Sentences with phrase «usually pay less interest»

Studies have shown that, despite the popularity of fixed rate mortgages, Canadians usually pay less interest with variable mortgage products.

You'll usually pay less interest on a savings - secured loan than you would on an unsecured personal loan.

Not exact matches

First, you can usually get an interest rate deduction of 0.25 % — which can help you pay less on your loans over time since they'll accrue less interest.

Mathematically, you'll usually pay off your debt more quickly — and with less interest — if you go this route.

Credit union checking and savings accounts often pay more interest and, loans usually charge less.

Most interest checking accounts, on the other hand, employ a tiered rate structure which usually pays interest rates that are close to zero (0.50 % or less) for the balance of only a few thousand dollars.

A solid credit rating makes loan approval easier, and it usually means paying less in interest to boot.

Lower Total Interest Rates: Mortgages usually have low - interest rates, which make debt consolidation in Vaughan a great way to pay less in Interest Rates: Mortgages usually have low - interest rates, which make debt consolidation in Vaughan a great way to pay less in interest rates, which make debt consolidation in Vaughan a great way to pay less in the end.

Business sense would usually indicate that if interest rates rise, a Step - Up CD will less likely be called — if the interest rate to be paid is less than a current rate for the same term.

The interest you pay is usually a lesser amount than that of the fee you would pay for repaying your advance all at once.

The reason for this is that you are able to borrow a larger sum of money than most other loans offer and you will usually pay a lower interest rate than with other lines of credit or other loans because there is less risk for your lender.

The interest rate on a 15 - year loan is usually a little lower and, more importantly, you'll pay less than half the total interest cost of the 30 - year mortgage.

You usually do pay less interest as time goes on since the principal is going down as well, but I didn't expect a 57.4 % decrease in interest paid.

You'll usually pay lower annual fees and less interest, either from the day of purchase or the day your monthly statement is issued.

• Because the cost of a mortgage is calculated as an annual interest rate, and you are borrowing the money for half as long, you will much less to borrow money for 15 years — usually less than half of what you'd pay over 30 years.

After those initial few months, the cost of the balance transfer will usually be less than the total amount paid in interest.

If paying by credit card, check if the insurer or provider charges a fee for doing so — though the fee is usually less than the interest charged on monthly instalments.

The interest paid on savings is usually far less than interest charged on borrowing, so paying off debts with any savings is a serious boon.

Shorter - term loans also incur higher interest rates because you will be paying less interest since short - term loans usually have lower loan amounts and shorter time periods.

Your student loans may have a high interest rate, but if you have good credit, you can usually consolidate your loans for a lower rate, which means you'll be paying less money in the long run.

And, while the monthly payments are somewhat higher than a 30 - year loan, the interest rate on the 15 - year mortgage is usually a little lower, and importantly - the homebuyer pays less than half the total interest cost of the traditional 30 - year mortgage.

This is achieved by paying a small fee, usually somewhere between 200 and 500 dollars and the consenting lender and loan servicer will keep the loan term and interest rate the same but by re-amortizing the existing mortgage using the new and reduced loan amount, the resulting payment is less.

Usually, you will have to pay a fee in order to process a balance transfer — just make sure that this fee is less than the money you plan to save by the reduced interest rate.

An «Accelerated Biweekly Payment» plan usually refers to a strategy for paying off your mortgage early and paying less interest overall.

Student loans from the private sector usually carry interest, and the less credit you already have, the more you are likely to pay in interest.

You usually have to pay an up - front fee for this convenience, but that fee may cost you a lot less than what you would owe in interest if you didn't do it.

Even though you will pay interest, and perhaps fees, those costs are usually substantially less than a payday loan or bouncing cheques.

But interest rates are sometimes less competitive, and loans usually need to be paid back within a few years, rather than a few decades.

A solid credit rating makes loan approval easier, and it usually means paying less in interest to boot.

The interest paid by the borrower, less a small servicing fee usually 1 % which is fully disclosed prior to investment, is paid each month to the investor in direct relation to the size of his investment in the particular note.

Although, you may end up paying a slightly higher interest rate, seller financing will usually be far less costly than conventional financing because sellers won't charge points, loan origination and processing fees.

You can also explore a money market account from a bank, discount brokerage house or other financial institution, which also pay little interest, usually around 1 percent or less.