Sentences with phrase «because loan payments»

Because loan payments are based on a monthly schedule, your interest rate is converted to a monthly rate.

Because loan payments change periodically, adjustable - rate mortgages are not for every homeowner.

Reverse mortgage programs can be advantageous because all loan payments are deferred as long as the property remains the borrower's primary residence.

In fact, reverse home mortgages are advantageous because all loan payments are deferred as long as the property remains the borrower's primary residence.

Reverse mortgages are advantageous to seniors because all loan payments are deferred as long as the property remains the borrower's primary residence.

Reverse mortgages are advantageous because all loan payments are deferred as long as the property remains the borrower's primary residence.

It's convenient for the borrower because their loan payments seamlessly take place in the background if they are scheduled and automated.

Reverse mortgages can be used to pay off existing mortgages, and once you do this, you will have no monthly mortgage payment because loan payment is deferred to when it matures.

So each month you will save money because your loan payment will be set with a fixed rate with no extra payments for insurance.

Reverse mortgages can be used to pay off existing mortgages, and once you do this, you will have no monthly mortgage payment because loan payment is deferred to when it matures.

Not exact matches

«Explain that you've been making the payments on time and it doesn't make sense to treat this as a default because that will turn a good loan into a bad loan.»

As an entrepreneur, you're probably very familiar with debt and loans and monthly payments, but just because you're willing to take risks in the business world doesn't mean you should risk your personal finances.

Despite their reduced initial payments, balloon loans are riskier than traditional installment loans because of the large payment due at the end.

That might not seem very fair, but jumbo loans usually seem less risky to lenders because the people who apply for them are considered more likely to make their mortgage payments on time each month.

You can see that despite paying over $ 3,300 toward that loan over the course of the year, I only reduced my balance by about $ 700 — and that's only because I started making extra payments.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

This type of automatic payment is also good for borrowers because, among other things, it has the potential to help a small business eliminate cash flow lumpiness by making more frequent and smaller debits on a daily or weekly basis as opposed to requiring a large loan payment on a monthly basis — although that is not the only benefit to small business owners.

This is because most private student loan lenders offer extended repayment plans and variable interest rates that seem lower at the onset of a loan refinance, saving borrowers money on their monthly payment as well as on the total cost of borrowing over time.

This is different than a loan because your business doesn't acquire additional debt, there are no periodic payments, and the investor is willing to wait until a future date to capture some kind of return on their investment.

Borrowers pay more over the life of the loan repayment because of interest accrual in the years when payments are lower.

Anyone with a minimum of $ 50,000 in a rollable retirement account (such as an IRA, 401 (k) or 403 (b)-RRB- can obtain business financing using this method in a matter of weeks, regardless of their credit score, and because ROBS is not a loan, there are no monthly payments to make.

Bad loans as a share of their total portfolio remains low, at less than 2.5 percent, but economists believe the figure understates the problem because banks often extend the payment dates for problem debt.

FHA home loans can be a big chunk of first - time homebuyers» mortgages because the loans allow for lower down payments and relaxed credit qualifications.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

Because unsecured loans have minimum payment schedules that are difficult to calculate, these were factored on a fully amortized, 10 - year loan at 14 %.

Struggling to find enough drivers willing to put miles on their own cars, Uber recently began offering subprime auto loans to would - be drivers, conveniently extracting payments directly from their paychecks, or (because Uber insists its drivers aren't its employees) their «Uber earnings.»

You take a big risk with variable interest rates, because if rates rise, your loan rate — and your payments and the total interest you pay — can increase substantially.

NOTE: Because a merchant cash advance is not a loan and providers do not report your payment history to the business credit bureaus, it does not help build or strengthen a business credit profile.

That is where there is a margin call for payment because the value of shares is less than what person owes on them because of a loan with a margin between...

But for banks, the loans they make to customers are actually assets because they're on the receiving end of the loan payments.

The Pew study found that 27 % of payday loan borrowers get hit with checking account overdraft fees because they don't have the money to make their loan payments.

This is because SBA - backed loans offer low interest rates, long terms and fixed monthly payments.

Keep in mind that just because a lender offers you a lower interest rate than you currently pay on your existing student loans doesn't mean your monthly payment will also be lower.

Whether you opted for an FHA loan because you wanted to make a lower down payment or because you needed...

Because your rate is not locked in for the duration of the loan, a rising interest rate environment will force the lender to increase your mortgage rate, thus adding to your monthly payment.

Extending the term of a loan will lower monthly payments because the same amount of money is spread over a longer time period.

You might look for a longer term because your current loan's payments are cutting into your cash flow, you want to lower each payment amount, or you prefer more sporadic expenses — like weekly instead of daily payments.

But because they will make an average of 59 fewer payments — and pay down their loan at a lower interest rate — those borrowers will save an average of nearly $ 19,000 in the long run.

This is significant, because most loans with an LTV above 80 % require PMI protection, which can increase the total monthly payments by $ 50 to $ 100 per month, on average.

So even with the higher interest rate assigned to the 30 - year loan, the payments are smaller because they are spread out over a longer period of time.

A fixed - rate mortgage is generally a safer bet than an adjustable - rate mortgage because you know what your interest rate will be for the length of the loan and your payments will stay the same for the duration of the mortgage.

This is known as the total or «back - end» debt - to - income ratio, because it includes all monthly debts such as mortgage payments, credit cards, auto loan payments, etc..

Your business is too valuable to lose customers simply because of temporary cash shortage, you couldn't get a loan, slow pay, distressing collection calls, or because you can't afford to or don't want to wait for payment.

That's because you are keeping the loan for a shorter period of time, and making fewer payments.

Fixed mortgages are easier to understand because the interest rate that they charge never changes, so you can count on monthly mortgage payments remaining constant throughout the lifetime of your loan.

Some of our loan programs are well suited for first - time home buyers, because they offer flexible qualification criteria and low down payments.

You don't want to miss a payment because autopay wasn't set up with your new loan servicer or because you didn't have updated payment information.

A homeowner may want to refinance into conventional — even with a PMI payment — because conventional private mortgage insurance is cancellable, unlike that of FHA and USDA loans.

If you currently have a student loan with a very low fixed interest rate, it makes more economic sense to pay only the minimum payments because of the low fixes rate and because of inflation.

These types of loans are extremely popular because it means that the monthly payments will always stay the same until you pay the entirety of the loan.