Sentences with phrase «entire loan balance»

In that case, you're responsible for your entire loan balance.

If you're on the 10 - year Standard Repayment Plan, you'll have paid your entire loan balance by the time you've made enough payments to qualify for PSLF

For federal student loans, the first consequence of default is that «acceleration» kicks in, meaning that the entire loan balance is due immediately.

For federal student loans, the first consequence of default is that «acceleration» kicks in, meaning that the entire loan balance is due immediately.

It appears to me the forgiveness you are trying to obtain would be under the Public Service Loan Forgiveness (PSLF) program since that would forgive your entire loan balance.

Some may pay off your entire loan balance after 5 years with the company.

A balloon payment is when the borrower of a loan must pay off the entire loan balance in full all on one massive payment.

This means that in the event that the sale of the home does not cover the entire loan balance, then the Federal Housing Administration (FHA) pays the difference, not the borrower's family.

Title loans are also a good choice because unlike payday loans you don't have to pay back your entire loan balance right away.

All three options called for payment of the entire loan balance over the course of 30 years.

If the property is worth $ 3,000 and the loan balance is $ 2,000 then the entire loan balance is secured.

However, in some cases, it is possible that the payment toward the principal will not cover the entire loan balance by the end of the term.

The entire loan balance will become due at that time.

Remember, you can't combine PSLF and Teacher Loan Forgiveness, so unless you have a reason why you're going after Teacher Loan Forgiveness first, I would recommend waiting to get your entire loan balance forgiven with PSLF.

In reality, the only tried and true way of figuring this out is to contact each of your loan servicers individually and add up the total to find the sum your entire loan balance.

Opting for PAYE as your student loan payment plan could mean you don't have to repay your entire loan balance.

(«Deficiency» occurs if the lender doesn't get enough when it sells your house to cover the entire loan balance.)

The same goes if the primary borrower passes away, although some lenders require you to repay the entire loan balance in full if that happens.

However, there may be situations where the proceeds from the sale of the asset deposited as collateral may not be sufficient to pay off the entire loan balance.

Most consumers will get a «due and payable» that says the entire loan balance is due and must be paid within 30 days or the lender will foreclose.

I would also be halfway toward having the government pay off my entire loan balance had they allowed me to qualify based on my regular and timely payments, despite not being in the correct payment category.

• Closed - end retail loans that become past due 120 cumulative days and open - end retail loans that become past due 180 cumulative days from the contractual due date should be classified Loss and charged off.2 In lieu of charging off the entire loan balance, loans with non-real estate collateral may be written down to the value of the collateral, less cost to sell, if repossession of collateral is assured and in process.

Your entire loan balance plus accrued interest is due now.

The entire loan balance becomes due once you default.

If the sale of the home does not cover the entire loan balance, then the FHA pays the difference.

This means that in the event that the sale of the home does not cover the entire loan balance, then the Federal Housing Administration (FHA) pays the difference, not the borrower's family.

You'll get the entire maximum loan amount in one lump - sum, and you'll have to pay interest on the entire loan balance.

If you miss that 150 - day deadline your lender must send you an acceleration notice giving you 21 days to pay the entire loan balance.

(2) Your HomePath loan will most likely have a «due on sale» clause that states the entire loan balance is due at the time the property is sold.

Instead of a HELOC, you also have the option of a cash out refinance, which can give you a fixed rate on the entire loan balance.