Sentence examples for rate loan from inspiring English sources

This is, in effect, a zero-interest rate loan.

For instance, in some cases a variable rate loan might be the lowest-cost option.

The first mortgage was a 30-year fixed rate loan for $303,750.

Ultimately, he obtained a five-year adjustable rate loan at 4.25percentt for his house in Washington and a 10-year adjustable rate loan at 4.5percentt for his house in East Haddam, Conn.

According to Mr. Colling, the average adjustable-rate mortgage loan this year is about $300,000 while the average fixed rate loan is about $165,000.

"A big grabber was that your loan will be reduced to 2.5percentto5percentcent on a 30-year fixed rate loan," he said.

The bottom line, he said, is that every borrower should "crunch the numbers" before refinancing from an adjustable-rate loan to a fixed-rate loan.

Taking a low-rate loan is not a way to get to borrow more money.

Applicants must also use the house as a principal residence and choose a fixed-rate loan.

But time is on her side: She got a 30-year fixed-rate loan.

Fremont General, a financial services concern, originated her adjustable-rate loan but Countrywide now services it.