Sentences with phrase «variable rates meaning»

The possible cons of paying with a major credit card include the likelihood of high interest rates, with variable rates meaning you could end up paying more over time.

Secured loans may have variable rates meaning your repayments could increase.

Variable rate means that the dividend rate and APY on the account may change after the account is opened.

Adjustable rate CDs can be adjusted once during their duration, while variable rates mean that the rates change with the normal flux in national interest rates.

A variable rate means your APR can go up or down over time.

Not exact matches

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.

Variable interest rates usually have a «rate cap» which means that the rate is guaranteed not to rise past a certain point.

Variable interest rates can be alluring — a low initial APR can mean a lot of savings in the first few years of repayment.

Variable rates will fluctuate with the life of the loan and variable rates are currently at historic lows (2 percent range)-- meaning right now they are below federal rates (for more on this topic, see «What every borrower should know about variable - rate student loans &laquVariable rates will fluctuate with the life of the loan and variable rates are currently at historic lows (2 percent range)-- meaning right now they are below federal rates (for more on this topic, see «What every borrower should know about variable - rate student loans &laquvariable rates are currently at historic lows (2 percent range)-- meaning right now they are below federal rates (for more on this topic, see «What every borrower should know about variable - rate student loans &laquvariable - rate student loans «-RRB-.

Fixed vs. Variable Regular APR — Fixed is preferred for most people carrying a balance on a credit card since this means your interest rate won't change, but variable rates can be beneficial too as long as you understand the range on which your interest rate cVariable Regular APR — Fixed is preferred for most people carrying a balance on a credit card since this means your interest rate won't change, but variable rates can be beneficial too as long as you understand the range on which your interest rate cvariable rates can be beneficial too as long as you understand the range on which your interest rate can vary.

The variable rate of a HELOC means that the interest may fluctuate throughout your loan.

Picking a variable rate with a monthly payment that's already at the top of your budget could mean serious financial trouble if the rate goes up.

Fixed and variable rate options and no prepayment penalties mean you can potentially save extra on interest, making your rate even more competitive.

But with the Bank of Canada signaling Wednesday it won't be raising rates — its neutral stance could even mean lower rates — consumers can safely slide back into variable mortgages tied to prime which tracks the central bank rate.

If your debt has a variable rate (meaning it fluctuates with changes to an index), work on paying it off ASAP.

Fixed rates are typically a tad higher than variable rates — but they are fixed, meaning they won't go up or down over the life of your loan.

That means credit cards, home equity lines of credit (HELOCs), and other variable - rate products will get more expensive.

Going from a fixed to a variable rate also could mean you pay more overall if interest rates suddenly go up

That means that if you have variable - rate credit card or private student loan debt, your rate just went up.

The interest rate is also variable, which means it fluctuates over the life of the loan.

Dr. Bawumia would have to compute complex mean rate variables for the two periods he is comparing rather than try to use two arbitrary points in time to make his point.

For the other variables, each percent increase in the poverty rate would mean an increase of 0.35 percentage points in the boundary participation rate, each percent increase in the change of African American population over time would mean an increase of 0.75 percentage points in the boundary participation rate, and each percent increase in the share of the population that is African American would mean a decrease of 0.29 percentage points in the boundary participation rate.

Rated at 278 hp and 265 lb - ft of torque, it features direct and port injection, variable valve timing with intelligent wider intake — which means it uses the Atkinson cycle at cruising speed for better fuel efficiency and switches back to Otto - cycle when torque is necessary — and variable valve timing with intelligent exhaust.

It's a word you hear a lot from the AMG folks when talking about this car, in reference to everything from the variable - rate hydraulic rack steering to the throttle response afforded by the hot - inside V setup (meaning the two turbochargers are mounted internally), to the double wishbone suspension.

This means that if the issuer decides to switch your fixed rate card to a variable rate, or change the formula for deciding how your variable rate is figured, you have to be properly notified.

Rates are fixed or variable, meaning that they either remain the same for the duration of the mortgage or vary depending on a benchmark interest rate.

The interest rate is also variable, which means it fluctuates over the life of the loan.

Discounts of 70 basis points off the prime lending rate means that variable rate mortgages are now below 2.0 %.

The main risk with a personal credit line is that most lenders have a variable interest rate which means that you'll accrue interest at different rates depending on the market.

All savings rates are variable, which means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors.

Some might even have variable interest rates, meaning your rate could increase at any time.

This seems ideal because it means I could enjoy a low variable rate and then lock in a fixed rate if I thought rates were going to increase.

While federal loans have fixed rates, private loans can often have variable rates, meaning that they change as the market changes.

A variable interest rate means that your interest rate can change, and considerably raise the amount you end up paying back at the end of the process.

When variable rate mortgage do increase, this doesn't mean your monthly payments will increase.

It means you can no longer find a 2.39 % five - year variable rates, says Jake Abramowicz, an independent mortgage broker.

A cut also likely means lower interest rates for variable rate mortgages, lines of credit and other loans based on the prime rate, likely to boost consumer spending.

From a historical perspective, the variable mortgage rate is often lower, meaning homeowners pay less in interest overall.

This doesn't automatically mean a rise in Canadian variable rates (particularly given that economic analysts and the Bank of Canada don't anticipate any near term changes to the overnight rate).

A variable rate mortgage means that the mortgage payment changes overtime as the mortgage rates change in the market.

Personal finances can change from a loss of employment to getting married while macroeconomic finances mean variable interest rates and supply and demand fluctuations.

HELOCs have adjustable or variable interest rates, meaning your monthly payment can change, but you only pay interest in the amount you draw.

Also, it's important to remember that HELOCs traditionally come with variable interest rates, which means your rate will rise and fall with baseline rates.

That means that if you take out a variable rate loans that charges 5 % interest, your interest rate could go up, for example, to 7 % or 10 % over the life of the loan or could go down to as low as 2 % or 3 %.

An APR can also be fixed - rate, meaning that during the time specified in your credit card agreement it will not change, or it can be variable, which means the rate can increase or decrease.

Fixed interest rate is recommended for those who have a conservative nature and a variable interest rate is meant for those who want to seize the benefits of market conditions and are comfortable with the idea of risking to pay a higher installment if the situation changes.

But if all agree that the interest rates will drop the next few years, then by all means take the chance and take advantage of the lower interest rate on variable rate mortgage loans.

** All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors.

Interest rates are usually variable, meaning they change over time.

Variable Rate Simulation: This feature of the calculator is not meant to try to predict future rates.