Sentences with phrase «flexible payment options based»
Payment options — Most often, a home equity loan will have fixed payments for the entire term of the loan while a line of credit offers flexible payment options based on the current balance of the loan during the draw period.
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After making these payments, the borrower is able to access flexible repayment options, such as income - based repayment, which include potential loan forgiveness.
• Only one payment each month makes it easier to manage debt • Only one lender (U.S. Department of Education) also makes debt management easier • May reduce the monthly payment amount • Offers flexible repayment options • Income Contingent Repayment • Income - Based Repayment • Pay As You Earn • Repayment can be spread over a longer time period; thus, monthly payment amounts will be lower • May allow borrower to renew deferment options
Term insurance policies offer its policyholder's flexible premium payment options which enable policyholders to decide on a flexible payment plan based on their selection or convenience.