Sentences with phrase «during the term of the loan»

The outstanding loan balance at any given time during the term of a loan can be calculated by finding the present value of the remaining payments at the given interest rate.
Look for the following information in the ad, or ask the lender these questions: * Will the interest rate or the monthly payments change during the term of the loan?
While amortization periods are typically used to get a better idea of what interest you will pay during the term of a loan it's also an important benchmark for lenders.
ARM products are less risky for mortgage lenders, because if interest rates rise during the term of the loan, the lender gets more interest income.
An interest rate that may fluctuate during the term of a loan, line of credit or deposit account.
In a balloon payment the borrower does not make any payments during the term of the loan.
The lender's concern is merely that you will make the repayments in full during the term of the loan.
Thus the borrower does not have to service the debt during the term of the loan.
Even though your car is used as collateral, you can still keep and drive your car during the term of the loan.
Getting a lower interest rate will save you a lot of money during the terms of your loans.
Charges for interest and mortgage insurance will accumulate during the term of the loan.
There has been no amortization of the loan balance during the term of the loan.
With a line of credit, the interest rate is variable, meaning it can increase or decrease, which will increase or decrease your cost of borrowing during the term of the loan.
Sometimes local currency becomes less valuable during the term of a loan.
However, you can't exceed 12 months in the aggregate during the term of your loan.
Interest only shall be payable on the first tier during the term of the loan, with no interest payable on the second and third Tier.
Fixed interest rates stay the same throughout the entire term of the loan, while variable interest rates may change during the term of the loan.
It includes the amount of interest you will pay during the terms of the loan, origination points and certain other items.
ARM products are less risky for mortgage lenders, because if interest rates rise during the term of the loan, the lender gets more interest income.
When a scheme capitalises interest, it generally means that the scheme does not pay interest during the term of a loan.
NetCredit then serves as the servicing middleman you deal with during the term of the loan.
If you are aware of any likely change to your circumstances during the term of your loan that could increase your expenditure or reduce your income please give us a call on 0800 169 8503 to apply.
Standard - Borrower pays the same amount each month during the term of the loan.
The Mortgage Life Insurance plan is designed to pay off the outstanding mortgage balance on your home if you die during the term of the loan.
In a home equity line of credit, if you repay the interest only during the term of the loan when the term ends you may have to pay the original amount you borrow.
In this case, the interest rate on the loan (a percentage you agree to pay on the funds borrowed) may change during the term of the loan depending on the economy.
Since it's a short term loan, it's reasonable to expect that your circumstances won't change much if at all during the term of the loan, so the fact that your income is sufficient to repay the amount borrowed — and as long as you don't have a record of defaulting on similar short - term loans — is all the lenders need to know.
For example, if you decide to take a loan against your 401 (k), there is most likely a fee tied to this, either as a single lump sum or a percentage during the term of the loan.
A fixed rate loan, where your principal and interest rate will remain the same during the term of the loan, or
If you want to ensure that your heirs gain some death benefit during the term of the loan, or after the loan is paid off, it's a good idea to have a secondary policy in place.
Loans are exempt from the new reserve requirements when the borrower has contributed equity of at least 15 percent of the appraised «as completed» value before the advancement of any bank funds, and the equity may not be reduced during the term of the loan.
Loan Balance: $ 50,000.00 Adjusted Loan Balance: $ 50,000.00 Loan Interest Rate: 6.00 % Loan Term: 24 months Monthly Loan Payment: $ 250.00 Number of Payments: 25 Cumulative Payments: $ 56,000.00 Total Interest Paid: $ 6,000.00 Note: The monthly loan payment was calculated at 24 payments of $ 250.00 plus a final payment of $ 50,000.00 Only interest is charged during the term of the loan.
This law is trying to make every lender accountable for every unknown factor that could happen during the term of the loan
Adjustable rate mortgage (ARM): This type of loan features an interest rate that fluctuates during the term of the loan in accordance with changes in the index rate, which in turn is determined by current market conditions.
Provide any false written statement in applying for any Loan subject to the terms of this Note or at any time during the term of the Loan, or
The financial situation of the borrower, during the term of the loan, may decline due to any reason.
During the term of the loan you've demonstrated months of payment history to the credit bureaus, which accounts for 35 % of your FICO score.
With fixed rate second mortgage loan, you pay fixed amount monthly, during the term of the loan.
Building equity as oppose to paying rent plus all the tax advantages can only help with a healthy retirement if one does not refi and cash out during the term of the loan.
An interest rate that may fluctuate (adjust) during the term of a loan, line of credit, or deposit account.
Provide any false written statement in applying for any Loan subject to the terms of this Note or at any time during the term of the Loan, or
People also forget because in the case of mortgages the mortgage company is quite often responsible for paying property taxes for you during the term of the loan.
Will have to check if you can do that during the term of the loan.
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