Sentences with phrase «as monthly payments instead»

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.

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.

Not exact matches

Instead of making monthly payments to the lender, as per a traditional mortgage, the lender makes payments to the borrower throughout their lifetime.

Despite the cost of monthly student loan payments, many are spending just as much as their less - indebted counterparts, choosing instead to cut back on savings in favor of other expenses.

The site is free to join and operates a «token» based payment system, which means instead of having to pay a monthly flat fee for site membership (as with most subscription sites in this category) users can spend their tokens as they wish, meaning their money will, more often than not, go further.

With APP, customers get the benefit of a Guaranteed Minimum Future Value (GMFV) of their vehicle, with the same end of contract options as a Personal Contract Plan (PCP), however, instead of paying monthly payments, the remaining balance is paid as a single upfront payment.

Proper use of debt consolidation can offer you many benefits: it simplifies all the budgeting process as it offers a single monthly payment instead of multiple loan payments that can confuse anyone.

It can take some mental adjustments as you change your focus to getting out of debt instead of continually having to make a monthly payment, but the reward is well worth the effort.

FHA mortgage insurance is not free: borrowers pay an upfront insurance premium (which may be financed) at the time of purchase, as well as monthly premiums that are not financed, but instead are added to the regular mortgage payment.

Instead, creditors offer concessions such as the reduction of interest rates, removal of late fees and other terms that will lower your monthly payments enough that you are able to pay them in full.

The earliest ARMs didn't offer any discount on the initial rate — no «teasers» here — but instead the opportunity that your mortgage rate and monthly payment would decrease as market interest rates returned more toward normal levels.

Mortgagees collect from the borrowers an up - front insurance premium (which may be financed) at the time of purchase, as well as monthly premiums that are not financed, but instead are added to the regular mortgage payment.

You can pay off your mortgage earlier by switching to weekly or fortnightly payments instead of monthly repayments, as you make more repayments per year.

This same couple could instead choose to get a monthly payment of $ 783, and that payment would continue as long as they remain in the home.

Instead of paying a monthly premium for four or five years, your lender purchases mortgage insurance as a single one - time purchase when you take out your mortgage, and then adds that single premium payment to the balance of your loan.

The IRS treatment of royalties means they are not subject to self - employment or FICA taxes - so the tax would be just 28 %, and because it's a royalty on monthly profits it means my payment is guaranteed even if the other company owners decide not to take a drawing for themselves in a given month - and as my royalty would be an expense for the company instead of a drawing it's pre-tax for them.

Research the repayment options available to you, but also pay as much as you can afford instead of settling on the lowest monthly payment amount you can get.

And since the balance of the loan will be reduced as well, more of your monthly payment will go toward the actual balance instead of mostly toward the interest.

Instead of you making monthly mortgage payments, the lender pays you in the form of fixed monthly payments for the rest of your life, or as a lump sum or a line of credit that can be tapped when needed (up to a certain limit).

Instead of dealing with overwhelming credit card bills, you can use Payoff to simplify them down to one monthly payment, all with lower rates than your credit cards designed to remove up to $ 25,000 of your credit card debt as quickly as possible.

Take the money you would have spent on a down payment for a house and on high monthly mortgage payments, and invest in something else instead, such as a socially - responsible mutual fund.

Instead, we make monthly payments for many services we use on a regular basis, such as insurance premiums, fitness clubs, telephone service, and so forth.

So, huge carbon savings, and since interest rates are below 10 %, most any builder would install a GSHP and / or super-insulation and / or passive / active solar and / or whole house ventilation instead of a conventional HVAC system if the buyer had to consider monthly energy costs the same as monthly payments when facing the bank.

It includes certain provisions as standard including payment of rent monthly instead of quarterly, options for rent to be inclusive of service charge, a retail price index linked rent review and repair to be linked to a schedule of condition.

If instead your minimum monthly payment is calculated as a percentage of your total balance (say 2 to 4 percent), then the money goes an even shorter distance financially, since it's deliberately devised not to outpace the interest compounding on your bill.

«More widespread rent growth could mean home - buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.»

If, instead of paying off a higher interest rate, this additional R600 a month is paid into the bond as an extra monthly payment on a lower interest rate loan, it makes an enormous difference to the interest payable and the term of the loan.

There are many reasons such as you have an emergency and you need a lump - sum payment, instead of monthly payments.

As I've said a million times, it is better if you can pay the seller every month instead of getting a loan from a bank or lending institution that usually has a higher interest rate and a higher monthly payment which prevents the investor from making even a meager monthly cash flow.

Instead of minimum monthly payments, as with a home equity loan, you'll have set monthly payments that you'll need to make for a set term or risk default.

Because of the structure of FHA HECM loans, the borrower can use the proceeds from the loan as a line of credit, choose to get monthly payments instead, or a combination of the two.

An escrow account lets you pay your homeowner's insurance and property taxes monthly as part of your mortgage payment, instead of in a large lump sum.