Sentences with phrase «as access to a line of credit»

All mortgages have some different features such as pre-payment options and payment frequency or online services or other products such as access to a line of credit which may be of benefit to you and impact your decision in choosing a lender.

Not exact matches

A few of the perks: a national brand endorsed by a celebrity in national advertising, exclusive products, a glossy magazine, extensive training, discounted health benefits, an impressive Web site, new computer technology, and access to an individual line of credit as large as $ 750,000 from the National Cooperative Bank.

When you open a line of credit, you'll receive access to a stated amount of funds to use as needed.

When you open a business line of credit, the business receives access to a stated amount of funds to use as needed.

Portfolio Loans, formally known as Securities Backed Lines of Credit (SBLOCs), offer you an inexpensive way to access the cash in your portfolio without having to liquidate your securities.

A line of credit, abbreviated as LOC, is an arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the lender permits the borrower to access or maintain.

If your business has uneven cash flow, a line of credit can offer open - ended access to cash for ongoing needs such as seasonal payroll or inventory management.

If you get the line of credit now, the amount you can borrow grows as you age, effectively locking in immediate access to home equity when you need it most.

In this sense, lines of credit and overdrafts are types of evergreen funding as the borrower applies for it once and then is not required to reapply again to access the credit within at a later date.

This not only makes it challenging to get access to a line of credit but build credit as well.

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Home equity lines of credit, also known as HELOCs, allow homeowners to access the equity that they've built up in their homes.

It's our largest line of credit, giving you the ability to access funds on an as - needed basis up to your credit limit.

A credit card gives you access to a revolving line of credit, meaning you can use as much as the card limit, pay the money back and borrow it again.

A personal line of credit is the best fit when you may need access to funds on a recurring, as - needed basis rather than as a lump sum.

TMW — that's the whole point of my argument — there is not much difference between having cash and debt or having no cash and less debt as long as you have access to a line of credit.

A HELOC is different than a traditional lump sum loan, in that it gives homeowners access to funds (a line of credit, not unlike a credit card) up to a certain credit limit, with one important difference — a HELOC uses the borrower's home as collateral.

If you did not have access to credit of any kind — no credit cards, no line of credit, no over-draft protection, no loans — would you be as willing to drop gobs of your hard - earned money on things like expensive shoes and fancy cars?

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

A home equity line of credit, sometimes referred to as a HELOC, works similarly to a credit card in that homeowners can access the money they need when they need it, with few limitations.

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.

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

A reverse mortgage allows you to access your home equity, as either a line of credit, monthly disbursement, lump sum payment, or some combination of the three.

A reverse mortgage offers borrowers access to that equity, either as a line of credit, monthly disbursement, lump sum payment, or a mixture of all three.

Pay your balance down to zero by February 15 each year as well as meet a few other requirements, and you will have access to your line of credit year - round127for unexpected expenses and other credit needs.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

That means that as our customer, you get access to better mortgage rates for refinancing or taking out a new line of credit.

Use a personal line of credit as overdraft protection on your checking account or for quick and easy access to funds.

If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose.

When you open a business line of credit, the business receives access to a stated amount of funds to use as needed.

Many businesses use a line of credit as part of a larger capital access approach including short - term and longer - term financing to fuel growth and fund other revenue - generating projects.

With a home equity line of credit such as the CIBC Home Power Plan ®, you'll enjoy additional benefits such as making interest payments only on the funds you use, not your total credit limit, and having ongoing access to funds up to your authorized credit limit.

In addition, credit cards allow you to continuously access your line of credit as you need it over time; they are considered revolving debt which is different from installment debt.

When you need to access the home equity, a lot of people prefer the Home Equity Line of Credit as it allows more flexibility.

Home Equity Line of Credit: A type of loan that allows the homeowner to access the loan money with checks or a credit card as nCredit: A type of loan that allows the homeowner to access the loan money with checks or a credit card as ncredit card as needed.

Because of these high upfront costs, the Merrick Bank Double Your Line ™ Visa ® Credit Card falls into the category of cards known as «fee harvesters,» which are typically aimed at consumers with limited access to credit Credit Card falls into the category of cards known as «fee harvesters,» which are typically aimed at consumers with limited access to credit credit cards.

The line of credit has an increasing growth rate, making more funds available for the borrower to access as time progresses.

A business line of credit offers your business flexible access to funds at a competitive rate by drawing the line up and down as needed to fund cash flow or other short - term funding needs.

So long as your account remains current, you will have access to your line of credit.

When you open a line of credit, you'll receive access to a stated amount of funds to use as needed.

Unlike a term loan, a line of credit allows the business owner to access part, or all, of the credit line, repay it, and access it again as needed.

Authorized users have access to the cardholder's full line of credit and can charge as they please.

With large, continuous projects like home improvements, a line of credit makes more sense: It grants you access to a large amount of funds to withdraw from as you go along.

At the very least, you should have access to emergency money via quick borrowing options such as a credit card, home equity line of credit or home equity loan.

A line of credit provides immediate access to funds, as you need them.

To add a Visa ® line of credit as an overdraft option, you need to complete and return a form authorizing us to access your line of credit for overdraft transferTo add a Visa ® line of credit as an overdraft option, you need to complete and return a form authorizing us to access your line of credit for overdraft transferto complete and return a form authorizing us to access your line of credit for overdraft transferto access your line of credit for overdraft transfers.

As the FRBNY noted, people who filed bankruptcy had access to more new lines of credit than those who limped along in a poor financial state.

The business line of credit works similar to a credit card or a home equity line of credit, and that you are granted a line of credit which you can access as needed.

Meanwhile, technology may change the game as secure mobile transactions using a smartphone to access a bank account or line of credit become available to consumers at the coffee counter.

While the primary account holder's intention may be to simply give another person access to their line of credit, they typically share part of their credit history as a side effect.