Sentences with phrase «variable rate by»

I was encouraged to get a 2 year fixed then variable rate by the lender.

Set your payments higher than your current variable rate by 10 - 20 %.

Lenders calculate variable rates by giving borrowers either a smaller fixed rate called a margin rate or a smaller range of set rates — usually between 2 % and 10 % — and adding it to a benchmark rate like LIBOR or the Wall Street Journal Prime Rate.

The most competitive lenders — typically those that work with independent mortgage brokers and specialize in mortgage lending — raised their rates by 0.15 % to 0.25 %, while some major banks increased their variable rates by as much as 0.25 %.

Lenders calculate variable rates by giving borrowers either a smaller fixed rate called a margin rate or a smaller range of set rates — usually between 2 % and 10 % — and adding it to a benchmark rate like LIBOR or the Wall Street Journal Prime Rate.

Lenders calculate variable rates by adding the fixed percentage you're approved for to an underlying benchmark rate that changes periodically.

Private student loan providers typically calculate variable rates by giving borrowers a low fixed interest rate and then adding it to a baseline rate like LIBOR or the Wall Street Journal's Prime Rate.

(Borrowers could lock in the variable rates by consolidating their loans.)

Not exact matches

Case in point: In mid-September, three weeks before Morneau tabled his rules, credit reporting agency TransUnion estimated that hundreds of thousands of Canadians carrying variable rate subprime mortgages could be significantly impacted by interest rate increases of even 25 basis points.

But if you have a private loan, those loans may be fixed or have a variable rate tied to the Libor, prime or T - bill rates — which means that as the Fed raises rates, borrowers will likely pay more in interest, although how much more will vary by the benchmark.

In addition, both variable and fixed - rate mortgage rates have risen over the past year as a result of moves by the Bank of Canada and fluctuations in the bond markets.

Because the interest rate is a weighted average and rounded up, borrowers won't ever save money on interest by opting for a federal consolidation loan unless the loans are pre-2006 and have a variable interest rate.

They require fixed - rate interest in the first few years of the loan followed by variable rate interest after that.

Borrower 2 saved almost $ 5,000 by going with a fixed rate on Loan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate loan.

While private lenders also offer fixed - rate loans, you can often get a lower rate with a private lender by taking out a variable - rate loan.

Variable - rate mortgages and new mortgage loans will be affected by rising interest rates.

For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed - rate.

SoFi allows borrowers to choose between a fixed rate or a variable rate, an option that isn't offered by Avant and the majority of other personal lenders.

But of the inputs, one variable is by far the most important: the discount rate, which is tied to the market interest rates Buffett has been talking about.

We'll start by singling out two of the most important variables associated with a convertible note — the valuation cap and discount rate — and then will see how these two interact.

Some borrowers may be lured by the variable interest rates offered by private lenders since they are often lower than the fixed interest rates available.

In that case, the number of bookshops, which is a systems output — generated organically by the size of the city, the rate of literacy, the income of residents, and other relevant factors — would serve as a proxy for literacy, while population or income would serve as proxies for whatever variable one wants to measure.

First, the interest rates applied to private student loans are set by the lender, not the federal government, and may be either fixed or variable.

However, it can increase or decrease at any time — variable rates fluctuate in time with industry rates set by global financial institutions.

Variable rate student loans are a common product offered by private lenders to borrowers looking to take out a new student loan or refinance their existing student debt.

The Fund's income may decline when interest rates fall because most of the debt instruments held by the Fund will have floating or variable rates.

You can lower your initial rate by choosing a variable - rate loan, but that rate can still go up or down in concert with indexes like the prime rate or LIBOR.

For variable - and fixed - rate loans offered by private lenders, interest rates will typically depend on the length, or term of the loan, and the perceived credit risk of the borrower.

Indicator rates on variable - rate business loans have been largely unchanged over the past six months, although the average interest rate paid by small business borrowers on variable - rate loans — which includes indicator rates plus applicable risk margins — has continued to fall.

