Sentences with phrase «as a line of credit»

However, if you have other revolving credits such as lines of credits apart from your credit cards, this will be added when calculating your credit utilization ratio.

The deposit, which can range from $ 250 to $ 2,500, is immediately available as your line of credit.

This ensures that your rate will not change for as long as your line of credit remains outstanding.

For example, if you take your loan proceeds as a line of credit, you are only charged interest on the portion of the line of credit you have withdrawn.

That deposit is used as your line of credit — and your spending limit.

Similar to a credit card, you can borrow only what you need when you need it during the «draw period» (as long as your line of credit remains open).

In order to open up a secured credit card account, individuals are required to put down a security deposit that will double as their line of credit.

These credit cards require you to submit a security deposit that will act as your line of credit.

As a borrower, you may use HELOC as a line of credit or a backup for an existing Canadian mortgage.

We (miserable operators) will pay off our mortgages, stop leasing equipment, stop using our credit cards as a line of credit and only buy when we have cash.

Generally, credit cards do not offer a loan so much as a line of credit that can range from $ 1,000 to $ 25,000 or more.

Please refer to the assumptions listed below to help determine whether this spreadsheet performs calculations the same way as your line of credit.

With this product, you'll have access to a set amount of credit - known as your line of credit.

And instead of it being represented as a loan balance that's growing, it's instead represented as a line of credit that's growing.

You do not need to look through the best personal finance books looking for the term explanation, as a line of credit functions more like a credit card than like an actual loan.

The loan can be utilized as a line of credit, or proceeds can be taken out monthly or in a lump sum.

It is advisable to explore other borrowing options as lines of credit are unsecured, meaning that the interest rate charged varies with movements in banks rates.

If you don't use outside manufacturers, something as simple as a line of credit with your water supplier can work to start building business credit.

People in their 60's looking to cover a short term debt such as a line of credit.

The deposit, typically in the range of $ 250 to $ 2,500, is immediately available as your line of credit, all or in part.

Other borrowers use their proceeds as a line of credit, using home equity as a strategic financial retirement tool to reserve a line of credit that grows automatically over time.

In order to open up a secured credit card account, individuals are required to put down a security deposit that will double as their line of credit.

As a rule, loans as well as lines of credit of such kind are limited in their amount to the 85 % of the equity in your house, but the sum you finally get still depends on the borrower's income and credit score.

Unless the borrower has a need for a large sum of money upfront, it is recommended that they configure their loan payment as a line of credit or as monthly payments.

They offer both undergraduate and graduate student loans, as well as a line of credit for members who are currently students.

Payment of loan proceeds — The borrower receives the loan money as a line of credit, monthly installments, a combination of both, as a lump sum, or the payment retires an existing mortgage.

@Evan, a HELOC works as a line of credit (which means that you can borrow money at any time without having to go at the bank).

Overdraft protection may be offered as a line of credit, or consumers can link multiple accounts as backup payment sources.

Drawbacks: Borrowers living outside Region's 15 states of influence will have difficulty obtaining a credit line, as line of credit applications require a branch visit.

A reverse mortgage gives borrowers access to that equity as a line of credit, monthly disbursement, lump sum payment, or some combination of the three.

Finova loans are advertised as lines of credit, but they differ from the revolving credit associated with a credit card or personal line of credit because you get your loan amount in a lump sum, not as a credit limit.

Homeowners can receive payments in a lump sum, on a monthly basis (for a fixed term or for as long as they live in the home), or on an occasional basis as a line of credit.

The bigger issue with store financing isn't that it's viewed as a line of credit, but that it's viewed as a maxed out line of credit.

MoneyTap offers you the flexibility to use your unsecured personal loan in Secundarabad as a line of credit or as a credit card.

The Costco Anywhere Visa ® Business Card by Citi serves as a line of credit for small business owners.

If you're a real estate practitioner (REP) and you need money, your banker will likely only consider the loan against hard assets — such as a line of credit against your home or assets.

Unless you need for a large sum of money upfront, it is recommended that you configure your loan payment as a line of credit or as monthly payments instead of a lump sum.

Whereas other lenders have a variety of small business financing options, Kabbage keeps things simple and streamlined and only offers one of the best small business loans available as a line of credit.

People in their 60's looking to cover a short term debt such as a line of credit.

Corevest provides real estate business line of credit loans to investors with stabilized single family home rental portfolios, as well as lines of credit for acquisitions, fix and flip portfolio strategies and to refinance existing properties.

Reverse mortgages do not require monthly mortgage payments5 and you can receive your loan proceeds as a line of credit that will grow over time6 and can be accessed anytime an unexpected medical expense comes up or as needed.

Of that amount, the calculator states that $ 82,744 could be drawn on the loan in the first year, leaving $ 60,840 as a line of credit for the following years.

With a HECM or proprietary reverse mortgage, a homeowner can elect to receive the money as a line of credit they can draw upon, in monthly installments, or as a combination of the two.

This is a card that you secure with a deposit ($ 400 in my case), which you can then use as a line of credit.

On the bright side, you can save time and cost because as long as your line of credit remains active, you can continue to use it without having to apply for a new loan each time you need some extra money.

Only businesses with many years of operating history can qualify for things such as lines of credit or overdraft privileges.

It will have a particular impact on contingent facilities such as lines of credit.