Sentences with phrase «as your monthly payments remain»

Good or bad, as long as your monthly payments remain punctual, have at it.

Not exact matches

In Belgium, for instance, homeowners can get an «accordion» adjustable - rate mortgage: as the interest rate changes, monthly payments remain fixed but the length of the mortgage changes.

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.

This loan option gives buyers a long time to pay off the loan (30 years) and the interest rate remains the same for that entire time, making it easier to budget monthly payments as they stay constant.

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

If you are spending 60 % of your monthly take - home pay on your mortgage payment alone, balancing your budget will be challenging so long as you remain in your home or don't find additional income.

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.

-LRB-(** PLUS PACKAGE ** AUTOMATIC ** 1 OWNER ** CLEAN CARFAX ** ICE COLD A / C ** POWER WINDOWS / LOCKS, TILT & CRUISE ** UP TO 40 MPG ** ASE CERTIFIED TOP TO BOTTOM SERVICE INSPECTION ** REMAINING NISSAN WARRANTY ** SOLD AS - IS ** FINANCING AVAILABLE WITH NO MONTHLY PAYMENTS UP TO 90 DAYS ** TRADES WELCOME **)-RRB- CARFAX One - Owner.

However, you can also refinance to manage your monthly payments, such as by stretching your remaining balance out over a longer period of time.

As soon as these questions are answered, the remaining part of each payment that goes monthly toward your loan balance is easily calculated by subtracting the interest part from the monthly paymenAs soon as these questions are answered, the remaining part of each payment that goes monthly toward your loan balance is easily calculated by subtracting the interest part from the monthly paymenas these questions are answered, the remaining part of each payment that goes monthly toward your loan balance is easily calculated by subtracting the interest part from the monthly payment.

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.

In comparison to conventional mortgages, FHA loans still remain competitive as it often results in fewer pricing hits during a cash out transaction — meaning lower monthly mortgage payments for borrowers.

You need to also include other monthly credit obligations such as minimum credit card payments and installment loans that have more than 10 months remaining.

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.

However, your monthly payments will continue to qualify for PSLF if you remain on the Pay As You Earn or Income - Based Repayment plan.

If you are spending 60 % of your monthly take - home pay on your mortgage payment alone, balancing your budget will be challenging so long as you remain in your home or don't find additional income.

Combined with access to various income - driven repayment plans that provide for monthly payments as a percentage of discretionary income, many borrowers who will ultimately default remain in good standing during the CDR measurement period without ever making a payment.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Most banks can allow monthly payments up to 33 % of your total net revenue, as long as the remaining 67 % is above 1000 euro (1400 dollar today).

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

Pros and Cons of Interest Only Mortgage Loans Although an interest - only loan can provide the benefit of a lower monthly mortgage payment and an increase in cash flow, it's important to keep in mind that none of your payment amount is applied to your loan balance; it will remain the same as long as you're making interest - only payments.

With mortgage interest rates known as «fixed mortgage rates», the borrower's monthly payments for interest and principal remain the same for the duration of the loan.

With a reverse mortgage, you can access your home's equity while remaining in the home without a monthly mortgage payment, as long as all loan terms are met, such as paying taxes and insurance and maintaining your home.

Add up your monthly revenue and estimate your monthly expenses, including items that remain the same each month (such as your mortgage and car payments) and those that fluctuate (such as eating out or groceries).

If you qualify, these student loan repayment plans almost always result in lower monthly student loan payments and student loan forgiveness as to any remaining balance at the end of the student loan repayment tern.

Sorry I mean't to add one other thought, if the card holder is carrying a high balance and their interest rates increase like the banks have been raising in recent months, this could backfire on the banks themselves, I mean since the banks give a 45 notification of the increase and the consumer is already maxed out and can barely make the payments as it is, the increased interest rates because of how the congress requires at least all the monthly interest and some of the principle to be paid on the cards, done so that consumers could reduce the amount of time to illiminate their debts, this may spawn many card holders whoms payments will increase much like those adjustable rate mortgages that people walked away from to go wild with their remaining balances on the card and then default, the whole irony is that the consumer may very well use the card thats damaging them to pay for bankruptcy proceedings lol!

Another benefit to the Pay as You Earn Plan is that you may remain on the plan after your financial hardship has passed, though your monthly payment will be adjusted as your income grows.

If you borrow $ 200,000 to buy a house, the monthly payment will remain constant, but the portion of the payment that goes to interest and principal will change each month as the loan is balance is reduced.

Since the interest rate stays the same, the monthly payments remain fixed as well.

The homeowner may face varying monthly bills as his property taxes change or his homeowners insurance premiums adjust, but his mortgage payment remains the same.

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.

When a buyer assumes a mortgage, he will continue to make the same monthly payments at the same interest rate as the seller was doing for the remaining term of the mortgage.

This of course simplifies the added expense of taxes and insurance on a larger house, but the fact remains that your increasing equity allows you to get a bigger house for your monthly payment as you «upgrade» over time... as long as home prices don't go down...

Even if you have other monthly debt obligations, like a car payment or a student loan, your front - end DTI will remain the same, as it only accounts for housing costs.

Even if you miss just one monthly payment and then start making payments again, your loan account will remain delinquent until you repay the past due amount or make other arrangements, such as deferment or forbearance, or changing repayment plans.

Permanent Life insurance remains in effect so long as you are living and keep making your monthly premium payments, hence the name «permanent».

There are even chronic illness riders that offer additional benefits, such as the owner receiving a stream of monthly payments up to 100 percent of their remaining death benefit.

«As always, whether the goal is to lower one's monthly payment or to take equity out of the house for other purchases, borrowers should carefully review their own financial situation, consider the length of time they plan to remain in the home, and make sure to fully account for all closing costs when considering refinancing their home mortgage,» Mike Fratantoni, the MBA's Chief Economist, says.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

As long as there is enough money in the savings portion of the account to make the monthly premium payments, the life insurance remains in effecAs long as there is enough money in the savings portion of the account to make the monthly premium payments, the life insurance remains in effecas there is enough money in the savings portion of the account to make the monthly premium payments, the life insurance remains in effect.

Under this benefit, the insured has the flexibility to split the life cover amount for the nominee to receive as lumpsum and the remaining life cover will be paid in equal monthly payments for 10 years.

Home ownership remains an attractive option, as monthly mortgage payments are relatively affordable compared to market rental rates.

While a borrower's fixed - rate monthly mortgage payment remains the same for the life of the loan, the amount of payment going toward the loan's principal and interest varies monthly as it is paid down.

A popular benefit of reverse mortgage loans is the fact that you remain the owner of your home as you pay no monthly mortgage payment and receive a portion of your home equity in cash.

With a reverse mortgage, you can access your home's equity while remaining in the home without a monthly mortgage payment, as long as all loan terms are met, such as paying taxes and insurance and maintaining your home.

If the term of the loan remains the same as that of the original adjustable mortgage loan, the borrower's monthly payment will increase, as the fixed rate will be higher than the adjustable rate.

In the case of a $ 1,000,000 at a 4 % fixed rate 10 year term and 30 year amortization is the math that you figure your monthly payment and interest as if the loan term is 30 years, but there is a balloon payment in year 10 for the remaining principal balance?

The interest rate remains the same for the duration of the loan which makes it a bit easier for homeowners to budget their monthly payments (as they always stay the same.)