Sentences with phrase «free loan proceeds»

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds that can be used without restriction.

These loan products allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can choose to spend however they want.

Not exact matches

Failure to proceed with a joint reform has led the banking and financial sector — along with its major client base, the real estate sector — to scale back property taxes and «free» the economy with taxes so that the revenue can be pledged to the banks as interest to carry larger loans.

Flexibility: If your personal loan is granted, you are free to use the proceeds on anything of importance to you.

Reverse mortgage loan proceeds are tax - free as it is not considered income.

If you own a truck free and clear, you may use the title loan proceeds to pay for an RV.

This assumes the loan will eventually be satisfied from income tax - free death proceeds.

Income - tax - free treatment also assumes the loan will eventually be satisfied from income - tax - free death benefit proceeds.

To discharge your student loans using an Adversary Proceeding you are going to have to have other debts that you need to be free from... -LRB-

The difference with permanent life insurance is that withdrawals are NEVER required, and thus the tax free growth may never be taxed, and even if proceeds are taken in the form of a life insurance policy loan, these proceeds aren't taxed either.

You can also speak to a local attorney for free advice on how you can proceed against the erring title loan lender.

This assumes the loan will eventually be satisfied from income tax free death proceeds.

You will never regret in this loan transaction because i will make you smile through out this transaction, because you where not born to be a loser my terms and conditions are very simple what are you waiting for asap why don't you try Mr Evans Johnson loan company and be free from debts, Any interested clients should contact me Asap via Email: ([email protected]) for further proceeds.

Feel free to visit or contact our office to find out how much we can lend you before you decide to proceed with the application for title loans.

The proceeds from the loan are tax free.

failure by Borrower or the Principal (s) to perform the obligations contained in the Loan Documents to prevent waste, keep the Property free of any hazardous waste as required by any applicable governmental authority, maintain insurance coverage, pay over insurance and condemnation proceeds, and pay ad valorem taxes and assessments with respect to the Property;

The good news about using permanent life insurance as part of your investing strategy is that the funds accumulate on a tax deferred basis, the proceeds given to beneficiaries is also free of federal income tax, and as your life insurance needs dwindle when you get older you can access the difference through policy loans.

Income - tax - free treatment also assumes the loan will eventually be satisfied from income - tax - free death benefit proceeds.

In other words, to the extent that a life insurance loan is simply a personal loan with the insurance company that is repaid from the death benefit proceeds, the policy loan repayment is as «not taxable» as any loan repayment is, and the tax - free life insurance death benefit remains tax free.

This assumes the loan will eventually be satisfied from income tax free death proceeds.

This assumes the loan will eventually be satisfied from income tax - free death proceeds.

Income - tax - free treatment also assumes the loan will eventually be satisfied from income - tax - free death benefit proceeds.

The death benefit is paid out tax - free — simply by virtue of being a life insurance death benefit — and the tax - free proceeds are then used to pay off the (personal) loan, with the remaining proceeds paid out to the beneficiary.

proceeds of loans against life insurance cash value are non-taxable and (contrary to conventional loans) remain tax - free even when they are not repaid

360 Degrees of Financial Literacy, a website maintained by the American Institute of Certified Public Accountants, notes that the proceeds of loans against life insurance cash value are non-taxable and (contrary to conventional loans) remain tax - free even when they are not repaid.

Reverse mortgage loan proceeds are tax - free as it is not considered income.

The family refinanced into a 30 - year loan with the same monthly payment and used the proceeds to payoff the home in Hawaii, free and clear.

³ Loan proceeds are paid tax - free; consult your tax advisor.