Sentence examples for interest rate reset from inspiring English sources

Subprime issuers in many cases did not tell borrowers what their full costs were going to be, especially when the interest rate reset.

It would refinance their mortgages, but only if they had proved they were deserving by keeping current on the payments before the interest rate reset.

Even if they do lend long term, they want the interest rate reset every five years – which obviously exposes the borrower to uncertainty about future funding costs.

With the interest rate reset weekly or monthly in auctions, cities, student-loan trusts and the like could issue long-term debt while benefiting from lower short-term rates.

The bonds were of the type known as auction-rate securities, whose interest rates reset regularly and shot up during last year's financial turmoil.

But those loans could become unaffordable once the interest rates reset, as is expected to happen in the coming months for many mortgages that began in 2005.

Borrowers without good credit will have a hard time refinancing, though subprime borrowers may enjoy a slightly smaller increase when interest rates reset on monthly payments, Mr. Zandi said.

As the interest rates reset in coming months, it will become even harder for her to make the payments, which are now $4,400 a month.

Many of those foreclosures are in new developments on the urban fringe of Antioch and Brentwood, where people purchased tract homes with subprime mortgages, then walked away when the interest rates reset, creating higher payments they could no longer afford.

Far more important in human terms are the hundreds of thousands if not millions of American families lured into mortgage deals they didn't understand, who now face sharp increases in their payments — and, in many cases, the loss of their houses — as their interest rates reset.

Furthermore, this plan will only be available to those borrowers who are deemed incapable of making payments should their interest rates reset.