Sentences with phrase «extended loan amortization»

Not exact matches

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

This loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization (i.e., standard or extended loan repayment).

And home buyers looking to extend the amortization on their loan above 25 years can expect a 40 basis point increase to 3.04 %.

Amortization The process of gradually repaying a loan over an extended period of time through periodic installments of principal and interest.

You may end up paying more over the life of your loan due to extended terms, increased interest rates, or negative amortization (an increase in the amount you owe as a result of not paying interest — the unpaid interest is added to your principal balance).

If you have Stafford loans with a standard, 10 - year amortization schedule, consult with your lender about switching to an extended or graduated repayment plan; while stretching your payments to 25 years will leave you owing more interest in the long run, your overall monthly payments will be cheaper.

CMHC was the first Canadian mortgage insurer to introduce, on a pilot basis, insurance on loans with extended amortization periods of up to 30 years.

Our full amortization buy and hold loan program and partial amortization buy and hold loan programs are ways for our borrowers to extend the life of their loan while reducing the principal amount.

Q. Will the new refinancing rules allow a borrower with a mortgage above 80 per cent loan - to - value (LTV) to refinance by extending the amortization period?