Sentences with phrase «equal payments over»

Second mortgages are characterized by a fixed amount of money lent with that amount having to be repaid in equal payments over a fixed period.

You can tell the insurance to pay out the proceeds of the policy in equal payments over a period of 10 years for example.

Very worst case scenario, it is as if you are making equal payments over 12 - years if your income is still low.

Second mortgages are characterized by a fixed amount of money lent with that amount having to be repaid in equal payments over a fixed period.

If you don't pay off the full amount of the loan by the end of the term, or if you can't afford to make equal payments over the life of the loan, the final payment must be made as a lump sum.

You receive distributions that are part of a series of substantially equal payments over your life (or life expectancy).

The additional 10 % tax generally does not apply to payments that are: • Paid after you separate from service during or after the year you reach age 55; • Annuity payments; • Automatic enrollment refunds; • Made as a result of total and permanent disability; * • Made because of death; • Made from a beneficiary participant account; • Made in a year you have deductible medical expenses that exceed 7.5 % of your adjusted gross income; * • Ordered by a domestic relations court; or • Paid as substantially equal payments over your life expectancy.For more info see: https://www.tsp.gov/PDF/formspubs/tsp-780.pdf Enjoy your retirement!

Regardless of your age, if you have left your employer, you may be eligible to make penalty - free withdrawals in the form of series of substantially equal payments over at least five years or until you turn 59 1/2, whichever comes later.

Next, you make 12 equal payments over the course of your term to repay the credit builder loan.

The total is then divided into equal payments over the life of the loan using a process called amortization.

Not exact matches

terminate either (a) each outstanding option or (b) each outstanding option that is fully exercisable as of the date of such transaction, in exchange for a cash payment equal in amount to the excess, if any, of the fair market value, as determined by our board of directors, of a share of our common stock over the per - share exercise price of each such option, multiplied by the number of shares subject to each such option.

Then you'll get fixed payments over the term of the loan equal to the interest rate offered.

The payment may be spread over 10 months in equal installments.

Summary: I would like to roll over $ 100,000 into an IRA and receive separate equal periodic payments.

If you chose another loan with an APR of 6.11 percent and defer payments until after graduation, then stretch out payments over 15 years to achieve roughly the same monthly payment, you'll rack up finance charges equal to $ 9,812 above and beyond the amount you borrowed.

Because each payment is equal to 1/2 the monthly payment, the equivalent of 13 monthly payments are made over a year.

They include the standard plan (equal payments for 10 years); extended plan (equal payments for up to 30 years); graduated plan (payments gradually increase over a period of up to 30 years); and, income contingent plan (payments based on your income and can be spread out for up to 25 years).

Fixed loan rate of up to 4.99 % APR equals payments of $ 7.91 for each $ 1,000 borrowed over an 180 - month term.

These are loans that are settled over a specified period with a predetermined number of payments of equal amounts known as installments.

An installment loan is simply a loan that is paid back over time in incremental (and usually equal) payments.

Are a series of «substantially equal periodic payments» made over the life expectancy of the IRA owner.

The promissory note will require equal principal payments over the life of the loan.

It is important to keep in mind, however, that a lower monthly payments always equals a greater sum on the total amount a borrower will spend over the life of their loan.

Requires equal monthly payments that repay the loan (including the interest) in full over the specified term

Based on these figures, our debt calculator says that at a payment of $ 750 per month, with an average interest rate of 25 %, you would be debt free in approximately 87 months, which equals out to just over 7 years.

Standard Payment Calculation The method used to determine the monthly payment required to repay the remaining balance of a mortgage in substantially equal installments over the remaining term of the mortgage at the current interesPayment Calculation The method used to determine the monthly payment required to repay the remaining balance of a mortgage in substantially equal installments over the remaining term of the mortgage at the current interespayment required to repay the remaining balance of a mortgage in substantially equal installments over the remaining term of the mortgage at the current interest rate.

