Sentences with phrase «amount being borrowed»

A point is an amount equal to one percent of the principal amount being borrowed.

You will need to know the principal loan amount you're borrowing, as well as the interest rate that's going to be applied to the loan.

One point is equal to 1 % of the mortgage amount being borrowed.

It is used to check how much capital amount is borrowed (debt) vs that of contributed by the shareholders (equity) in a company.

We make sure to take into account your budget, and amount you are borrowing when calculating your interest rate.

Because there's a larger amount being borrowed, the income requirements can be higher for jumbo loans.

Each point is equal to 1 % of the loan amount you are borrowing.

Instead, the upfront fee is added to the total amount you're borrowing — that is, the balance of your loan after subtracting your down payment.

When you take the loan, you will write a post-dated check to the lender covering the principal amount you are borrowing as well as the interest rates.

Richardson could use that tax refund and the money he'll be saving in daycare fees ($ 5,700) to pay down his line of credit, bringing down the net annual amount he's borrowing for his RRSP to about $ 2,000.

Fees will vary, but in my experience, it's usually one to two per cent (or slightly higher based on the mortgage amount being borrowed).

Principal refers to the principal amount being borrowed.

And of course, Funding Circle also has an origination fee, that is typically 4.99 % of the loan amount you are borrowing.

It's important to know that mortgage insurance isn't unique to FHA loans; it's typically required on most conventional loans if your down payment is less than 20 % of the amount being borrowed.

We won't have runaway inflation but we will have 1 - 2 % inflation so 100 years from now the amount we are borrowing will be somewhat inflated away.

More importantly, it shows the amount being borrowed, the interest rate being assigned to the loan, and whether or not there are prepayment penalties.

They can range from about 0.3 % to 1.15 % of the amount being borrowed.

The upfront MIP for FHA home loans is 1.75 % of the amount being borrowed.

PMI typically costs somewhere between 0.3 % and 1.15 % of the amount being borrowed.

The upfront mortgage insurance premium (MIP) for an FHA - insured home loan is currently 1.75 % of the amount being borrowed.

Annual MIP rates vary based on the length of your loan, the amount you're borrowing, and your initial loan's LTV.

Note: The percentages shown above apply to the amount being borrowed.

Conforming vs. Jumbo: A conventional home loan in the Bay Area can either be conforming or jumbo, depending on the amount being borrowed.

Annual MIP rates vary based on the length of your loan, the amount you're borrowing, and your initial loan's LTV.

It is used to help promote awareness of the amount you are borrowing, as well as to help prevent borrowers from borrowing more than the total cost of attendance.

Although federal student loans offer lower rates, they usually set a limit to the amount being borrowed, and most of the times, this amount is not sufficient in covering a student's educational expenses.

The amount you're borrowing and the annual percentage rate on the loan influence which term you'll end up with.

For the amount you are borrowing, you could probably buy a nice car or even a house.

It's important to know that mortgage insurance isn't unique to FHA loans; it's typically required on most conventional loans if your down payment is less than 20 % of the amount being borrowed.

Unless the seller offers to pay them for you, these expenses are charged to the buyer and often runs between 2 and 3 percent of the amount being borrowed.

Secured loans are obtained when you present an item of value to serve as the appropriate collateral for the amount you are borrowing.

You can pay the fee at closing or add it to the amount you're borrowing.

Prepaid Finance Charges: These are charges that are not included as part of the principal amount being borrowed and must be paid upon the close of the loan.

This fee varies from 1.25 % to 3.3 % of the amount you're borrowing.

Normally when a borrower, such as a corporation or the government, borrows money by issuing a bond, the amount being borrowed is referred to as the principal.

When you get a payday loan, you may be asked to write a check for the amount you are borrowing plus an additional fee from the lender.

PMI typically costs somewhere between 0.3 % and 1.15 % of the amount being borrowed.

The upfront MIP for FHA home loans is 1.75 % of the amount being borrowed.

They can range from about 0.3 % to 1.15 % of the amount being borrowed.

You can finance this, such as by adding the closing costs to the amount you are borrowing in the new mortgage.

Collateral Value Collateral is the value of your home as it relates to the amount you're borrowing.