Sentences with phrase «greater than the loan amount»

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

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.

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.

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.

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.

Lengthening your loan term or choosing a repayment plan other than the standard one could lead to even greater repayment amounts.

Arsenal have made greater use of the loan system this campaign than they have done in the past, with an increasing amount of young prospects and squad players being sent to ply their trade elsewhere.

Note that if the total amount of the RRIF direct loan or loan guarantee is greater than $ 75 million, the applicant must provide an investment grade rating on the RRIF credit instrument from at least two Credit Rating Agencies for the DOT to incorporate such ratings into its calculation of the CRP (45 U.S.C. § 822 (f)(3)(C)-RRB-.

Currently, loan amounts greater than $ 453,100 are considered jumbo loans.

Refinancing for any amount greater than 80 percent of your home's current value requires paying for mortgage insurance (conventional mortgage loans) or FHA insurance.

Your bad credit loan, as mentioned above, will cost more for you over the long run than borrowing the same amount of money would if another borrower with great credit took out the loan.

When a policy lapses, you not only lose your coverage but also will have to pay income taxes if the outstanding loan is greater than the amount you've paid in premiums.

Other adjustments that increase the cost of premiums are for situations in which any loan amount is greater than $ 417,000 and for mortgages on secondary homes and investment properties.

Your school will be responsible for determining the loan amount for which you are eligible, provided it is not greater than the annual limit of $ 20,000 or more than you requested.

It is a payment usually required of a borrower for loans in which a down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greater than 80 percent of the appraised value.

2.00 % to 3.75 % of guaranteed portion on loans with maturities greater than 12 months, depending on loan amount.

For the university, it is a great deal, but for the student it can amount to much more than a student loan.

I want to take out a mortgage, but the value of the house is greater than $ 417,000, which is the amount when a mortgage becomes a Jumbo loan.

At the time of application, the amount of educational debt based on loans from commercial and government lending institutions, as well as university or other private institutional loans associated with law school and undergraduate educational debts must be greater than or equal to the amount of the LRAP grant.

Insurance.com noted if a car has been totaled and the amount due on the loan is greater than the car's value, the insurance company will pay out the car's actual cash value (defined as the market value prior to damage from the accident).

Jumbo loans, also called «non-conforming home loans,» are mortgages with loan amounts greater than the conforming loan limit, which is currently $ 417,000.

A cash - out refinance would liquidate some of the equity by refinancing with a new loan amount greater than $ 50,000.

The mortgage loan will be great, because the amounts considered are greater, and will give you more than enough to get the job done.

Even though this amount of individual debt may not sound great, it is surely a better scenario than this crazy insane student loan nightmare.

We'd recommend LendingClub over Peerform if you want a loan amount greater than $ 25,000.

For example, if you totaled your car and the amount of your loan was 20 % greater than the ACV of your vehicle, then all of the CRA funds will be used to pay off the loan and your gap insurance would be unused.

You may be able to avoid this situation by making monthly payments toward the new, lower fixed - rate loan in an amount equal to or greater than what you previously paid toward your original loan.

It is not uncommon for payday borrowers to pay fees and charges that are greater than the original loan amount.

While the interest rate and / or monthly payment amount for variable rate loans will initially be less than fixed rate loans, the longer the deferment period and repayment term, the greater the opportunity for variable interest rates and monthly payments to fluctuate.

In addition, FFEL and Direct Loan forbearances are mandatory in increments up to one year for periods that collectively do not exceed three years, if the amount of your monthly student loan payments collectively is equal to or greater than twenty percent of your total monthly incLoan forbearances are mandatory in increments up to one year for periods that collectively do not exceed three years, if the amount of your monthly student loan payments collectively is equal to or greater than twenty percent of your total monthly incloan payments collectively is equal to or greater than twenty percent of your total monthly income.

While the monthly payment amount for variable rate loans will initially be less than fixed rate loans, the longer the repayment term is, the greater the opportunity for variable interest rates and monthly payments to fluctuate.

However, if the value in your home (after any mortgage and secured loans have been taken off) is greater than the total amount of your debts, an IVA may still be possible.

A minimum $ 15,000 loan amount is required for terms greater than 66 months and a minimum $ 30,000 loan amount is required for terms greater than 78 months.

Other loans with a loan amount greater than 80 % of the value of the property require mortgage insurance.

Unfortunately, many California consumers have had to stick it out, trying to make the payments for their increasing adjustable rate mortgages when the loan amounts was greater than $ 362,000, but eased restrictions will benefit thousands of homeowners.

You can lower your mortgage payment or you can obtain a «cash out» refinance which replaces your mortgage with a new home loan that is greater than the amount you owe on the house.

Most lenders look favorably on this type of loan since the increase in property value is usually greater than the amount of money being borrowed.

This means that a grandparent on fixed income might end up obligated on private student loans for amounts that are far greater than what they can afford to repay.

The total cost of unsubsidized loans can be far greater than subsidized loans, but the total amount available to borrow is higher for unsubsidized loans than it is for subsidized loans.

This program is offered on a 30 year - fixed and ARM for loan amounts greater than $ 453,100.

A «super jumbo» loan is any loan amount greater than $ 650,000.

If the initial draw amount on the loan is greater than 60 percent, the premium will drop from 2.5 percent to 2 percent during the first year.

Effective April 1, FHA's annual MIP for all new loans that are less than or equal to $ 625,500 and with a loan - to - value ratio greater than 95 percent is now 1.35 percent of the loan amount.

While pre-approval doesn't guarantee a specific loan amount, sellers will know your chances of securing funds for your home purchase are greater than other buyers who lack that status.

Internet sources are typically backed by several large financing institutions that are more capable of funding greater loan amounts than banks.

Loans above $ 625,500 and with LTVs greater than 95 percent are now 1.55 percent of the loan amount.

This occurs when the total amount taken from the policy including loans and withdrawals is greater than the amount you contributed, i.e. your «basis» in the policy.

A minimum $ 30,000 loan amount is required for terms greater than 78 months.