Sentences with phrase «amortized loan schedule»

After this time, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule («Full Repayment Term»).

After this time, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule.

Not exact matches

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

If you prefer to pay off your loan on schedule, you can make the fully amortized payment based on a 30 - year loan, or you can choose the 15 - year payment option for the fastest equity build - up.

While negative amortization does indeed allow for lower initial costs, the eventual spike in monthly payments makes them more financially risky than loans on fully amortizing schedule.

A good example would be that a 7 - year loan is amortized over a 30 - year period and each of the scheduled payment covers maybe interest and only part of the principle.

Amortization: If a loan is amortized, it means that there is a fixed repayment schedule with each payment being the same dollar amount over the life of the loan.

This happens over time simply by making your monthly payments, assuming that they're amortized (that is, based on a payment schedule by which you'd repay your loan in full by the end of the loan term).

The lender behind the student loan I paid ahead on spent the entire period between when I started making large extra payments and the balance was paid off sending me «bills» for $ 0.00; hoping I'd decide to slack off, keep my money, and amortize interest until I fell back onto the original repayment schedule.

Once repayment starts, the loan amortizes to a standard repayment schedule, and the interest capitalizes.

Balloon loans are short - term fixed rate loans that have fixed monthly payments based usually upon a 30 - year fully amortizing schedule and a lump sum payment at the end of its term.

Over the life of a standard mortgage loan, the entire original amount borrowed is generally scheduled to be fully paid off, or amortized.

If you were to follow this schedule, you would pay a ton of interest since the loan is amortized over 30 years.

The 10 - year loan was structured with five years of interest only, and amortizes over a 30 year schedule thereafter for the sponsor, Avon Marketplace Investors, LLC.

However, even an amortized payment schedule typically will not pay down enough of a 100 % financed loan to cover the costs to sell if the property has not appreciated.

Most of our Rental Loans amortize based on a 30 - year schedule.

The loan, funded by New York - based J.P. Morgan, matures on Aug. 1, 2009 and is amortized on a 25 - year schedule.

Each loan is unique in that it can include interest coupons structured as current pay or accrual and amortization schedules ranging from interest only to fully amortizing.

An option ARM is an adjustable rate mortgage loan that has a scheduled loan payment that may result in negative amortization for a certain period of time, but that expressly permits specified larger payments in the contract or servicing documents, such as an interest - only payment or a fully amortizing payment.

«Option ARM» is a term frequently used to describe adjustable rate mortgage loans that have a scheduled loan payment that may result in negative amortization for a certain period of time, but that expressly permit specified larger payments in the contract or servicing documents, such as an interest - only payment or a fully amortizing payment.