Sentences with phrase «as a disbursement option»

The disadvantage to a fixed - rate reverse mortgage is that it only offers a lump sum as a disbursement option.

The disadvantage to a fixed - rate reverse mortgage is that it only offers a lump sum as a disbursement option.

Not exact matches

Another option for using home equity is to receive it as a monthly disbursement and use it to supplement existing income for daily expenses.

Each has its own eligibility requirements, so factors such as your income, loan type, date of loan disbursement, and total debt might narrow down your options.

Flexible disbursement options — Loan proceeds can be collected as a lump sum (fixed - rate only), a line of credit to be drawn upon as needed2, a monthly payment for a set period of time or as long as you live in the home, or a combination of these options.

Borrowers who choose a fixed rate reverse mortgage must take their funds as a lump sum, as opposed to other disbursement options offered at a variable rate.

They do, however, require good credit, have less flexible repayment options and can require the first payment as soon as two months after the first disbursement.

The changes included limitations on the amounts that can be drawn in the first year, the option to receive a smaller one - time single lump sum disbursement, as well as changes to the mortgage insurance premium, the principal limit factor tables, and requiring a financial assessment of borrowers» ability to pay future property taxes and insurance obligations.

From the purely administrative task («learn process for recording expenses and disbursements») to the complex («prepare written report of options and strategy based on the articling candidate's research and investigation») and the critical («learn proper usage of precedents»), the competencies to be mastered are as varied as legal careers are diverse.

• Given our extensive finance partner network, we are in a position to offer loans with attractive interest rates and easy payment options • Our Maruti Suzuki car finance in Mumbai team will support you from choosing the right finance partner to loan disbursement • Best of all, we will facilitate everything between you and the finance partner, leaving you free to select your new Maruti car • We offer assured quick turnaround times, minimum documentation hassle and quick loan disbursement • From time to time, our Maruti car finance partners offer various promotional schemes such as low down - payment and low interest rates.

Borrowers who choose a fixed rate reverse mortgage must take their funds as a lump sum, as opposed to other disbursement options offered at a variable rate.

Another option for using home equity is to receive it as a monthly disbursement and use it to supplement existing income for daily expenses.