Sentences with phrase «duration of the loan term»

Using the last row as an example, for a loan term over 15 years and an LTV over 90 %, the borrower must pay an MIP the entire duration of the loan term.

«We were able to obtain a very low, fixed - rate loan for the entire duration of loan term, with only one rate - lock and rate locked prior to initial closing,» Davis stated.

Now, the FHA loan requires MIP to be paid for either 11 years or the duration of the loan term.

While you have access to the full loan for the duration of the loan term (six or 12 months), you only pay for what you use, plus a monthly fee.

What lenders want to know more than anything else is that the applicant is able to make the repayments, and for the duration of the loan term.

Once the six months is up or the credit limit is reached, the card expires and borrowers are required to make fixed monthly installment payments for the duration of the loan term.

However, keep in mind that your loan payment will likely be taken directly from your paycheck for the duration of the loan term.

There are no limits to the size of the loan, the duration of the loan terms, (with LoanMart, our terms range from 12 - 48 months) and no limit to the ability for the lender to collect on deficient balances.

But you must choose wisely because you should be willing to commit to your next vehicle for the duration of the loan term or at least until you have paid off the negative equity and brought the loan into balance.

Most homeowners make their regular mortgage payments every month for the duration of the loan term, and never think of doing otherwise.

The pink arrow points to the mortgage interest rate that you will be charged during the duration of the loan term.

While hard copies of one's documents (application form, photocopies of supporting documents and pictures, etc.) are kept on file for the duration of your loan term, these documents are scheduled to be shredded and disposed of properly once they are no longer needed.

In addition, you can take advantage of the opportunity to continue driving your vehicle throughout the duration of your loan terms.

This assumes that a borrower makes on time payments for the duration of the loan term.

While the monthly payment will significantly depend on the duration of the loan term (eg: shorter term loans will typically have higher monthly payments), nearly every Private Hard Money Loan will require some type of monthly payment in the range of 0.3 % to 1 % of the total loan balance, per month.