Her student debt is unusually high and totals over $ 100,000 and her monthly payments are equal to what it costs to rent an apartment or pay a mortgage here in Maine.

Late payments, when added altogether over the course of a year, can equal thousands of dollars, even if we make them accidentally.

We offer instant decision loans of up to # 1000 that can be paid back over a 3 month period in 3 equal payments.

Payments must be a series of substantially equal periodic payments (SEPP) over the recipient's life (or life expPayments must be a series of substantially equal periodic payments (SEPP) over the recipient's life (or life exppayments (SEPP) over the recipient's life (or life expectancy)

What most people are shocked to find out, is that their payment can be equal to or higher than what you are currently paying and most plans are for over 5 years!

As Part of a SEPP Program For penalty - free distributions that are part of a series of substantially equal periodic payments (SEPP) over the life of the IRA holder and or his or her beneficiary, the payments must last five years or until the IRA owner reaches age 59 1/2 — whichever is longer — and the calculation of the payment amounts must be done under certain IRS - approved methods.

The distribution was made as an installment in a series of equal and periodic payments over your life expectancy, or over the life expectancy of you and your beneficiary or beneficiaries.

To make a long story short, all the IRS requires is that you start making withdrawals using «substantially equal periodic payments over your life expectancy;» and thus are not withdrawing «too much,» nor too little; and are always paying taxes on this income annually.

This plan has equal monthly payments over 10 years.

There are more than 7 - million students in default (behind on their student loan payments) as of today, equaling over an 11 % default rate and a 25 % increase from the last two - years.

Received as part of a series of substantially equal periodic payments over your life or life expectancy

With current interest rates, they could easily have a 3.5 % interest rate on a $ 900,000 loan equaling a monthly payment of about $ 4,000 and totaling over $ 1,450,000 over a thirty - year period.

Under a typical payment plan, borrowers either make equal monthly payments to retire their debt over a set period of time, typically 10 years, or they follow an escalating payment schedule in which the amount they owe gradually increases at a set rate over time.

Without information to calculate a payment based on their income, federal law requires borrowers to make monthly payments equal to what it would take to pay the loan off over 10 years.

Variable payments equal to the monthly principal and interest amortized over 20 years plus insurance and applicable fees.

If your interest rate is fixed (this is the norm), you'll make equal monthly payments over the loan's term, until it's paid off.

With most wrap agreements, once a payment is received or made by the wrapper, the wrapper enters into a countervailing transaction with the pool to pay or receive, respectively, a stream of payments over the life of the bond that was wrapped equal to the present value of the initial payment when the bond was tapped.

Over the course of the loan term, you'll make 12 equal payments to pay off the loan, which are reported to all three credit bureaus.

Standard 10 - Year Repayment results in fixed equal monthly payments over 10 years.

The loan is amortized over a much longer time period such as 15 or 30 years (i.e., payments are set so that the entire loan would be paid off after 15 or 30 years of equal monthly payments), and after 5 years, there is a balloon payment due that must be paid off or refinanced, which if not paid would result in a default and foreclosure of the loan.

The loan is amortized over a much longer time period such as 15 or 30 years (i.e., payments are set so that the entire loan would be paid off after 15 or 30 years of equal monthly payments) at a fixed or limited interest rate, and after 5 years, the loan automatically converts to a variable interest rate loan or limitations on the amount by which an already variable interest rate loan can vary are lifted.

In relation to s 2 of the 1870 Act, the Court submitted that the word «considered» showed that the section deems that payments were to accumulate day by day at an equal rate, and thus an annual employment contract must be apportioned on a daily basis over 365 days.

Singer says the insurance companies prefer providing treatment over providing a cash payment equal to what the treatment costs because victims often do not use all the treatment they are awarded.

Accordingly, a QLAC may provide for a single - sum death benefit paid to a beneficiary in an amount equal to the excess of the premium payments made with respect to the QLAC over the payments made to the employee under the QLAC.