Sentences with phrase «interest on the amount someone borrow»
For example, if the line of credit is $ 50,000, the borrower can use $ 30,000 and just pay interest on the amount borrowed.
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First, you'll lose any investment gains or compounding interest on the amount borrowed, which you can never make up.
Unfortunately, with this option you not only have to pay the estate taxes, but you or your survivors will be forced to pay interest on the amount borrowed to pay estate taxes.
The company charges interest on the amount you borrow if you choose to carry part of the balance from one month to another.
On the other hand, if you take out a HELOC, you only have to pay interest on the amount you borrow from the possible pool of funds — say $ 50,000 of the total $ 100,000.
In a reverse mortgage loan, the homeowner is not typically required to make any payment on an amount borrowed unless one of the above conditions occurs, as even interest on the amount borrowed is simply added to the amount of the loan owed.
Borrow funds to acquire land and construct owner - occupied buildings or investment properties, and during the construction phase, only pay interest on the amount borrowed.
Second mortgages also only charge interest on the amount you borrow, not the total amount you are approved for.
With invoice factoring, you are only obliged to pay the interest on amounts borrowed via the lines of credit secured.
If you finance your closing costs, you do not have to pay them upfront, but you do have to pay interest on the amount you borrow.
The installment payments makes paying back the loan easier — as long as you stick to the schedule — but you still have to pay interest on the amount you borrowed, making the overall cost of your medical procedure more expensive.
If you inadvertently bounce a check, Capital One will not charge you an overdraft fee, but you will have to pay interest on the amount you borrow to cover the deficiency.
You also pay interest on the amount you borrow, plus fees and charges.
You only pay interest on the amount you borrow.
We lend you the money you need using the securities in your account as collateral, and like any loan, you pay us interest on the amount you borrow.
Just as with most loans, you must pay interest on the amount you borrow.