Sentences with phrase «loan schedule»

In this form of monthly mortgage payments, you pay both principal and interest, in order to maintain a proper home loan schedule.
The plan covers the loan liability as per the monthly loan schedule at the inception of member contract
Of some $ 950 billion in loans scheduled to reset this year or next, only 1 percent have been modified after resetting earlier this year, according a September survey by Moody's Investors Service.
After this time, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule.
Maturity Benefit No amount is payable on maturity 1) Reducing Cover - The death benefit will be as per the monthly loan schedule stated at inception of the member contract.
Once the property is valued, and your information is verified, Quicken Loans schedules an appointment to close the home loan.
The tech geniuses at Waterstone Mortgage developed a loan calendar tool that allows you to create your own loan schedule.
After this time, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule («Full Repayment Term»).
These variables are: The interest rate, the loan schedule, the loan amount, and the amount of the monthly payments.
As I said in the edited preface to my answer, paying down the loan balance will in most cases accelerate the loan schedule, not reduce the monthly payment.
Based on that information you will be able to design (or help the lender customize) a loan schedule that will adjust to your possibilities while providing a debt - free scenario in the shortest time frame possible.
To confirm the amount of Principal loan amount balance the applicant will have to check the loan schedule.
The applicable Sum Assured as at the end of the policy month immediately preceding the date of death of the member as per this loan schedule at inception will be paid 2) Level Cover (for interest only loans T&C 6)-- In case of level cover option the full Sum Assured opted for at inception will be paid
In case of death of any one the joint borrowers, where both the borrowers are insured on the entire loan amount, the outstanding loan amount as per the loan schedule is payable, subject to terms and conditions of the master policy.
In case of death of any one of the co-borrowers, his / her respective loan share as per the loan schedule is payable, subject to terms and conditions of the master policy.
The plan coverage is equal to the sanctioned / outstanding loan amount as mentioned in the loan schedule.
On death, the applicable Sum Assured as at the end of the policy month immediately preceding the date of death of the member as per this loan schedule at inception shall be paid.
He continues to repay his loan along with interest as per the loan schedule.
In case of loan, the amount payable on the death of the member is equal to the loan outstanding as per the loan schedule finalized at the outset of taking the membership.
Early on in a loan schedule, the majority of payments go toward interest, diminishing a bit with each payment, and eventually the majority of the amount goes toward the principal balance.
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