Sentences with phrase «initial lump sum payment»
Bereavement Support Payment consists of an initial lump sum payment of # 2,500 (or, if you have children, # 3,500) and a further 18 monthly instalments of # 100 (or, if you're eligible for Child Benefit, # 350).
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This product guarantees a stream of income, derived from an initial lump sum payment, for as many years as you like, up to a lifetime of benefits.
With single premium life, you pay one initial lump sum payment to get paid up life insurance.
To reduce your monthly payments during the first few years of a mortgage you make an initial lump sum payment to the lender.
A temporary buydown is a mortgage on which an initial lump sum payment is made by any party to reduce a borrower's monthly payments during the first few years of a mortgage.
Not exact matches
By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan.
But many borrowers can't afford the lump sum payment, so they roll over the original loan, plus the original fee plus a new fee, which is higher than the initial fee because the borrower owes both the principal plus that fee at this point.
By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan.
A mortgage loan in which one party pays an initial lump sum in order to reduce the borrower's monthly payments.
An HELOC can be used at any time as there are no withdrawal restrictions but for a home equity loan, payments after the initial lump sum must be approved through a new contract.
Single Premium — This is a one - time lump sum initial payment that pays for the purchase of the policy
Protective has the front end lump sum option, but not the balloon payment at the end, and the other difference is Protective allows the initial lump sum to be zero.
In order to buy down the initial rate for the temporary payment, a lump sum is paid and held in an account used to supplement the borrower's monthly payment.