Sentences with phrase «very high interest rate on that loan»

The problem is that CHIP charges a very high interest rate on that loan, and it's compounded twice a year, with the interest payments rolled into the amount you owe.

Private mortgage lending is where you loan your funds to others to invest in real estate, such as their own house flips, while you earn a very high interest rate on your loan.

Not exact matches

Interest rates on these loans can be very high on an annualized basis.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

At the time, the typical home loan required buyers to make downpayments of fifty percent or more on a home; carried very high interest rates; and, required that loans be paid back in five years or fewer.

At the time, the typical home loan required buyers to make downpayments of fifty percent or more on a home; carried very high interest rates; and, required that loans be paid back in five years or fewer.

For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default.

People with good credit can use it to negotiate low - interest rates on the mortgage but very low scores translate to high rates on private lender loans.

Depending on when they were disbursed, federal student loans can have an interest rate as high as 8 %, and private loans can average as high as 12 %, so it's very likely that you'll qualify for lower rates.

Lenders are very wary about bad credit mortgages which clearly explains why they charge high interest rates on loans.

If interest rates are very high when you're taking out your loan, then a variable rate loan could give you the opportunity of paying a lower rate later on.

For example, if you are planning on only having the mortgage for a few years because you plan to pay the loan off very quickly, you may want to accept a slightly higher interest rate if it allows you to lower your loan fees.

If the interest rate on your loans was very high by the time you took it, you can take advantage of lower fixed interest rate and lock it up.This will reduce the total amount your need to pay in the long run.

The interest rates on bad credit auto loans are very expensive mainly due to the fact that you pose a high risk.

They are willing to pay a much higher interest rate because they don't plan on carrying the loan for very long.

They are winning because they get a very good return on their money, and you win because you get to avoid payday loans and credit cards at higher interest rates, and you also can agree to these deals at very short notice if required.

Use the currently very high interest rates to your advantage and utilize the significant amounts of equity you have built up on your home to help pay off high interest debts like credit cards and auto loans.

While registration loans may seem convenient because they are easy to obtain, they also come with notoriously high interest rates and extremely short terms, both obstacles make paying back registration loan very difficult — especially if you have multiple registration loans on your hands.

The interest rate is very high, with some lenders charging 30 % on the loan, while the size of the loan is limited to a maximum $ 1,500.

The interest rates on these types of loans can be very high.

In a day and age in which more information than ever can be found on payday loans, consumers can very quickly find out about high interest rates and the risks that come with taking out a payday loan.

Back in the Jimmy Carter period when interest rates were very high indeed I found a situation where my company Credit Union was seriously lagging behind in raising their lending rates and would make me an unsecured loan at interest rates that were well below those being offered on CDs by banks and brokerages.

The company is an alternative to predatory lenders who offer payday loans and cash advances at outrageously high interest rates and on very short terms.

Additionally, as short - term interest rates fall faster than long - term rates, banks benefit from a more favorable yield curve; essentially, they pay short - term rates on customers» deposits and charge long - term rates on loans, making the combination of low short - term rates and relatively higher long - term rates very beneficial for their net interest income.

Even if you don't miss any payments or go over your credit limit, the interest rate on a credit card account starts out very high compared to other types of debts and loans.

A loan may not be reasonable due to eye watering interest rates that often accompany loans of this sort, Mostyn J commenting that it would unlikely be reasonable to expect the applicant to take on a loan at a very high rate unless, if the court felt it appropriate, an offer was made by the respondent to meet that interest.

What I said about Section 35 and 32 is only correct based on TODAY»S rates, and you are right in clarifying that sometimes, (in a very different interest market than today) a loan could have an interest high enough to be usurious, but still be lower than the threshholds for 32 and 35.