Sentences with phrase «existing principal loan»

The original owner or new owner must pay a funding fee of 0.5 percent of the existing principal loan balance.

The original owner or new owner must pay a funding fee of 0.5 percent of the existing principal loan balance.

Not exact matches

The value of housing loan approvals and movements in housing credit outstanding track one another closely (Graph C1), although the value of approvals is typically at least double the dollar value of the movement in credit, due to repayments of principal and drawdowns of existing facilities.

The new principal, interest, taxes and insurance (PITI) monthly amount is less that the monthly PITI amount on the existing loan.

The additional loan amount which is applied for is added to the principal balance of the existing loan amount and a new personal loan is generated.

The Pre closure is a charge which the customer has to pay in addition to the existing principal balance, if he wishes to pay back the Loan before the tenure has been completed.

When applying for a Balance transfer of one or more Personal Loans the first step is to confirm the principal amount Balance of the existing loan, this amount can be calculated by procuring your Personal track or schedule.

With a Balance Transfer HDFC Bank will take over your existing Personal Loan availed from an external Bank by paying the Principal Balance of the existing Loan.

From the Principal Limit any costs to obtain the loan are subtracted, any existing mortgages and liens must be paid in full and any remaining money is the borrowers» to do with as they please.

Maximum ratios 29/41 30 year fixed rate loan only Interest rate must be lower than the existing loan to be refinanced If the final settlement statement shows nominal cash back to the borrower, that amount must be applied as a principal curtailment.

The maximum loan amount can not exceed the principal balance of the existing loan to be refinanced, plus the guarantee fee.

If the arrears are «capitalized» and the loan is «reamortized,» your lender will recalculate your payment using the existing interest rate and the new principal balance.

(If the costs of refinancing will be paid out of pocket, then the same dollar amount should be subtracted from the existing mortgage's principal balance, based on the assumption that if the refinance transaction does not take place, the money you would shell out for costs could instead be used to pay down the principal balance of the existing loan.)

Generally the new VA loan will have a lower interest rate & lower principal and interest payments than the existing VA loan.

Loan modifications typically involve a reduction in the principal balance, the mortgage lender changing the terms on an existing mortgage, the lender granting an extension of the of the terms or otherwise changing the terms without refinancing.

A mortgage customer who already has their loan closed and is currently being serviced can often elect to apply a lump sum of money against their existing principal balance and, rather than simply reducing what they owe on the loan, they end up with a reduced monthly payment.

Another is to set up a public - private partnership between the federal government and banks that would refinance existing loans at more affordable rates and even forgive some of the outstanding principal.

The principal amount balance of the existing loan will be clubbed with the new amount sanctioned.

A refinance transaction in which the new loan amount exceeds the total of the principal balance of the existing first mortgage and any secondary mortgages or liens, together with closing costs and points for the new loan.

f. Taxable amount, resulting from the difference between the new loan amount, plus the amount of advances in case of modifications, less the outstanding principal balance of the existing deed.

The new law also requires the Department of Housing and Urban Development (HUD) to establish and collect annual premiums, in addition to existing premiums, of 10 basis points of the unpaid principal balance on all FHA loans.

Principal Reduction: USDA proposes adding a principal reduction feature as a last resort to its existing foreclosure prevention techniques for loans guaranteed from January 1, 2001 through JanuaryPrincipal Reduction: USDA proposes adding a principal reduction feature as a last resort to its existing foreclosure prevention techniques for loans guaranteed from January 1, 2001 through Januaryprincipal reduction feature as a last resort to its existing foreclosure prevention techniques for loans guaranteed from January 1, 2001 through January 1, 2010.