Sentences with phrase «loan or line of credit depending»

The tax requirements will vary on your home equity loan or line of credit depending on your lender and other factors, such as the interest rate and the prime level.

Not exact matches

So if you're currently owed # 10,000 in outstanding invoices you could access up to # 9,000 of that instantly in the form of a loan or line of credit, depending on the terms of the agreement.

Depending on whether you're looking at a line of credit from a traditional bank or an alternative lender, you might be dealing with two pretty distinct loans.

It depends on whether you want a revolving line of credit or a one time installment loan.

The size of a home equity loan or line of credit will also depend on the loan - to - value requirements of the lender.

If you have any second mortgages, home equity loans or lines of credit that depend on your property as collateral, those balances will be factored into the CLTV.

Whether you want a home equity line of credit or home equity loan, remember that approval decisions for both depend on equity.

On the other hand, one of the serious disadvantages of lines of credit (or advantages depending on how you look at it) is the interest rate can rise depending on the market and the loan.

Choosing a line of credit versus refinancing your mortgage, or picking between a variable - rate loan versus one with a fixed rate, will depend on your own individual needs and how well you tolerate risk.

The most important factor a person should take into consideration when choosing a loan program whether it be an equity line of credit, a fixed rate home equity loan or something in between depends on your financial portfolio, how you believe your finances will change within the next five years, how long you plan to keep the house you are currently living in and how secure you feel with changing your mortgage payments and increasing your debt.

Depending on the amount of equity, you can eliminate your monthly mortgage statement, obtain a line of credit, receive a monthly payment from the reverse loan, or receive a large payment up - front.

Monthly payment requirements can vary, depending on whether you have a fixed loan or a line of credit that allows much smaller payments.

Whether you're in need of a loan or a line of credit for everyday purchases, or a custom solution to finance commercial real estate, a private aircraft, or life insurance premiums, you can depend on your private banker to help you meet your goals.

Most UofT student fund their loans with some combination of student line of credits, financed at either prime or prime +0.5 % (currently 2.7 - 3.3 %, depending on how good a negotiator you are, and well below 4 % for most of the past 10 years) or government student loans, whose rate is either prime +1 % (for the provincial portion) or prime +2.5 % (for the federal portion), and for which they receive a tax credit.