Sentences with phrase «year mortgages because»

«I think we'll see a bit of a trend toward 15 - year mortgages because [the boomers] can afford the higher payments.»

If you are unsure about how much you can afford each month, then we would not suggest the 20 - year mortgage because the payments are higher than the 30 - year mortgage even though the home loan rates are lower.

If your cash flow is up and down, we would not recommend the ten year mortgage because the payment is considerably higher than the30 - year mortgage.

Many homeowners like the twenty year mortgage because it lowers the interest rates on refinance loans.

In 1994, we took a 10 year mortgage because we didn't want any surprises (one income, child on the way).

The average person says «I want a 15 year mortgage because my house will be paid off earlier than it will with a 30 year loan.»

When I refinanced I chose a 15 year mortgage because I wanted my mortgage paid off by the time I retired.

Not exact matches

Interest rates on 15 - year mortgage terms are typically lower than those on longer - term loans because the shorter duration of the loan makes it less of a risk to the lender.

«If you are a potential homebuyer, don't just assume that a 30 - year mortgage is your best bet because the monthly payments are lower.»

David Dodge, the former Bank of Canada governor, told me earlier this year in an interview about housing policy that he would nationalize the mortgage insurance industry; not because he is a Communist, but because it always will be taxpayers who clean up the messes of bankers, especially when it involves houses.

First National — Canada's largest non-bank mortgage lender, originating $ 22 billion in loans each year — reacted swiftly, announcing Tuesday that Morneau's moves will impact about 41 % of its insured residential mortgages and that it anticipates a drop of as much as 10 % in originations of this kind, because its loans will no longer qualify for insurance.

«Good» debt is typically defined as mortgage, education or business debt because, ideally, each of these investments will generate returns for years to come.

In the last few years, ironically, credit bureaus that handle reports on people refinancing mortgages have become big customers of factors because the banks to which they sell the reports are experts at cash management.

Over-valuation doesn't look so severe by this measure because a big component of mortgage payments — interest rates — is very low and incomes have continued to rise over the years.

I started yelling at the contestant, because I felt this person didn't need us and was taking away an opportunity from some struggling mother who mortgaged everything after working on her company for eight years.

Let inflation drive the cost of living, because my mortgage payments are fixed for the next 30 years.

See, the home buyer is essentially saving this money because at the end of a 30 - year mortgage, they own a house worth all the money they put into it, which has (hopefully) matched inflation.

«My 9 - year old said to me, «You lost my dad's money,»» because it was a second mortgage, says Kleynhans.

If you want to be free of your mortgage sooner you can always refinance to a 15 - year mortgage, but few people do this because it involves higher monthly payments.

The tool lets you adjust your savings timeframe to see different results, because you'll be able to afford a bigger mortgage, say, 10 years from now than you can right now.

The 10 year maturity U.S. Treasury Note (UST 10 yr) is thought to be the primary benchmark for the U.S. bond market because it has the largest issuance and is used as the basis for fixed rate mortgage pricing.

Adjustable - rate mortgages are popular because interest rates are typically cheaper initially than long - term, fixed - rate mortgages, such as the 30 - year mortgage.

Mortgage volume is expected to fall 17 % to $ 1.56 trillion this year because of less refinancing activity, according to the Mortgage Bankers Association.

Because they're paid back twice as quickly as the more popular 30 - year mortgage, 15 - year fixed - rate mortgages represent a better proposition for lenders.

See, the homebuyer is essentially saving this money because at the end of a 30 - year mortgage, they own a house worth all the money they put into it, which has (hopefully) matched inflation.

Maybe you'll want to reduce your long - term interest payments because 15 - year mortgages pay 65 % less mortgage interest over time.

The unspoken housing issue for the next four years is how to deal with Freddie Mac and Fannie Mae, which now have an outsized role in underwriting mortgages because of damage from the housing collapse.

Even a seemingly tiny difference in mortgage rates can save you thousands of dollars in interest over the life of a 30 - year mortgage, so it's definitely worth doing — especially because rate shopping won't hurt your credit.

Because of various business decisions, he is actually increasing that mortgage value every year.

The Federal Reserve's monetary policy has helped spur the U.S. housing market in recent years, because it has indirectly held long - term mortgage rates near record - low levels.

Most lenders offer 15 - year mortgages with slightly lower interest rates, but because the payoff time is cut in half, the monthly payment is higher.

That's because a 15 - year fixed mortgage usually comes with a lower rate than a 30 - year fixed one.

Namely, because mortgage repayment gets spread over a larger number of years, each payment is smaller as compared to the payment with a shorter - term loan.

If you manage to pay off a 30 - year fixed rate mortgage in only 15 years, you come out ahead financially because you've reduced the amount of interest paid on the loan.

This is because homeowners pay approximately 65 % less mortgage interest over time with a 15 - year mortgage as compared to a 30 - year.

But because of the tax reduction system, you will receive a bigger chunk from the government in your early years, hence lower monthly cost in the first few years of the mortgage.

Lenders like to see income that's ongoing, because mortgages tend to be lengthy obligations lasting 15 or 30 years.

Current homeowners also have less incentive to sell if mortgage rates move up because they'd be giving up the record - low rates of the past few years.

While saddled with a $ 200 million mortgage on its privately built, 20 - year - old arena in downtown DC, Monumental is close to breaking even financially, according to people familiar with Monumental, who spoke on condition of anonymity because it is not a public company.

If you have less than two years remaining on your adjustable rate mortgage before it becomes variable, I highly recommend you refinance today or before the fixed rate ends because ARMs are tied to LIBOR rates once they are variable, and LIBOR rates have surged higher.

Even so, that doesn't mean mortgage rates will go up because mortgage rates are more tied to the 10 - year bond yield which has been declining due to all the risk in the markets.

Out of the three the 30 - year fixed is the most popular mortgage because it usually offers the lowest monthly payment.

If you can afford a 15 - year mortgage rather than a 30 - year mortgage, your monthly payments will be higher, but your overall cost will be drastically lower because you won't be paying nearly so much interest.

A 40 - year fixed - rate mortgage is generally a less popular option both because it takes so long to pay off the loan and because you end up paying a lot in interest.

This indirectly affects mortgage rates, which could make homeownership more expensive in the long run, because rates typically track the yield on the U.S. 10 - year Treasury.

When somebody moves up they don't sell their old place, they rent it out to somebody else, and it's because they want to keep that 30 - year mortgage for 30 years, and it's because they can easily find somebody on Airbnb who will take the place.»

For example, a 15 - year mortgage will have higher monthly payments than a 30 - year mortgage loan, because you're paying the loan off in a compressed amount of time.

If you get rejected for a mortgage, which has happened to me because I didn't have two years worth of freelance income at the time, you will naturally hate the lender and housing in general.

And then I nearly fell down dead because somehow we are still twenty years old and kissing in snowbanks at the same time that we're thirty - four with three tinies and a mortgage, we both have grey hair and a lifetime now.

Because of biblical injunctions against usury, no loans — including home mortgages — would be given for longer than seven years.