Sentences with phrase «face amount of a loan»

You can also reduce the face amount of a loan or surrender a certain amount of cash value to avoid incurring tax liability from a policy's lapse.

present value: $ 200,000 (the face amount of the loan is entered as a positive since you are receiving the loan proceeds at the outset)

You, or your business, would purchase a life insurance policy (a term life insurance policy) to cover the face amount of the loan.

You can also reduce the face amount of a loan or surrender a certain amount of cash value to avoid incurring tax liability from a policy's lapse.

Usually, a small fee is paid at the outset and a percentage of the face amount of the loan is added to the monthly payment.

Mortgage originators are prohibited from receiving compensation that is correlated to the face amount of the loan, which should diminish incentives for such originators to steer borrowers towards residential mortgage loans that the borrower can not repay.

Not exact matches

And unless you qualify for Public Service Loan Forgiveness, you could be facing a hefty tax bill if you have a large amount of principal and interest forgiven after making 20 or 25 years of payments in a government repayment plan.

That's meant that few politicians have really taken action on the issues facing millennial grads or done anything to reduce the amount of student loan debt they graduate with.

By letting qualified borrowers into the program — borrowers with smaller loan amounts and lower monthly payments than they now face — we should be able to reduce foreclosure levels and thus the inventory of unsold homes which is holding down home prices.

Student loan repayment is a serious problem for graduates who find themselves facing large amounts of debt just as they are trying to start their lives.

In doing this, the lender receives more cash than just the face amount of the mortgage loan when they sell it to an investor on the secondary market.

To say that the ever - growing amounts of student loans add to the hardships faced by military members and their families is a massive understatement.

In some cases, the face value of a loan is not necessarily the amount of money you receive when you sign a loan contract.

Generally, you get an amount that is equal to or less than the face value of the loan.

The face value of a loan refers to the amount of principal that a borrower has to repay the lender, which is also the amount of money that the interest payment calculation is based upon.

Essentially, if you return the full amount of loan funds via check to Discover within 30 days, your loan will be canceled, and you'll face no interest.

This is the face value, or initial amount or principal of the loan.

While you may face higher interest rates and lower loan amounts, you have good chances of being approved for a loan.

The choice between them depends on the amount of money you need to start your own business and the loan terms you are willing and able to face.

Either you will be faced with a huge tax bill because the amount of your forgiven loan is considered income by the IRS; or — as ECMC disarmingly admitted in the Murray case — you will be broke.

One man, for example, responsible for $ 900 in loans he doesn't recall taking out in the 70's is now facing an extra $ 1500 in fees, associated with the current amount of $ 2300.

American college graduates are facing an increasing amount of student loan debt.

You may face substantial closing costs for a cash - out refinance, which typically work out to 2 % to 6 % of the loan amount.

This isn't a problem you face when you own your own home, because when you enter into the mortgage agreement with your lender, you are given a schedule with your payment amounts throughout the life of the loan.

Student loan debt is among the largest financial burdens Americans face, with many estimates placing the total amount of debt at more than $ 1 trillion.

And unless you qualify for Public Service Loan Forgiveness, you could be facing a hefty tax bill if you have a large amount of principal and interest forgiven after making 20 or 25 years of payments in a government repayment plan.

The degree of credit risk for a particular security depends on the credit performance of the underlying loans, the structure of the security (that is, which classes of security are paid first, and which are paid later), and by the degree of over-collateralization (in which the face amount of the mortgage loans held as collateral exceeds the face amount of the RMBS or CMBS issued).

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

Even conventional borrowers with ARM and hybrid mortgages could face a crunch, especially those who stretched their finances to buy a home, those who took advantage of loose lending standards by taking out big loans without showing documented proof they could afford it, and those whose home values have plummeted below the mortgage amount.

Chapter 7 bankruptcy is often an option for people facing high amounts of credit card debt and debt stemming from medical bills or payday loans.

The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.

The death benefit is the face amount or coverage amount of the policy that will be paid to the named beneficiary upon death of the insured (less any outstanding policy loans and interest).

American General Life provides two different living benefits with this policy: a Chronic Illness Benefit and a Terminal Illness Benefit.The Chronic Illness Benefit outlines that if you can not perform certain activities of daily living or if you are diagnosed with a severe cognitive impairment, American General Life Insurance Company will return all of your premiums paid up to 50 % of the policies ultimate face amount less any policy loan balance and an administrative fee.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

If you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that option).

Loans allow the owner to access money without reducing the face amount of the policy.

Also, loans and withdrawals reduce the face amount of the policy and increase the chance a policy may lapse.

A: The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.

Your face amount, or «death benefit» is paid to your spouse or heirs upon your death, allowing them to cover any loss of income and pay off any debts you might have, such as a mortgage or a major loan like the one you are pursuing from the SBA.

A policy loan reduces the cash value of the policy and also the face amount.

A type of policy that pays a portion (typically 25 \ % or 50 \ %) of the death benefits (the face amount of the policy, less any outstanding loans or fees) in case of a specified illness or medical emergency.

«If the loan is not paid back before death, the insurance company will reduce the face amount of the insurance policy when the claim is paid,» says Ted Bernstein, CEO, Life Insurance Concepts, Inc., a life insurance consulting and auditing firm in Boca Raton, Fla..

It is important to note the amount accelerated is treated as a policy loan and is deducted from the face amount of the policy along with any accrued interest and administrative fees.

6) If there is a loan balance at death, it will be deducted from the face amount of the policy.

The creditor can be the beneficiary for the amount of the outstanding loan, with the face value decreasing in proportion to the decline in the outstanding loan amount.

Whatever money you take out as a withdrawal or as a loan, is simply deducted from the face amount (death benefit) of the policy.

The U.S. banking industry has recovered steadily from its doldrums during the Great Recession; however, many lending institutions are still faced with a significant amount of troubled real - estate loans...

Although Opus declined to disclose the specific dollar amount on outstanding debt, if Opus South is any indication the company is facing hundreds of millions of dollars in maturing loans over the next two years.

After the office segment, retail has the highest amount of CMBS maturing in 2017 currently in special servicing — which usually means borrowers have already missed a payment or are otherwise facing issues that could impact loan performance — according to CMBS research firm Trepp.

The degree of credit risk for a particular security depends on the credit performance of the underlying loans, the structure of the security (that is, which classes of security are paid first, and which are paid later), and by the degree of over-collateralization (in which the face amount of the mortgage loans held as collateral exceeds the face amount of the RMBS or CMBS issued).