Sentences with phrase «long as the loan»

For borrowers using a fixed - rate mortgage, you can plug the above three figures into a mortgage calculator to calculate your monthly payment; and, you'll know that the payment will be unchanged so long as the loan is in effect.

And this rate hike lasts as long as your loan does, whereas PMI can typically be removed once you build at least 20 % equity in your home.

Today's FHA MIP policy is that mortgage insurance must be paid for as long as the loan exists.

You can also take a tax - free loan from the insurer using the policy's cash value as collateral, so long as the loan doesn't exceed the cash value.

All other FHA loans pay FHA MIP for as long as the loan is active.

As long as the loans are used to bid up property, stock and bond prices, they can claim that they are «responding to the market» by getting homeowners, commercial real estate investors, corporate raiders and financial managers to pledge their assets as collateral for yet new loans in a process that seems to be self - sustaining.

The FHA requires some homeowners to pay mortgage insurance for as long as their loan is in effect.

As long as your loans are government - backed «Direct Loans,» they'll show mercy and not ask for anything above 20 % of your adjusted gross income minus your state's poverty level.

All of these programs allow you to extend your NIH employment, and the loan - repayment period, year by year as long as your loan has a remaining balance and you continue to make good progress in your work.

All other FHA loans pay FHA MIP for as long as the loan is active.

You can deduct interest you paid on a loan as long as the loan was used to pay education expenses.

They are trustworthy, as long as the loan is affordable, so they have a good chance of securing loan approval.

As long as the loan's interest rate is lower than what you're paying, then you'll save money.

Deferment is a better option than forbearance because interest does not accrue, as long as your loans are subsidized; that can save you money when it comes time to start making payments again.

As long as the loan rules are the same, no distinction.

On the other side of things, occasionally missing a title loan payment will not automatically lower your score either - as long as your loan specialist does not repossess your vehicle.

As long as the loan is repaid, the borrower may obtain more money up to the limit of the agreement without having to apply for a new loan.

As to whether reaffirming will help build your credit, you'll also be happy to know that it will, as long as the loan remains in good standing.

After your passing, your spouse may remain in the home, continuing to defer loan repayment, as long as all loan and FHA requirements continue to be met, including maintenance of the home and payment of all property taxes, fees, and homeowner's insurance.

A reverse mortgage allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as the loan obligations are met.1 The fact that reverse mortgages do not require monthly mortgage payments2 often leaves potential borrowers with questions about when the loan -LSB-...]

So long as the loan is performing, it can be held at par.

The line of credit grows over time, independent of the home's value.5 As long as the loan obligations are met, the reverse mortgage line of credit can not be reduced or cancelled.

If you possess a financed vehicle, you can generally move the car across state lines as long as your loan contract doesn't state otherwise.

You can also take a tax - free loan from the insurer using the policy's cash value as collateral, so long as the loan doesn't exceed the cash value.

Money from a reverse mortgage loan can be used for any purpose and the senior can not be asked to leave the property as long as the loan is still in good standing.

A reverse mortgage allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as the loan obligations are met.1 The fact that reverse mortgages do not require monthly mortgage payments2 often leaves potential borrowers with questions about when the loan needs to be repaid.

An employee typically won't be taxed or penalized on amounts borrowed as long as the loan is repaid within five years.

So long as your loan - to - value remains above 80 percent, you should remain HARP - eligible.

As long as your loan application is complete with no missing information, you can receive a credit decision in a matter of minutes.

The Full K allows for any permanent improvement and no limit as to the amount as long as the loan does not exceed the maximum loan amount for that county determined by FHA.

With a reverse mortgage, you can access your home's equity while remaining in the home without a monthly mortgage payment, as long as all loan terms are met, such as paying taxes and insurance and maintaining your home.

For borrowers using a fixed - rate mortgage, you can plug the above three figures into a mortgage calculator to calculate your monthly payment; and, you'll know that the payment will be unchanged so long as the loan is in effect.

As long as your loan doesn't exceed the maximum 96.5 % LTV, you may include the fees in the loan.

So there are options to refinance and get a lower interest rate, as long as your loan is owned by Fannie Mae or Freddie Mac, no matter the mortgage balance relative to the property value.

This rate will remain in effect for as long as the loan is outstanding — even if rates increase in the future.

You will not be able to return to school and qualify for federal loans as long as your loans are in default.

Then, a change in FHA policy decreed that, for certain 30 - year loans, mortgage insurance must be paid for as long as the loan is in effect.

As long as your loan or lease payments are current, you can keep the secured asset.

A first and second mortgage can be paid off as part of a rate / term refinance as long as both loans were taken out simultaneously at the time of purchase.

Under the current tax code, mortgage interest on first and second homes is generally deductible as long as these loans total less than $ 1.1 million, making homeownership one of the best ways to trim your tax bill.

As long as the loan has a lower interest rate, you will save money.

You can borrow against your 401k as long as the loan is in compliance with the company rules.

So if the borrower stops making payments on the loan, the FHA will cover the lender's losses (as long as the loan was made in accordance with current FHA guidelines).

The good news is that the lender will allow you to keep the vehicle and drive it wherever you like so long as your loan is open.

So long as the loan is being paid on time, instead of attempting to get you for fraud, the lender would most likely ask for the loan to be paid in full and then close it.

Currently, the Federal Housing Administration requires homeowners to pay annual MIP so long as their loan - to - value is greater than 78 percent, where «value» is equal to the last known value of the home.

A: No, You may pay your loan off at any time or make principal payments at any time, as long as your loan is in good standing and your payments are current.

I DID receive an assurance from the student loan lender agent (over the phone) that they would not post a derog for these loans as long as the loans were successfully consolidated within a few months.

The first exception is a de minimus loan, which is one under $ 10,000, and is excepted as long as the loan is not used to buy income - producing assets like stock.

The first exception is a de minimus loan, which is one under $ 10,000 as long as the loan is not used to buy income - producing assets like stock.