Sentences with phrase «equal any interest owing»

If inflation hits 3 %, the erosion in buying power this creates will equal any interest owing on the loan — essentially turning a mortgage into an interest - free loan.

The reason mortgages are compounded are because you are paying down the principal and the interest portion of every payment doesn't quite equal the interest owed in anticipation of future paydown of principal.

Not exact matches

This means that the penalty is actually equal to 6 times the interest you would pay in your final month — which is more than the actual interest you'd owe over the next 6 months.

Ultimately, if setup fees plus interest rate equal savings, then it's worth considering consolidating what you owe into cheaper credit lines.

Review your mortgage statement to see how much of your loan you have left to payoff, then evaluate targeting this as a goal before you retire (the «return» on your money is essentially equal to your interest rate — you'll lose the tax deduction for the interest, but if you invested the same amount you'd owe taxes on the investment return).

For the first six months, I'd owe $ 4 ($ 100 principal multiplied by 8 % annual interest divided by two equals 4 %).

ESA contributions are not tax - deductible, but they may earn interest tax - deferred until distributed, and the child will not owe tax on any distribution from the account if it is equal to or less than the child's qualified education expenses at an eligible educational institution for the year.

Members who fail to pay mortgage related payments properly due and owed to Hilton Grand Vacations ®, including but not limited to principal payments, interest payments, late fees, and service fees are subject to forfeiture of Points equal to the amount of Points accumulated in connection with Hilton Grand Vacations ®.

Storeowners who slip up will owe a penalty equal to the unpaid trust taxes, plus interest.

In the event that the non-custodial parent owes a certain amount in back child support, and the parent's total arrearages and interest equals at least three months» current support obligation, a lien can be placed on real or personal property.