Sentences with phrase «hypothetical borrowers»

This column will use four different hypothetical borrowers to compare how fixed - rate mortgage penalties are calculated.

The quoted interest rate was actually higher for the conforming loan, but this was due to the fact that the lender assumed that our hypothetical borrower would agree to preauthorize monthly payment transfers.

We started our survey based on a hypothetical borrower profile with a $ 170,000 purchase price, 20 % down payment and a credit score of 740.

In this case, our hypothetical borrower would have $ 45,962 in outstanding loan debt forgiven after writing 240 monthly checks over two decades in PAYE or IBR for new borrowers.

In the second scenario above, our hypothetical borrower enrolling in REPAYE with grad school debt would pay back more money than in any other repayment plan, and have only $ 4,033 in principal and interest forgiven after making 300 monthly payments.

We'll increase this hypothetical borrower's adjusted gross income to $ 40,000 at the outset, to reflect the boost in earning power they'd presumably get from a graduate degree.

We started our survey based on a hypothetical borrower profile with a $ 170,000 purchase price, 20 % down payment and a credit score of 740.

The mortgage rates that our hypothetical borrower obtained online were lower overall than quotes at most bank lenders given the same parameters.

This means our hypothetical borrower has a loan for 70 percent of the purchase price or appraised value, with the remaining 30 percent the home equity portion, or actual ownership in the property.

As an example, consider a hypothetical borrower, Bernard, who takes out an installment loan for $ 5,000 with a 15 % APR..

In this case, our hypothetical borrower would have $ 45,962 in outstanding loan debt forgiven after writing 240 monthly checks over two decades in PAYE or IBR for new borrowers.

In the second scenario above, our hypothetical borrower enrolling in REPAYE with grad school debt would pay back more money than in any other repayment plan, and have only $ 4,033 in principal and interest forgiven after making 300 monthly payments.

If this hypothetical borrower were able to refinance into a 10 - year fixed - rate loan at 4.5 percent interest, they'd make monthly payments of $ 508, and pay back $ 60,939 in all — less than any government repayment program, including those providing (taxable) loan forgiveness in this scenario.

Not exact matches

If we use the same $ 250,000 loan example from above and factor in these hypothetical costs, this borrower's monthly mortgage payment would look like this:

For the hypothetical $ 400,000 home, this «loan - to - value» (LTV) of 80 % requires a $ 320,000 investment from the lender, and an $ 80,000 down payment for the borrower.

When presented with a hypothetical situation in which payday loans were unavailable, storefront borrowers would utilize a variety of other options.

Below are four hypothetical scenarios of verification that could occur with our prospective borrowers:

If the Effective Date is a future value (i.e. Prospective Value) and is predicated on certain Hypothetical Conditions to occur in the future, (for example, completion of construction, lease - up, stabilization or economic considerations), then when such conditions are met and prior to any funding, Borrower must furnish to Lender a Recertification Value.