, but because I'm paying less of the principal down towards the beginning of my loan I end up paying more in interest compared to standard repayment.

Aside from paying more in interest fees, you will also be subject to penalty fees of up to $ 37 if you have a late payment, and $ 27 if you have a returned payment.

It's so convent transferring and seeing it with my other accounts I would have gladly paid more in interest with my previous car loans just for the convince of paying online the way this account is setup.