Sentences with phrase «at loan inception»

Unlike other forms of conventional financed mortgage insurance, the UFMIP on an FHA loan is prorated over a three - year period, meaning should the homeowner refinance or sell during the first three years of the loan, they are entitled to a partial refund of the UFMIP paid at loan inception.

The cost of a home appraisal is typically a closing cost fee paid in advance by the home buyer at loan inception, after offer acceptance.

Not exact matches

LoanMart's staff is helpful, skilled, efficient, and trustworthy, and makes sure that you feel like a member of the LoanMart family at the inception of your car title loan.

The applicable Sum Assured as at the end of the policy month immediately preceding the date of death of the member as per this loan schedule at inception will be paid 2) Level Cover (for interest only loans T&C 6)-- In case of level cover option the full Sum Assured opted for at inception will be paid

Maturity Benefit No amount is payable on maturity 1) Reducing Cover - The death benefit will be as per the monthly loan schedule stated at inception of the member contract.

The plan covers the loan liability as per the monthly loan schedule at the inception of member contract

On death, the applicable Sum Assured as at the end of the policy month immediately preceding the date of death of the member as per this loan schedule at inception shall be paid.

Decreasing Cover * - The Risk Cover or Sum Assured will reduce as per the Sum Assured Schedule (SA Schedule) derived using the Loan Interest Rate & the Coverage Term at the time of coverage inception.

Housing Loans and Loans Against Property: $ 50,000 per member Other Loans *: $ 5,000 per member The Sum Assured on Death at inception can not be lower than the loan amount sanctioned

• Verify and validate initial information at the inception of the loan.

The amounts and times of adjustment are agreed to at the inception of the loan.

The rate change is agreed to at the inception of the loan.