Sentences with phrase «lower than the amount you owe»

However, there might be a case wherein the actual vehicle sale is lower than the amount you owe the lender — in which case, you will still have to settle the difference.

Traditional Short Sale A short sale occurs when your property is sold at a price lower than the amount you owe on the mortgage, and your lender agrees to the «short» payoff.

Not exact matches

But if your income has increased over what you estimated during the year or your expenses are lower than anticipated, you will need to pay the amount owed or be subject to penalties and interest when you finally do pay your taxes.

Keep your credit utilization low: There's more to the amount owed than the total amount of money you've borrowed.

How much you owe: Unsecured debt consolidation loans are generally available for lower amounts and higher costs than a secured loan such as a home equity loan.

You can sometimes negotiate a lower payment or interest rate on the debt you owe, since creditors may be happier to be repaid in a stream of smaller payments than to wait for the full amount and worry it might never arrive.

A settlement means that the lender, collection agency, or credit card company agrees to take a significantly lower payoff amount than what you actually owe, wiping your slate clear from the financial obligation.

Of course, these longer loans make financing an attractive proposition since the payments are so low, but what many buyers fail to realize is that the amount of interest paid on the loan coupled with the amount of time the buyer spends being upside down in their loans (owing more than the car is worth) makes these loans a costly option.

The income - driven repayment plans are based on your income rather than the amount you owe, thereby lowering payment requirements for low - income borrowers.

Rather than working with companies to lower the amount that you actually owe by eliminating late fees, finance charges and other secondary credit costs, personal loans will allow you to pay the full amount that you owe.

Because IBR payments may be lower from time to time than the amount needed to pay off the loan, you may end a particular year owing more than you did at the start.

The type of services covered under the new rules are companies that promise to 1) work with a creditor to settle the debt for a lesser amount than is owed, (debt settlement companies) 2) work with all of a consumer's unsecured creditors to promulgate a debt management plan to vary the terms of all such debts, under a debt management plan (debt management companies) and 3) negotiate with a creditor to lower the interest rate of the outstanding debt and / or waiver of certain debt fees, such as late fees or over the limit fees (debt negotiation companies).

You can lower your mortgage payment or you can obtain a «cash out» refinance which replaces your mortgage with a new home loan that is greater than the amount you owe on the house.

With a ten year loan you got to be six years, seven years into the loan before the actual amount you owe is lower than the value of the car.

What used to happen with a five year loan, you have to be three years into it before the amount you owed on the loan was lower than the value of the car.

A credit counsellor is not able to settle your debts for less than the full amount owing, but is often able to negotiate a lower interest rate during your repayment period.

This will improve your score over time, because people owing smaller amounts on their credit accounts are viewed as having a lower repayment risk than those who owe more.

The actual amount you will pay may be higher or lower, and will depend on which creditors you owe (some creditors require more than others), and on what you can afford to pay each month (based on your family income, the size of your family, and your assets).

Debtmerica's debt settlement programs can help reduce the amount owed and program payments are often lower than what one is currently paying in minimum balance payments.

They are usually able to settle a debt for a smaller amount of money than you owe and lower your monthly payments so that you can pay on time.

In a Chapter 13, if you have owned the car long enough, (more than 910 days), you may be able to pay the lender the (lower) value of the car, rather than the (higher) amount owed.

You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.

Your mortgage lender must agree to participate in this mortgage refinance and it must agree to lower your owed amount to no more than 97.75 percent of your house's current value.

If you're qualified, you can settle with the IRS for an amount that is lower than what you owe.

On the other hand, if your income ends up lower than you projected for the year (but still in the subsidy - eligible range, rather than the Medicaid - eligible range or the Medicaid coverage gap range in a state that didn't expand Medicaid), the additional premium subsidy will be added to your tax refund, or used to offset the amount of taxes you owe if you're not due a refund.

In many situations, although you are still required to pay a «court fee» when you notify the court of your intention to complete a defensive driving course, when you add up this court fee and the cost of your course, the total is usually lower than the amount you would owe if you just pay the full fine for your infraction.

If the support amount is lower than the Income Support benefits, the debtor (or the person who pays the support) owes the government the amount of support.

Experienced investors can help you by negotiating directly with banks to lower the amount you owe in a sale — or even eliminate it, even if your home is worth less than you owe.