Sentences with phrase «cash value of the loan»

Not exact matches

If you have any valuable assets (i.e. inventory, equipment, vehicles, electronics, property, contracts, pending invoice payments, etc.) you may be able to sell some of these at market value to generate quick cash, or use them as collateral in obtaining a secured loan.

And if you take a loan that is equal to the cash value of the policy, the insurance company will force the policy to lapse and you will be hit with a large tax bill.

You are also able to take money out of your cash value as a tax - free loan.

«The public funds, at least in Pennsylvania, are structured to enable the bank to make a loan that they might not be able to make without the public debt behind them by enhancing the loan - to - value, reducing the risk to [the bank], and then passing on some benefits [to the borrower] in the form of lower interest rates, which help cash - flow issues.»

He had paid cash for her house in Gainesville, valued at roughly $ 900,000, but he says one of his financial advisers took a loan out against it in his name without his knowledge — which left Hearn - Pearson as one of her son's largest creditors.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

So now it's 2015, I'm 4 months from graduating college, I'm making 70k as a project manager (been working here for 2 months), putting 10 % of my income into my 401k (currently valued at 10k, & 50 % is matched by my employer, i'm at their max for matching), living at home with my parents, I have 3k in CD's, $ 26k in savings, and have no debt whatsoever (paying $ 8k per year for school in cash, so no student loans).

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

OnDeck loan approvals are based upon healthy business fundamentals like cash flow, not based solely upon the value of any particular business asset.

But you need to either pay interest out - of - pocket annually or carefully monitor the size of the loan as compared to the policy's cash value.

A life insurance policy loan is just a loan from the insurer in which the cash value of your policy is used as collateral.

The cash value behaves like an investment as it grows tax - deferred with interest, as determined by the type of policy, and can be used as collateral for a loan.

Nevertheless, traditional lenders are likely to weight the value of your personal score more heavily than many online lenders do, so if you have an otherwise healthy business and can demonstrate that your business has the cash flow to make timely loan payments, it is possible to qualify for a loan with a less - than - perfect personal credit score.

In addition if the loan, plus unpaid interest, exceeds the size of the cash value, your policy will lapse and you can lose your coverage.

Your title loan size may be determined by the amount of cash you need, your vehicle's value, and your ability to repay.

The policy loan provision stipulates the amount you can borrow against your cash value, the rate of interest, and other terms for policy loans.

Unlike traditional lenders that offer you a loan secured by the value of your accounts receivables, receivables factoring lets you sell your outstanding accounts receivables for an immediate influx of cash without the burden of repayment from you, rather from your debtors

Generally speaking, loans and partial surrenders from MECs result in immediate taxation to the extent that the cash value of the contract exceeds the premiums paid.

The amount of the loan will largely be dependent on the value of your underlying asset and how easily they can be converted to cash should the need arise, although not desired.

In terms of taxation, the excess of the cash surrender value of the policy (plus any outstanding loans) over your basis in the contract is treated as taxable income.

The VA cash - out refinance remains one of the more attractive cash - out refinance options due to the high loan - to - value maximum, lack of monthly mortgage insurance, and lenient FICO score guidelines compared to other cash - out loan programs.

Customer further acknowledges their personal responsibility for the negative equity on their trade - in (calculated as the difference between the actual cash value of the trade - in and the amount owed on the loan).

The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company.

This is an important factor for refinance loans that require a minimum loan - to - value (LTV) percentage and for cash out refinances where you want to take a specific amount of cash out of your existing equity.

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

As the policyowner accumulates cash value inside the policy, the person can access the cash value, through loans or partial surrenders, which can be used for a variety of personal needs, such as quick cash for an emergency or to help supplement retirement income.

You can get a cash out loan up to 75 % of the current value, netting about $ 37,000.

VA cash - out: Eligible military veterans can take a new loan up to 100 % of their home's value.

Merchant cash advance loans can also be of value in these types of cases, giving you access to flexible funding with payback options based on your future credit sales.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

For example, if the value of the investments dip below what you owe, your lender could call the loan in and demand extra cash to make up the difference.

Selling loans isn't a good way to boost your revenue (since the value of the future payments is hopefully larger than the amount loaned due to interest), but it would provide immediate cash to pay down a deficit.

As most of these loans were collateralized by land whose values plummeted after the bubble burst, and cash flows were inadequate to repay the loans, these became nonperforming.»

As an optional addendum to your loan and designed to help cover the difference between the vehicle's actual cash value and the outstanding loan balance after a total loss, having a GAP Waiver can reduce or eliminate those out - of - pocket expenses.

Insurance typically pays the vehicle's actual cash value rather than the amount remaining on your loan or lease, which could leave a financial «gap» of thousands of dollars.

Part of the strategy is to work with mutual life insurance companies that allow flexibility in borrowing from the policy and allow the cash value to accrue regardless of outstanding policy loans.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

Whether you want to get rid of your coverage and cash out your life insurance or simply take out a loan, there's a variety of ways to take advantage of your policy's cash value.

Apart from the practical value of providing your kid with an alternative to cash, if only for emergencies, a credit card in their name will allow them to begin building a credit record that could eventually facilitate getting student and car loans, a mortgage, and more.

Most insurance companies only pay the cash value, regardless of how much you owe on your loan.

In the next few steps you'll provide your ZIP code and details about the estimated value of your home, your remaining loan balance, whether or not you have additional loans on the property, whether you want to borrow additional cash, and how long you plan to own the home.

But you need to either pay interest out - of - pocket annually or carefully monitor the size of the loan as compared to the policy's cash value.

Guaranteed Asset Protection (GAP) with Auto Advantage covers the difference between the cash value of your vehicle at the time of theft or total loss and what you actually owe on your loan.

The cash value behaves like an investment as it grows tax - deferred with interest, as determined by the type of policy, and can be used as collateral for a loan.

A life insurance policy loan is just a loan from the insurer in which the cash value of your policy is used as collateral.

Plus, if the total outstanding loan reaches the size of your policy's cash value, the policy will lapse.

The result of a new car's quick depreciation is a policy limit or an actual cash value of a car that is less than what is owed to a loan or leasing company.

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications aside from the amount of cash value you have available.

When the size of the loan exceeds your policy's cash value, the life insurance policy will lapse, meaning you lose your coverage.

Please note that any loan in a CAD / USD margin account is collateralized by the stock, and if the value of the stock drops sufficiently, the account holder has the opportunity to either transfer more cash, or sell a portion of the stock to satisfy the account margin requirements.