Sentences with phrase «loan if the benefits»

In some cases, it may make sense to take out a loan if the benefits of the surgery will end up saving you money in the future.

Not exact matches

The benefits to your employees are threefold: Most likely they'll increase their savings rates (especially if you offer automatic payroll deduction), they'll have access to lower loan rates, and they'll pay lower fees — if any — for services.

Along with expected benefits like health and life insurance, employees enjoy three free meals every day during their shift and no - interest student loans for employees, their spouses and children — which the company forgives if the student does well in school.

To do so, the small business owner should be equipped with a complete understanding of his or her operation (whether existing or proposed) and the benefits that a loan, if granted, will bring to the business.

Likewise, if you have a five - year car loan, for example, showing three, four or five years of positive payment history (with no late or skipped payments) will benefit you.

Take advantage of Public Service Loan Forgiveness: If you're eligible for Public Service Loan Forgiveness, enrolling in Income - Based Repayment or a similar income - driven plan can lower payments and help you maximize the benefits of this program.

Be careful when refinancing; if you currently have federal loans, for example, you could be giving up benefits like access to deferment, forbearance, or income - driven repayment options if you refinance with a private lender.

However, if you pass away while the loan is outstanding, the value of the loan will be deducted from the death benefit your beneficiaries receive.

Keep in mind that if a borrower chooses to refinance federal student loans through a private lender, they will lose the protection and benefits of federal student loan programs.

Mr. Trump's economic plans could also benefit the firm if interest rates rise and banks are able to charge more for loans.

Additional loan conditions may include the home price and loan type restrictions, and you risk losing benefits if you sell the home too soon.

If you're thinking about using a personal loan to pay off student debt, consider all of your other options first and understand what benefits you are giving up.

Even if you can afford to pay for school, and do not need a loan, it will benefit you to take one out.

A detailed business plan that outlines why you are looking for a loan, what, if any, assets will be purchased with the proceeds from the loan, and how you expect the business to benefit from using the borrowed funds in this way.

That is the big benefit of fixed - rate loans — if interest rates rise, your rate is locked.

If you are an entrepreneur (or hopeful entrepreneur) between the ages of 18 and 35, there are several special small business loan programs you may be able to benefit from.

Finally, if you die before the loan is paid back, the loan amount will be deducted from the death benefit your beneficiaries receive.

However, if you have high interest rates and could benefit most from refinancing and saving money, a private loan might make more financial sense.

You can get some credit reporting benefits if you rehabilitate or consolidate your defaulted federal student loan.

You can also look into refinancing your student loans independently, or check to see if you could benefit from student loan repayment programs.

Advantage Education Student Loans have a lot of benefits, so if you can get the best terms possible, they could be a good move.

If you are an active - duty service member, your new loan will not be eligible for service member benefits.

Longer loan terms mean lower monthly payments, which could benefit you today if your budget is already tight.

NOTE: If you consolidate your loans, you may be at risk for not being eligible for the SCRA benefit.

This is because federal student loans come with certain borrower benefits that you would lose if you chose to refinance federal and private loans together.

If you are currently in default on a federal student loan and plan to go back to school, you may benefit from a direct consolidation loan.

If you are currently in default on a federal student loan and can not afford to make any payments toward your loan, you may benefit from a direct consolidation loan.

If you've done your homework and understand the benefits and drawbacks of a debt consolidation loan, it's wise to shop around and get offers from multiple lenders to find the best deal.

If so, and if you meet income limits, you could benefit from a government - backed USDA home loaIf so, and if you meet income limits, you could benefit from a government - backed USDA home loaif you meet income limits, you could benefit from a government - backed USDA home loan.

If you were to die before paying back your policy loan, the loan balance plus interest accrued is taken out of the death benefit given to your beneficiaries.

You may benefit from keeping them separate if you consolidate other loans.

The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.

The problem with having student loan debt in retirement is that your Social Security benefits can take a hit if you default on what you owe.

If you choose to refinance federal loans, you'll sacrifice some benefits including Income - driven repayment plans and Public Service Loan Forgiveness

However, given that more complex products like loans and mortgages will likely require in - person service, you shouldn't dismiss the potential benefit of having a nearby Bank of America branch if you plan to buy a home or finance some other large purchase in the future.

If you're far too overwhelmed with outstanding debt obligations, it's likely that you could benefit from the loan forgiveness provided by declaring bankruptcy.

The IBR, PAYE, and REPAYE plans all offer a benefit where if you are negatively amortizing, the difference between your payment amount and the monthly interest accrual will be waived for your subsidized federal student loans for up to three years.

Borrowers with private student loans may wonder if they are able to convert their private student loans to federal student loans in an effort to take advantage of the inherent benefits.

If you have federal loans and refinance them, you will lose out on benefits like access to income - driven repayment plans, deferment and forbearance, and some forgiveness plans.

If you're enjoying this low - interest loan, it may make more sense to invest that lump sum in an investment that will yield more returns than you're paying to borrow for your home (especially when factoring in tax benefits).

If you add student loan assistance to your benefits package, you're not just giving better benefits to your employees.

If regulations are revised to better align the risk with the required capital, or repealed altogether, then it should increase the loan activity and benefit borrowers and lenders in the securities finance industry,» he explains.

If you earn a decent salary and keep up with payments under a standard repayment plan, the majority of your loans will be paid off by the end of the ten - year window, minimizing its benefit to you.

The government can even help if Congress passes a law to provide companies with a tax benefit for offering student loan repayment benefits.

Have federal student loans and don't plan to use federal benefits such as income - driven repayment and loan forgiveness (you'll lose access to those programs if you refinance)

Carefully consider your situation and weigh the pros and cons to see if you can benefit from a lower rate on a private student loan.

So, even if the program you are eligible for doesn't offer enough to pay off your loan balance, you can still benefit from other types of loan repayment assistance as you figure out how to get rid of student loans.

If you're unemployed, many lenders accept applicants who receive government benefits as a form of income, but you'll still need to demonstrate you can afford to repay the loan while on those benefits.

What if more companies offered student loan repayment benefits — and the government offered a tax benefit?

If you're interested in a 401 (k) loan, start by contacting your benefits administrator to learn if your retirement plan allows for loans — not all do — and how to applIf you're interested in a 401 (k) loan, start by contacting your benefits administrator to learn if your retirement plan allows for loans — not all do — and how to applif your retirement plan allows for loans — not all do — and how to apply.