Sentences with phrase «because scheduled repayment»

Short term financing is referred to as an operating loan or short term loan because scheduled repayment takes place in less than one year.

Not exact matches

Even though these programs tend to be more expensive than loans and lines of credit, a large group of merchants turn to them because they can gain access to financing more quickly and easily and because the repayment schedule tracks their business performance.

Lowering closing costs also lower the APR because such fees raise the final price of your mortgage, while condensing the repayment schedule into 15 years raises the APR..

Because small - dollar loans (also known as small - figure loans) deal in small increments of money, they also tend to be short - term with quick repayment schedules.

Additionally, because of their brief repayment schedules, short term loans do not require serious commitment — the borrower is not indebted to the lender for a significant period of time.

This is because individual loans have differing terms, like interest rates, repayment schedules etc..

And because each loan has its own interest rate and repayment schedule, the monthly costs can be very steep.

This is because the two loan types have very different benefits, with federal loans boasting lower interest and more flexible repayment schedules than loans from private companies.

They have just prolonged their debt repayment schedule because they did not have the cash to handle emergencies.

This is because APR calculations assume long - term repayment schedules; for loans that are repaid faster or have shorter repayment periods, the costs and fees are spread too thin with APR calculations.

This means that if your income changes from month to month, you may not want to choose an IVA as a debt solution because you will not be able to properly judge whether or not you can stick to the repayment schedule.

Unfortunately, students also find it hard to meet repayment schedules because of their limited income.

And when it comes time to repay your loan, sometimes you can even improve your credit because as a customer you actually can't be late on a payment — when you sign for your loan, you'll confirm your agreement for the scheduled repayment dates, and the loan re-payments are automatically drafted from the same bank account that you used to receive the funding at the beginning of the loan.

Second mortgage loans are normally offered at a fixed loan amount on a repayment schedule — they are popular because once someone owns a home they use the increase in their homes value to their advantage needing cash flow or the use of the equity amount in their home to consolidate bills.

Don't let the repayment schedule dictate when you get out of debt because the repayment schedule wants you to be in debt for 10 - 20 years.

One commenter suggested that we extend the amortization period from 10 years to 20 years because the commenter believed a 20 ‐ year amortization schedule would more accurately reflect the actual time until full repayment for most borrowers.

Because I was so uninformed as a student borrower, Achieve Lending also seeks to empower consumers by providing financial education on terminology used within the loan shopping process, such as repayment schedules, penalties, forbearance and other benefits of certain loan products.