Sentences with phrase «balance of one's loan»

The fee is calculated on the basis of the remaining outstanding principal balance of the loan prior to applying the current payment.

You need to make 120 qualified loan payments in order to have the remaining balance of your loan forgiven.

If they are unable to recover at least the outstanding balance of the loan through resale, you will be on the hook for the difference.

This implies that you'll have to fact higher monthly payments or even be required to pay the entire balance of your loan at once.

Your Federal benefits will disappear if you do this, and you'll end up owing the full balance of your loan over time.

• The entire unpaid balance of your loan and any interest is immediately due and payable.

Tip: Your monthly payment amount is determined by the principal balance of the loan when you start making payments, the interest rate on the loan, and the repayment term.

This is a simple calculator that shows you the principal balance of your loan over its entire term.

Any amount paid to reduce the principal balance of a loan before the due date.

You need to have a good grasp of your income, expenses, and total balance of all your loans.

Interest earned by the lender always is equal to the periodic interest rate times the outstanding principle balance of the loan.

If the house is sold, the remaining balance of loan becomes due.

After you have paid in full the outstanding balance of your loan account, you may apply for a new loan.

If you work in government service or for a non-profit for ten years, you can have the full balance of your loan removed.

The first thing is that the entire balance of your loan immediately becomes payable, including the interest.

The combined balance of the loans could be $ 45,000.

One warning to keep in mind: if you should lose your job, you will usually be required to pay back the entire balance of the loan within 30 or 60 days.

The date on which the remaining balance of a loan financial instrument becomes due and payable.

However, as the principal balance of your loan begins to fall, it will help this category more and more.

If you're using a spreadsheet, list this out next to the corresponding balance of each loan account.

You then send a check to your lender each month, paying back the principal balance of that loan along with interest.

As we've already seen, being in default means the full balance of the loan falls due.

The following methods may not immediately lower your payment, but they do cut down on the overall balance of your loan.

Simple Interest Interest is due on the unpaid balance of a loan, but not on any accrued interest.

Without you, they'd end up with the entire remaining balance of your loans.

When you do this, you will reduce the total balance of your loan.

Interest rate is the proportion of the amount charged by the lender on the outstanding balance of a loan.

Once a student loan goes into «default» status the full balance of the loan becomes due immediately.

Technically, when your loan defaults, the entire balance of the loan becomes due immediately — talk about terrifying.

The addition of unpaid accrued interest to the principal balance of a loan increases the outstanding principal amount due on the loan.

In the future if you defaulted on the loan for some reason and the credit union forgave the remaining balance due on the loan, you may be required to report the remaining balance of the loan as income on your tax return.

To determine your estimated equity, just subtract the outstanding balance of your loan from the estimated value of your property and you will have a great starting point for determining what types of refinance loans will work for you.

I'll venture to guess that you've paid close to the entire principal balance of your loan in interest payments, but that's how your credit card company makes money — they soak you with fees and interest.

One unique benefit with First Republic loans is that it gives you back the interest that you paid on your loan up to 2 percent of the original balance of the loan if you pay off your loan in full in four years.

By affecting a Balance Transfer of your personal loan, the current balance of the loan amount will be paid back by the bank offering the Balance Transfer and a new EMI will be inducted as per the lowered rate of interest.

However, in Louisiana and Mississippi, in no event will the amount of closing costs that you repay to us exceed 5 % of the unpaid principal balance of the loan at the time of prepayment in full.

In many cases, especially large loans must be guaranteed by a life insurance company so that the bank doesn't stand to lose the full balance of the loan upon the borrower's death.

Balloon Payment A larger than usual payment used to pay off the outstanding balance of a loan without penalty.

If the original balance of the loan is less than $ 25,000, the maximum legal interest rate is more than 5 % above the FRBSF Discount Rate at the time the loan is made.

The mortgage acceleration clause is a provision in the mortgage loan contract that provides the lender with the legal right to demand repayment of the remaining balance of the loan under certain circumstances, usually when a contractual obligation is violated.

Balloon Payment Mortgage: A loan with fixed monthly payments based on a 30 - year schedule of payments, but the entire balance of the loan comes due at the end of a set period, usually five, seven or ten years.

Payment options — Most often, a home equity loan will have fixed payments for the entire term of the loan while a line of credit offers flexible payment options based on the current balance of the loan during the draw period.

A weighted average means that the loans with a higher balance influence the interest rate more than loans with a smaller balance — the overall impact of each old loan on the new interest rate is proportional to the comparative balance of that loan.

EDMONTON, ALBERTA - In the news release, «CWB reports financial performance for the fourth quarter and fiscal 2016,» issued earlier today by Canadian Western Bank (TSX: CWB), balances of loans classified as past due but not impaired were overstated within the Credit Quality section of the release.

Only about 3.3 percent ($ 54.1 billion) of the unpaid principal balance of the loans included in CRT has been transferred — using virtually all back - end transactions.

This process and agreement does not necessarily release the homeowner from the obligation to pay the remaining balance of the loan known as the DEFICIENCY.

You may not be a sure thing (for credit or loan life insurance): Personal loan and line of credit insurance programs offer life protection for the insured balance of your loan or credit line.

daily balanceCombined balances of loans and deposits of $ 50,000 +