You loan requirements fall within the small
balance loan scenario with loan amounts from $ 250K - $ 2M.
Not exact matches
The absolute worst case
scenario if you're not insolvent AND in the highest tax bracket (which would be very rare given the income level required) would be 37 % — meaning you effectively see 2/3 of your student
loan balance disappear.
In this
scenario, when you begin your repayment period, you would actually have a
balance of $ 18,825 when you start repaying your
loan 51 months later.
In such a
scenario, the customer can opt for taking a top - up over & above the
balance transfer amount which can serve a dual purpose in terms of shifting high interest rate
loan as well as getting additional funds.
One
scenario is where a student
loan could be reported as having an outstanding
balance of $ 10,000 when in fact it was paid in full years ago.
In the above
scenario, the homeowner may have been paying off a $ 500 - per - month student
loan and wrapping it into her new
loan balance.
However, the situation is far more problematic in
scenarios where the
balance of the life insurance policy
loan is approaching the cash value, or in the extreme actually equals the total cash value of the policy — the point at which the life insurance company will force the policy to lapse (so the insurance company can ensure full repayment before the
loan collateral goes «underwater»).
I've yet to refinance someone out of seller financing that was fully amortized, with no professional
loan servicing, where the old lender and my borrower did NOT disagree about the current
balance (except in
scenarios where only one party does the math...).