Sentences with phrase «as the monthly payment amount»

The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments.

Not exact matches

The benefit to having credit cards is that you can determine how much you spend using them, then decide how much you wish to pay back each month, as long as that amount is equal to or greater than the minimum monthly payment due.

The monthly payments for this loan are more expensive than with a 30 - year mortgage as you are paying off the same amount of money in half the time, but you will pay less interest.

If you want to lower your monthly payment amount but are concerned about the impact of loan consolidation, you might want to consider deferment or forbearance as options for short - term payment relief, or consider switching to an income - driven repayment plan.

The interest rate is expressed as a percent of the total loan amount and your lender will add it to the principal to calculate the monthly payments you'll need to make to pay off the loan by the end of its term.

You can pay back as much over the minimum monthly payment as you choose every month until the end of the loan period, when the entire principal amount is due.

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

If you're enrolled in Income - Based Repayment, Income - Contingent Repayment or Pay As You Earn, your monthly payment will revert to the amount you would pay on the standard repayment plan, meaning it will no longer be based on your income.

Unlike a traditional small business loan, interest is paid only on the amount of credit used, as long as you make the minimum monthly payment.

Students who rack up a large amount of debt and begin their careers in an entry - level position can be particularly at risk, especially if they owe larger monthly payments on high - interest debt, such as private student loans.

There are options available to lower your monthly payment amount (as low as $ 0 per month)!

Each option carries its own array of loan terms, such as time period for repayment and whether the monthly payment amount increases over time.

However, your monthly payments will be higher because you have half as much time to repay the same amount of borrowed money.

The monthly payment amount stays the same as well.

Of course, you'll have to pay the loan back in monthly payments, which includes fees and interest rate charges as well, but you'll have the entire amount you've been approved for at your disposal.

Even though the composition of the mortgage payment changes overtime (as shown in the chart above), the monthly payment amount will remain the same.

Why it matters: This is an important topic for anyone considering an adjustable mortgage product, because it affects the monthly payments as well as the total amount of interest paid over time.

How it works: When you die, your spouse is eligible to receive your monthly Social Security payment as a survivor benefit, if it's higher than their own monthly amount.

Although choosing a shorter loan term may lower the amount of interest paid over the life of your new loan, it may not lower your monthly payment amount as much as a new 30 - year term loan might.

For instance, increasing the amount you offer as a down payment can help demonstrate to mortgage lenders that you intend to follow through on your monthly obligations as a borrower.

There is an upfront mortgage insurance premium (MIP) that equals 1.75 % of the loan amount, as well as an annual MIP that is typically paid 12 times per year as part of the monthly mortgage payment.

The total amount paid as a lump sum and monthly payments will be equal to the amount that would have been paid had the member not elected to receive a lump - sum payment.

This increases the size of the borrower's monthly payments, as well as the total amount of money paid over time.

I had a lot of questions, and had to roll a lease from Ford into my new lease I wanted to get through Jeep, so Max made sure to work as hard as possible to get the payments down under my maximum monthly payment amount.

Even though you set up a predetermined payment date and monthly payment amount, most merchants let you modify or cancel an automatic payment as long as you do so before the payment processing date.

While your monthly savings stays the same, the amount of finance charge you pay with each payment decreases as your loan balance falls.

You may also be required to have set aside 2 or more monthly mortgage payments as reserves, depending on the loan program and / or loan amount.

Your possibilities as regards to loan amount and repayment program length will be limited and you will need to show proof of a suitable income for affording the monthly payments and other expenses without sacrifices in order to get approved.

Federal student loans come with more options for repayment, such as income - driven repayment plans, which use a borrower's income and family size to determine the minimum monthly payment amount.

A financial institution will approve a borrower for up to a set amount and the borrower has full use of the funds as long as they don't overdraw the account and continue to meet their monthly payments.

Loan originators for these types of debts also have significant latitude in repayment terms and are able to defer payment, reduce monthly payment amounts and renegotiate terms as necessary.

But the Federal Truth in Lending Act requires that if an ad includes certain credit terms, such as the amount or percentage of the downpayment (in a credit sale), the amount of the monthly payment, the length of the loan, or the amount of the finance charge, it also must include all of the following information:

Specific information about each account, such as the credit limit, date opened, and the loan amount, monthly payment, balance, and the pattern of payments during the past few years.

The service combines all the high - interest loans to enable a single convenient monthly payment that could be as less as half your current amount.

Because the rate you lock in can significantly affect your monthly payments, as well as the amount you pay over the life of your loan, it's important to get the best deal possible, right from the start.

The third plan allows parents to set their own monthly payment while the student is in school as long as the interest amount is met each month.

Although workers can claim Social Security as early as age 62, waiting until normal retirement age — which is age 65 + for people born in 1942 or earlier, 66 for people born from 1943 to 1959, and age 67 + for people born afterward — will generate a «baseline» amount of monthly payments.

If you want to get out of debt faster, you can decide to maintain the amount you were paying as monthly payment before the debt consolidation.

As a result, you have one monthly payment versus many payments with varying dates and amounts.

Not just the monthly payments — think about the loan as a whole amount.

If you pay only the amount of interest that is due, once the interest - only period ends, you will still owe the original amount that you borrowed and your monthly payment will increase significantly because you must pay back the principal as well as the interest, even if interest rates remain the same.

On the upside, your credit score will improve monthly as you pay your monthly payments on time, removing past due amounts and collection accounts.

The consolidation company will keep a certain amount of each of your monthly payments to them as their fee.

3 Monthly principal and interest («P&I») examples are based upon a loan amount of $ 100,000 and evidence how payments may adjust subsequent to the initial fixed rate period by utilizing the fully indexed rate as a target rate.

Payments can be given all at once in a lump sum, as a regular monthly term payment or through a line of credit at times and in amounts that you choose.

Your monthly minimum payment on your personal line of credit may be a fixed amount, such as $ 30, or a percentage of the owed balance, plus fees, interest, and other charges.

With a revolving account you've got a credit limit, but the amount of debt outstanding varies more or less continuously, as does your monthly payment and, potentially, your APR..

In this way, as you pay down a car loan, the amount of interest charge you pay decreases while the amount of principal you pay for increases, all while the monthly payment remains the same.

The premium could be paid to the life insurance company as a lump sum, an annual or semi-annual payment, or monthly amount, for example.

Enter «Mortgage Amount» in cell A1, «Term in Years» in cell A2, «Interest Rate as a Percent» in cell A3, «Monthly Payment» in cell A4, «Total Payments» in cell A5 and «Interest Payments» in cell A6.