Sentences with phrase «debt during the loan term»

The key is to focus on debt payoff and avoid adding any credit card debt during the loan term; otherwise you will only compound your debt problem.

This makes it possible to cover the debt during the loan term.

Not exact matches

Thus the borrower does not have to service the debt during the term of the loan.

When purchasing a policy for a 20 or 30 year term to cover a mortgage or refinance loan, if the insured person does not pass away during that term, the lump sum paid back can be used toward any remaining debt on the mortgage.

Term life insurance is generally used to cover short - term debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collTerm life insurance is generally used to cover short - term debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collterm debts, provide additional protection during child raising, help provide the family's loss of income, and provide longer term protection to help pay off a big loan / debt like a mortgage or collterm protection to help pay off a big loan / debt like a mortgage or college.

The family of a diseased policyholder is provided with the assured financial security, in case the insured dies during the policy term and fails to pay off a debt like education loan or even home loan.

During your 40s, usually your long - term debts like car loan, home loan, etc. are more or less covered.