While variable lending rates have remained unchanged since the end of last year, fixed housing and fixed small business lending rates have both fallen from their peaks late last year, by around 20 and 15 basis points respectively.

Some mortgage managers raised their variable housing loan rate by 5 — 15 basis points, but these were still below those offered by banks.

For property investors the variable loan rate for customers with principal and interest payments will rise by 23 basis points and for investors with interest - only loans they will rise 28 basis points.

Banks raised interest rates on most categories of variable - rate loans by a similar amount to the rises in the cash rate between November 1999 and May 2000 (Table 9).

Variable Rate Demand Note Inventory and Remarketing PNC has a portfolio which approaches $ 8 billion and includes issues enhanced by letters of credit from investment grade commercial banks and insurance companies with bank liquidity facilities.

Lenders use LIBOR and the Prime Rate as baselines for variable rate loans, adding a margin on top of the benchmark rate to calculate the rate received by a consuRate as baselines for variable rate loans, adding a margin on top of the benchmark rate to calculate the rate received by a consurate loans, adding a margin on top of the benchmark rate to calculate the rate received by a consurate to calculate the rate received by a consurate received by a consumer.

As a result of the turmoil the average rate on a standard variable rate mortgage has increased by 40 basis points more than might otherwise have been the case, while the standard business borrowing rate has increased by between 30 and 60 basis points.

The former effect reflects the narrowing of margins on housing and small business loans: the rate on standard variable rate housing loans has fallen by 1.3 percentage points more than the cash rate since mid 1996; in 1998, the average variable - rate on small business loans has fallen by 0.7 of a percentage point relative to the cash rate.

New facilities included «honeymoon» loans, a wider range of fixed - rate loans and the introduction of «basic» loans at substantial discounts to the standard variable - rate home loan, with similar conditions to those offered by mortgage managers.

The predominant standard variable rate on housing loans has fallen by about 3 percentage points since early 1996, to 7.5 per cent.

In total, the standard variable rate was lowered by 1 1/2 percentage points over and above the falls that accompanied the three monetary policy easings.

Variable life insurance is also similar to whole life insurance but, instead of having a guaranteed rate of growth, the cash value of the policy can be invested in sub-accounts offered by the insurer.

Banks initially responded to the competition from mortgage managers by product innovation aimed at new borrowers, rather than cutting their main standard variable interest rates.

Mortgage interest rates can vary considerably across borrowers and are typically less than the standard variable rates (SVRs) advertised by banks.

As noted above, growth in housing lending at fixed rates has picked up appreciably in recent months, reflecting the anticipation by borrowers of higher variable interest rates.

A Fixed Annuity offers tax - deferred growth based on a guaranteed fixed interest rate, while a Variable Annuity allows you to pursue greater growth potential by investing in the market.

HOW WE CALCULATE AND DETERMINE RATES: We calculate variable rates based on the Prime Rate by using the highest U.S. Prime Rate listed in The Wall Street Journal on the last business day of the mRATES: We calculate variable rates based on the Prime Rate by using the highest U.S. Prime Rate listed in The Wall Street Journal on the last business day of the mrates based on the Prime Rate by using the highest U.S. Prime Rate listed in The Wall Street Journal on the last business day of the month.

Notwithstanding the increases seen, variable lending rates remain low by historical standards.

Refinances are almost entirely driven by mortgage rates, while purchase activity is a function of a broader set of variables including the state of the job market, demographics, and consumer confidence.»

The Hybrid also helps reduce the uncertainty of a variable rate loan by fixing the interest rate for the first five years of repayment, and then switching to a variable rate for the remainder of the loan period.

The plan includes $ 180.5 million in debt service savings for Fiscal 2018, primarily from re-estimates of debt service costs related to variable - rate bonds and the retention of state building aid revenue by the Transitional Finance Agency.