Sentences with phrase «higher than the amount owed»
If the property has been already used as collateral, it's value may be higher than the amount owed so you'll be able to borrow the difference.
http://www.badcreditloanservices.com/ Not exact matches
Of the nine winners who did report challenges building their startups because of student - loan debt, only three left school owing more than $ 35,000, the average amount for class of 2015 graduates (the highest in U.S. history), according to a report by financial aid resource Edvisors.com.
But the amount of the new loan will be higher than the balance you owe on the old mortgage, and you'll receive the difference in cash.
Many homeowners fail to understand that the mortgage payoff amount is usually higher than the balance owed, due to those pesky interest charges and / or additional fees.
In other words, you owe the 3.8 % tax on the amount by which your investment income exceeds the income thresholds, or, if your wages alone already are higher than the income thresholds, you'll owe tax on the lesser of net investment income or MAGI that exceeds the thresholds.
You may want to consider other options if you owe more than your annual income in the form of «bad» debt (e.g., high - interest credit cards or payday loans), you simply can not make minimum payments on time, or a debt management plan can't reduce your monthly debt payment to a manageable amount.
The additional money taken out of your paycheck to cover it probably won't be any more than a federal garnishment would be, and you'll stop accruing the higher interest amounts on the amount owed.
The allowed amount is often significantly higher than the «patient owes» amount on your explanation of benefits.
How much you owe: Unsecured debt consolidation loans are generally available for lower amounts and higher costs than a secured loan such as a home equity loan.
If you owe more than your current unsecured high credit rating (the highest amount you have borrowed from a lending institution without offering collateral), you probably will have to offer something up as collateral to receive a debt consolidation loan.
A cash - out refinance home loan is a refinance home loan with a higher loan amount than the money owed on the mortgage loan being refinanced.
When you sell investments at a higher price than what you paid for them, the capital gains are «realized» and you'll owe taxes on the amount of the profit.
There are a number of reasons why the total amount you owe on your federal student loan might be higher than you expect it to be when you compare the current amount you owe with the original amount you borrowed.
The problem with her situation is that she hasn't made any payments on the mortgage and the amount owing is now much higher than the original $ 50,000 borrowed.
You may want to consider other options if you owe more than your annual income in the form of «bad» debt (e.g., high - interest credit cards or payday loans), you simply can not make minimum payments on time, or a debt management plan can't reduce your monthly debt payment to a manageable amount.
Refinancing for a higher amount than is owed on your home can enable you to withdraw the extra cash and use it to pay off construction costs.
The actual amount you will pay may be higher or lower, and will depend on which creditors you owe (some creditors require more than others), and on what you can afford to pay each month (based on your family income, the size of your family, and your assets).
In a Chapter 13, if you have owned the car long enough, (more than 910 days), you may be able to pay the lender the (lower) value of the car, rather than the (higher) amount owed.
That's less than 2 % of available credit, which is why I was concerned about the «Amount owed on revolving accounts is too high» the only other debt I have is an auto - loan that was refinanced the week before I received that credit report, thus no payment has been made.
That means that within the amounts owed category, credit cards are the most important type of account for achieving a high FICO score, but they can also do more damage than other types of credit.
For example, a higher amount owed on one credit card as opposed to another causes more damage to your score than the card with the smaller balance.
You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.
Sometimes referred to as an umbrella rider, gap insurance will pay the difference between the actual book value of your car, and the remaining balance on your car loan — if the amount that you owe on a car is higher than what the car is actually worth.
The reason why the so - called «discounters» have business right now is because so many sales of homes are in the unfortunate position of being under water (the mortgage amounts owing thereon are higher than what the current market values are, or, to put it another way, the mortgage amounts owing are higher than what one can reasonable expect to get when one sells said property (ies).