Sentences with phrase «amount of the outstanding loan»

A short sale has to be approved by your lender because it will not receive the full amount of the outstanding loans.

That means if you have a loan out on your policy and you pass away, your death benefit will be reduced by the total amount of the outstanding loan.

Failure to pay back the loan results in ordinary income tax and early withdrawal penalties on the full amount of your outstanding loan.

To calculate CLTV, the total dollar amount of outstanding loan are divided by the asset's assessed value.

The documents which all applicants must upload include: proof of graduation, two recent pay stubs, photo ID such as a driver's license or passport, and proof of remaining amount of outstanding loans from previous loan statements.

If you've cosigned a loan and pass away, the co-signee will be responsible for the entire amount of the outstanding loan, but if you have life insurance, it could help cover what's owed to pay off the loan.

On average, these non-foreclosure short sales had a final sales price that was $ 82,312 below the combined amount of outstanding loans for the property being sold.

Short sales (where the sales price was below the estimated amount of all outstanding loans for a given property) of properties not in foreclosure increased 15 percent from the previous quarter and were up 17 percent from the third quarter of 2011.

The overall size of the mezzanine market — the dollar amount of outstanding loans — is estimated to be between $ 65 and $ 135 billion, according to Doug Vikser, a managing director at Parsippany, N.J. - based Prudential Financial.

However, it's important to be careful with how much you take out, because if you do not pay back the loan before you die, the death benefit is reduced by the amount of the outstanding loan plus interest.

Since 2011, the two banks have talked about increasing their lending and have tripled the amount of outstanding loans — to $ 42 billion in the case of Goldman.

These reserves can once again be used to leverage the amount of outstanding loans and deposits according to reserve requirements.

The other thing to consider is amount of your outstanding loan and the remaining loan tenure.

Each month, your credit cards and other loan accounts report the amount of your outstanding loans and your maximum loan amount or credit card limit.

Mortgage lenders send a form to the homebuyer's savings institution (s) to verify the amount available for purchasing the house, as well as the amount of outstanding loans with that institution.

Remember, loans against the policy accrue interest and decrease both the death benefit and cash value by the amount of the outstanding loan and interest.

Keep in mind that loans against the policy will accrue interest and decrease both death benefit and cash value by the amount of the outstanding loan and interest.

Loans against the policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

† Loans accrue interest and reduce the total cash value and total death benefit by the amount of the outstanding loan and accrued loan interest.

4 Loans accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

As with whole life insurance, you may be able to take loans against the cash value of a universal life policy, however the death benefit and cash value will be reduced by the amount of any outstanding loans and interest upon your death.

Please note that loans against a life insurance policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

Loans against the policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

It is important to note that loans against an insurance policy accrue interest and decrease the death benefit and cash value by the amount of the outstanding loan and interest.

Keep in mind that loans against the policy will accrue interest and decrease both death benefit and cash value by the amount of the outstanding loan and interest.

Remember, loans against the policy accrue interest and decrease both the death benefit and cash value by the amount of the outstanding loan and interest.

If the insured dies, death benefit is reduced by the amount of any outstanding loan balance.

The main advantage of a collateral assignment is the lender (DEF) only receives proceeds equal to the amount of the outstanding loan balance.

If you fail to pay back your loan, they will reduce your death benefit by whatever the amount of the outstanding loan is.

In the event of the business owner's death, the bank would have first rights to the policy proceeds in the amount of any outstanding loan balance due.

Owners can take money out as a loan, but they need to be aware that interest is charged while the money is outstanding and the death benefit is reduced by the amount of the outstanding loan.

Loans do not necessarily need to be paid back, but they do accumulate interest at a low rate, and the death benefit will typically be reduced by the amount of the outstanding loan.

Loans do not reduce the death benefit if paid back, but if not the death benefit will be reduced by the amount of the outstanding loan.

The creditor can be the beneficiary for the amount of an outstanding loan.

The creditor can be the beneficiary for the amount of the outstanding loan, with the face value decreasing in proportion to the decline in the outstanding loan amount.

The collateral for your policy loan is the death benefit, which means that if you should die before repaying the loan the death benefit will be reduced by the amount of the outstanding loan.

This means that if you borrow against it and die while the loan is outstanding, the death benefit is reduced by the amount of the outstanding loan.

if you borrow against it and die while the loan is outstanding, the death benefit is reduced by the amount of the outstanding loan