Sentences with phrase «loan principal amount»

If the loan principal amount is lower than the policy's death benefit at the time that a payout is made, your secondary beneficiary (for example, business partner or spouse) will receive the difference after the primary beneficiary (the lender) receives its payout.

This method can help to accelerate the reduction of the current loan principal amount, reducing future potential interest costs in the event of the rate indices rising.

Not exact matches

If there are multiple loans with the same interest rate, please apply the additional amount to the loan with the lowest outstanding principal balance.

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

The expense is calculated as a percentage of the unpaid principal amount of the loan.

Unsubsidized loans, on the other hand, do, and the interest gets capitalized, meaning it's added to the principal amount.

Generally, these loans have a fixed monthly payment — part of that payment goes to principal and a certain amount to interest.

The interest rate is expressed as a percent of the total loan amount and your lender will add it to the principal to calculate the monthly payments you'll need to make to pay off the loan by the end of its term.

You can pay back as much over the minimum monthly payment as you choose every month until the end of the loan period, when the entire principal amount is due.

Lastly, any remaining amount is put towards the principal of the loan.

Specifically, in foreclosure proceedings, judges should have the ability to reduce the amount of principal on a mortgage loan, provided that the original mortgage lender receives a «Property Appreciation Right» or «PAR» from the homeowner.

Trulia's real estate blog estimated that you can expect to pay about 1.5 percent of your principal loan amount in closing costs when you refinance.

Likewise, for loans in the income contingent repayment program, where the interest is not capitalized after it exceeds ten percent of the original principal amount.3 It is always better to have prepayments used to reduce the loan balance, since this will cost you less over the lifetime of the loan.

And unless you qualify for Public Service Loan Forgiveness, you could be facing a hefty tax bill if you have a large amount of principal and interest forgiven after making 20 or 25 years of payments in a government repayment plan.

you're able to refinance that loan, you could be paying substantially less interest on the principal — which is the amount you borrowed from a lender.

The principal is the amount you originally borrowed when taking out student loans — before any interest or fees were added on.

When you graduate, the amount of interest that accrued during your education is simply added to the principal loan amount and you begin paying off that new amount.

B&G Foods completed the refinancing of its senior secured credit facility, increasing the principal amount of the tranche B term loans by $ 10 million to approximately $ 650 million and the aggregate commitments under its revolving credit facility from $ 500 million to $ 700 million.

Here's an exception: Filers who had a loan modification, foreclosure or short sale last year can exclude the amount of debt forgiven on their principal residence from gross income in 2017.

In a well - diversified investment portfolio, highly - rated corporate bonds of short - term, mid-term and long - term maturity (when the principal loan amount is scheduled for repayment) can help investors accumulate money for retirement, save for a college education for children, or to establish a cash reserve for emergencies, vacations or for other expenses.

Principal: The amount of the payment which repays the initial loan.

The principal is the original sum of money borrowed on a loan or credit card or the amount left on the balance after a payment is made.

These additional amounts accelerate your loan payoff because they are put toward your loan's principal.

This expense alone can help a household save hundreds per month, or reinvest that amount into reducing loan principal.

Borrowers can also make payments larger than the minimum interest amount to reduce the loan principal.

The repayments would be divided between the interest (i.e. the interest on the outstanding loan amount) and the principal repayment (i.e. the remaining amount of the periodic payment that is used to reduce the outstanding loan amount).

Under the ICR plan, outstanding interest is capitalized annually, but the amount of interest that is capitalized can never exceed 10 % of the original principal balance of your loan at the time that it entered the ICR plan.

Once you have gotten the future value of the loan using the compound interest formula above, you can now deduct the principal loan amount from it to get your compound interest.

The higher the loan - to - value ratio, the more risk the investor might lose a significant amount of their principal investment in a downturn.

Mortgage calculators are automated tools accessible over the internet and help determine the effect of changes to any of the mortgage loan components such as the interest rate, repayment amount, principal amount, etc..

Commissioner Mark Schobel said he would like to collect the same amount in tax money to pay off the principal early, but due to the structure of the Park District loans, Daniels said it would not be possible.

Student debt: Require colleges to provide students with the estimated amount of student loans incurred to date on an annual basis, a range of the total payoff amount that includes principal and interest, and the monthly repayment amount they would have to pay.

Note also that the principal amount of a TIFIA direct loan to capitalize a rural projects fund within a SIB may not exceed $ 100 million.

In all cases, the principal amount of the requested credit assistance is limited to 49 percent of reasonably anticipated eligible project costs for a TIFIA secured loan or loan guarantee and 33 percent for a TIFIA standby line of credit.

The best solution is consolidating your debt into one loan, if you can, this will lower your credit card bills and other bills enough that you can pay more on the principal amount you owe.

Installment debt utilization ratio — compares the current amount owed to the original principal amount of installment contracts (mortgages, car notes, student loans, etc.).

VA buyers with a fixed interest rate will pay the same amount toward principal and interest each month for the duration of the loan.

The monthly principal and interest mortgage payment amount remains the same for the entire term of the loan.

Lending Club provides an instant rate quote (supplemented by a soft credit pull) and allows you to view different loan options with various terms, principal amounts and fixed APRs (Annual Percentage Rates).

Original Loan Amount: The original principal balance on the mortgage (which will include any upfront mortgage insurance premium) plus the new upfront premium that will be charged on the refinance, or

SoFi personal loans are certainly generous in terms of available principal amounts and interest rates, but this financial product is more than a loan; it's an experience.

Unsecured signature loans with smaller original principal amounts have lower monthly payments — holding other variables constant.

Jumbo mortgages are home loans with higher principal amounts.

If the amount financed isn't the same as the principal, ask the loan officer about it.

The home loan marketplace works differently because of the much larger principal amounts, and intervention from several governing authorities.

For a start, there needs to be a sufficient amount of the original principal repaid, otherwise nothing is really saved when refinancing an auto loan.

When any person borrows federal student loans, he is expected to be making a monthly payment based on the terms of the loan until the entire loan amount, both principal and interest, is liquidated.

Check your lender's website after every autopay to make sure that the money came out, it came out in the right amount, and that it was applied to the loan correctly (towards interest and principal).

Principal — An amount of money that is loaned, borrowed or invested, apart from any additional money such as interest.