Sentences with phrase «lesser amounts owed»

Loans are usually capped at 80 percent of your home's value, less the amount owed on the mortgage.

The deposit is held in an FDIC - insured account, and the full amount (less any amounts owed) will be returned to you after your account is closed.

Not exact matches

If you only put 5 % down on a $ 450,000 home and prices dropped by 20 %, your home would be worth less than the amount you owed on the bank — and this could spell trouble when it came time to renew your mortgage.

The government only allows a student a certain amount per year, so that they don't end up owing more than $ 50k after four years... less if you're a dependent of your parents.

When you file your tax return, if the amount of taxes you owe (your tax liability) is less than the amount that was withheld from your paycheck during the course of the year, you will receive a refund for the difference.

If you withdraw less than the RMD amount, you may owe a 50 % penalty tax on the difference.

Federal laws now grant the IRS the authority to agree to settle your debt for less than the actual amount you owe, even if it's a significant amount.

Based on your financial situation you may be able to enter into 1) full pay installment agreement - where you will full pay the account over the life of the statute of limitations or a 2) a partial pay installment agreement - where you pay an amount less than what you owe the IRS over the life of the IRS» statute of limitations.

However, this may not be a viable option if you are behind on the payments on your existing car or your car is worth less than the amount that you owe.

You wouldn't owe any taxes if the life insurance policy's cash surrender value was less than the amount you had already paid in premiums.

Short sale real estate investing is when a developer purchases a property for less than the mortgage amount owed.

The net worth of a business is the total assets less the total amounts owed to creditors (total liabilities) at a given moment of time.

The amount you owe is based on the lesser of your total net investment income or the amount of your MAGI that exceeds $ 200,000 for individuals, $ 250,000 for couples filing jointly, or $ 125,000 for spouses filing separately.

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.

This requires that you agree to pay an amount less than what you owe.

Just like if you owe money and you are paying interest each month and the amount you owe grows, if your child continually gets less sleep than is ideal, the deficit grows.

So each month we're borrowing less and the amount we owe is increasing more slowly than if the the deficit had remained the same.

New rules will limit deductibility to $ 10,000 or less, so those who owe more than that amount can pre pay the difference and still benefit from the old laws.

Option B is a «profit» only if we consider Option A the base amount that should be owed — but it is equally valid to consider Option B the base amount (particularly since all other tax filers can deduct their charitable contributions from their taxable income), in which case someone going with Option A would be getting less than what they «should» in federal tax benefits.

In other words, just this April, I had earmarked some cash to be paid for our 2006 taxes but it turns out that less than a third of that amount was what we actually owed!

This is an agreement between you and the IRS that settles your tax liability for less than the full amount owed.

If fact, settling for an amount less than owed can be more detrimental to your credit score than if you hadn't paid on the debt at all.

Some commonly accepted reasons include the miscalculation of amounts sent as payment, or refusal of an «offer in compromise,» which is a petition to the IRS to accept less than the amount you owe to settle your tax arrears.

If the value of your assets is less than the amount of debt you owe, filing may be a great option.

If you meet all other requirements but the amount of tax you owe at the end of the year is either zero or an amount that is less than the credit, you can not claim the full child tax credit of $ 1,000; however, you may be eligible for the reduced additional child tax credit if you complete IRS Form 8812.

They impute the expenses every month that a member pays less than the full amount owed during the previous 30 - day billing cycle.

If the car sells for less than the amount you owed, you may be liable to make up the difference.

The good news is; there are other programs available to help you pay less than the full amount owed on each of your debts, and some programs even come with credit repair (Bad Credit & Good Credit OK).

Their current home loan is «underwater» (their home is worth less than the amount they owe on their mortgage).

Many people ask why a creditor would agree to allow you to pay less than the full amount of what you owe.

With a short sale you may have the option to sell your home for less than the amount owed on your mortgage.

With a settlement, you agree to make payments that are for amounts less than what you currently owe.

The lender will look at your credit score, income, debt amounts, less what you'll be paying off, the value of your home and how much you owe on your current mortgage.

The minimum payment is less than the total amount owed yet enough for the credit card companies to be certain that they are not being swindled.

Debt Settlement A process of negotiating with creditors to accept payment that is less than the full amount of the debt owed.

We can offer you a feasible payment plan, as we settle your debt for less than the full amount owed, allowing you to become debt - free in under three - years.

Installment — have paid down on average 35 % of the original amount of the loan, in addition the average they usually owe less than $ 1200 on their non-mortgage accounts

Remember, when you settle a debt for less than you owe, you are usually required to pay regular income taxes on the forgiven amount.

Debts are paid back at a substantial amount less than what was originally owed.

17 groups, or 50 % of those reporting, cited «short sales» — where servicers minimize their losses by allowing homeowners to sell their property for less than the amount of money owed — as a «very common» outcome for borrowers.

A personal line of credit's interest is typically variable, which paired with the fluctuating amount owed, makes monthly payments less predictable than other financing options.

Even if home prices stay the same, if you have a loan that includes negative amortization (when your monthly payment is less than the interest you owe, the unpaid interest is added to the amount you owe), you may owe more on your mortgage than you originally borrowed.

Debt settlement is a negotiated agreement in which a lender accepts less than the full amount owed — sometimes significantly less — to legally settle a debt.

For example, if you have $ 50,000 in unsecured debts, it may be possible to negotiate a settlement where you pay $ 500 per month for 50 months, or roughly half of the amount owing, or perhaps even less.

Benefits of the consumer debt relief program often include what could end up resulting in a substanial savings on the current amount of debt owe and the ability to become debt free within two years or less.

Through a full and final settlement, you would offer your creditor a lump sum of money that's less than the full amount you owe.

Many lenders are open to settling past - due credit card bills for less than the full amount owed and a good consumer attorney can aid in negotiating with your credit card lender as a way to avoid bankruptcy.

The amount you owe on your first mortgage is about the same or slightly less than the current value of your house.

Do you believe that the amount you owe on your first mortgage is about the same or less than the current value of your house?

When subtracting the amount that is still owed on the existing mortgage ($ 250,000) leaves a maximum «cash - out» amount of $ 47,500 (less closing costs).