Sentences with phrase «greater than the loan»

CD term must be equal to or greater than loan term.

That is why lenders will like the value of any asset being pledged as collateral to be equal or greater than the loan amount.

However, a net worth equal to or greater than the loan isn't always the rule.

Of course, taking money against the policy will reduce the death benefit but this isn't a problem if your needs have adjusted, your policy accrues interest greater than your loan, or you have the ability to repay the loan.

When I did my first commercial loan with my LLC they wanted my net worth to be greater than the loan they were giving me.

If the appraisal comes back equal to or greater than the loan amount you have offered on the home then all is good.

Not exact matches

One problem is that banks are approving loans for greater amounts than people can afford, he says.

Most banks don't use autodecisions for loans greater than $ 100,000.

It showed Berkshire Hathaway's mortgage companies took in a far greater proportion of their conventional loan applications from white homebuyers than their competitors in its largest markets in 2015 and 2016.

Raymond Yeung, Greater China chief economist at ANZ in Hong Kong, said that China needs to pay attention to high loan growth even if more funds are now flowing into real investment rather than speculative activity.

The average college graduate owes roughly $ 25,000 in debt, and the total student loan debt is now greater than a trillion dollars.

And through the end of the quarter, the fund has already collected over $ 225 million from interest, principal and asset resolutions at levels significantly higher and sooner than originally anticipated, as well as from a groundbreaking nonperforming loan securitization, which has received a great deal of industry attention.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

That might be more appealing to some business owners than a loan with a longer payback, because they might be willing to pay more in the short - term in exchange for a greater ROI, faster.

Reliance on commercial bank loans declined among respondents of all age groups, except for the oldest firms (greater than 21 years), which continued to rely on commercial bank loans as their primary credit source.

For loans greater than $ 75,000, business owners must have a credit score of 640.

Unlike banks or credit unions, this lender requires a minimum credit score of 620 for loans under $ 75,000 and 640 for loans greater than $ 75,000.

Kiva is a great option for a working capital startup loan if you have a less than perfect credit score.

If you don't have great credit, the interest rate offered by the lender may end up being higher than the rate you are currently paying on your loan.

Many people think negotiating a great price on a car is better than car loans money saving.

Revenues would have been worse but GM joined the rest of the country and extended financing to future deadbeats who took out loans greater than their annual pre-tax income in order to buy a pick - up truck.

In most of the United States, jumbo loans are ones that are greater than $ 424,100.

CommonBond's average savings methodology excludes refinance loans during the period mentioned above in which members elect a refinance loan with longer maturity than their existing student loans, the term length of the member's original student loan (s) is greater than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.

CommonBond's average savings methodology excludes refinance loans during the period mentioned above in which members elect a refinance loan with longer maturity than their existing student loans, the term length of the member's original student loan (s) is greater is than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.

A greater portion of Gen X-ers took home loans than Millennials, but their averaging was slightly lower at $ 25,600, or 26 % of their balance.

If you take out a home loan that is greater than the conforming loan limit in that county, you will have what is called a jumbo loan.

Because many borrowers have used Credible to refinance graduate school debt, the average loan balance for all users — $ 54,591 — is greater than the debt typically taken on by undergraduates.

This follows a period in 2002 and 2003 when it was stronger than would have been suggested by the prevailing level of loan approvals, perhaps partly reflecting a greater than usual amount of redrawing of funds from existing housing loans.

Floating - rate loans» low credit ratings indicate greater potential risk of default relative to investment - grade bonds (though default rates for floating - rate loans historically have been lower than on high - yield bonds).

By coincidence, current NYSE margin loans are greater than ever before.

An FHA home loan is a mortgage insured by the Federal Housing Administration that can be a great option for buyers who wish to put down less than 20 %.

An FHA loan can be easier to qualify for than some conventional mortgage programs, making it a great option for many first - time homebuyers.

A DTI ratio prevents mortgage borrowers from getting mortgages that would require them to make monthly loan payments greater than a specified portion of their monthly pay.

While an FHA Cash - Out loan may be a great option for many current FHA borrowers, it should be noted that borrowers with good credit and more than 20 % equity in their homes are often better served by refinancing into a conventional loan.

To qualify for a Prosper personal loan, you'll need a credit score of 640 or more, income greater than $ 0, three open trades on your credit report, and a debt - to - income ratio under 50 %.

And for both investor and owner - occupier loans, adjusting for offset balances leads to only a small change in the share of loans with current LVRs greater than 80 per cent.

Canada business owners should know that even if your credit history is less than perfect, a small business loan or merchant cash advance may be a great alternative for your financing needs.

Furthermore, if 1 % of the loan balance is greater than the actual payment on loan documents or your credit report, the lender must use the one - percent figure.

If your new loan amount is greater than or equal to your mortgage amount outstanding (refer to «Glossary» tab for definition) you can transfer your existing interest rate, loan balance and maturity date to a new home.

If your outstanding loans are greater than your estate, they will typically not be transferred to family members.

Keep in mind that you can buy a home even if the price is greater than your area's loan limits if you make a small down payment.

Mid-range FHA loan limits apply to cities where you can multiply the median home price by 1.15 % and get a product greater than $ 294,515.

A bonus could be a great way to pay down debt, particularly when it comes to credit cards because they have higher interest rates than most other loans.

Bill Consolidation Loan: In order to consolidate an existing PenFed loan, line of credit, or credit card, the current rate must be equal to or greater than the rate on your existing PenFed loan, line of credit, or credit cLoan: In order to consolidate an existing PenFed loan, line of credit, or credit card, the current rate must be equal to or greater than the rate on your existing PenFed loan, line of credit, or credit cloan, line of credit, or credit card, the current rate must be equal to or greater than the rate on your existing PenFed loan, line of credit, or credit cloan, line of credit, or credit card.

Doing this gives you great interest rates — lower than you'll typically find on a credit card or personal loan — and the interest paid is typically tax deductible, making it one of the least expensive ways to borrow.

Whenever you need a mortgage loan that is greater than 76 % to 90 % of the current market appraised value of your home it is considered a high ratio or insured mortgage.

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If you do need to take out a home loan that's great than $ 417,000 in Wisconsin, you should be aware that jumbo loans have higher interest rates.

Borrowing against your home equity with a home equity line of credit (HELOC) rather than a regular equity loan will also give you a great deal of flexibility, which makes them ideal for a variety of financial uses.