Sentences with phrase «lower than the loan amount»

Housing Loans and Loans Against Property: $ 50,000 per member Other Loans *: $ 5,000 per member The Sum Assured on Death at inception can not be lower than the loan amount sanctioned

Decatur produced testimony showing that the value of the properties was significantly lower than the loan amounts.

Not exact matches

The rates for FastFlex loans are much lower than rates of many online competitors, which can often amount to 50 percent or more.

Paying down your loan allows you to save that amount in foregone interest, which is much better than what you'd earn today on any low - risk investment like a GIC.

If you are fortunate enough to amass even more than the 20 % required for the best rates, the extra money can go toward decorating and fixing up your new place or to lowering your loan amount and the resulting monthly payments.

Funding Circle offers lower rates and larger loan amounts than Kabbage.

However, even though interest rates on personal loans may be lower than some other options, a decent amount will go toward interest if your rate is 10 % or higher.

Depending upon the lender, the loan purpose, and the loan amount, a commercial bank loan will likely include a lower interest rate and come with a longer term than other loan types.

Rather than lowering your payment amount or providing forgiveness of your educational loans in the future, LRAPs provide funds now to make those monthly payments on your loans.

The lender's maximum loan amount is based on appraised value if it is lower than the purchase price.

The reason for suggesting checking the rate at Avant is because this lender has lower starting rates and a larger range of loan amounts and terms than LendingPoint.

The annual USDA mortgage insurance premium — at just 0.35 % of the loan amount — is 40 % lower than the MIP charged for a comparable FHA - backed loan.

Interest rates can also vary, but it's usually best for prospective borrowers to obtain fixed - rate loans with the lowest amount to avoid paying more than they would if they simply continued paying down their credit card debt.

While Prosper has a lower range of rates than Citibank, its loans have shorter terms and lower loan amounts.

If you think you can qualify for a low rate at Citibank, we recommend checking out Earnest as the lender has even lower rates than Citibank and offers the same loan amounts.

Not only do they currently have lower interest rates than 7 (a) loans, but they have low down payment requirements and very high loan amounts.

With a 30 - year loan, your monthly payment will be lower than a shorter - term loan, but the amount of money you pay in interest over that time will be more.

If the amount the school certifies is higher than the amount you request, the certification will cover the lower amount that you have requested and the lower amount and the loan will be approved for the amount that you requested.

The annual USDA mortgage insurance premium — at just 0.35 % of the loan amount — is 40 % lower than the MIP charged for a comparable FHA - backed loan.

You can get an unsecured tenant loan even with bad credit but the amount of money you will be able to request will be significantly lower than if you had good credit and the interest rate charged will also be a lot higher.

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.

HELOC also appeal to many people because it offers bigger loan amounts and lower interest rates than credit cards and other consumer loans, but before you can qualify for this type of loan, you need to have at least 20 % equity on your home.

These loans tend to be for smaller amounts and shorter terms than other types of loan, so the larger origination fees make up for the lower interest that lenders receive throughout the life of the loan.

However, even though interest rates on personal loans may be lower than some other options, a decent amount will go toward interest if your rate is 10 % or higher.

«Interest rates for 30 - year fixed mortgages are now almost a half percentage point higher than the record low set in mid-November,» says Frank Nothaft, Freddie Mac's chief economist, Freddie Mac, «which for a $ 200,000 conventional loan amounts to $ 50 more in monthly payments.»

And then it makes more money per dollar of loans it makes because it receives a high yield for these loans while simultaneously charging off a lower than normal amount of each loan each year for its losses.

When you apply the $ 846.43 payment to an actual loan amount of $ 178,200, your APR is 3.9579 percent — considerably lower than 4.25 percent.

Here's the formula: Loan amount ÷ appraisal value or purchase price (whichever is less) For example: The home you want to buy has an appraised value of $ 205,000, but $ 200,000 is the purchase price The bank will base the loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8Loan amount ÷ appraisal value or purchase price (whichever is less) For example: The home you want to buy has an appraised value of $ 205,000, but $ 200,000 is the purchase price The bank will base the loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan amount on the $ 200,000 figure, because it's the lower of the 2 You have $ 40,000 for a down payment, so you need a $ 160,000 loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan to meet the $ 200,000 purchase price Your loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan - to - value equation would look like this: $ 160,000 ÷ $ 200,000 =.80 You multiply.80 by 100 % and that gives you an LTV of 80 % Private mortgage insurance (PMI) If your down payment is lower than 20 %, your loan - to - value ratio for conventional financing will be higher than 8loan - to - value ratio for conventional financing will be higher than 80 %.

Each of the alternatives has a lower monthly payment than Standard Repayment, but this extends the term of the loan and increases the total amount of interest repaid over the lifetime of the loan.

By letting qualified borrowers into the program — borrowers with smaller loan amounts and lower monthly payments than they now face — we should be able to reduce foreclosure levels and thus the inventory of unsold homes which is holding down home prices.

These loans charge higher interest rates and offer lower loan amounts than secured loans.

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.

Minimum payments on credit card balances are far lower than monthly repayment obligations on personal loans, as they are calculated as either a set dollar amount or a percentage of the balance due.

If you're thinking of taking out a debt consolidation loan, you may wish to arrange to repay it over a longer timeframe than your original debts — which can lower the amount you are required to spend each month.

Finova offers loan terms up to 12 months and lower loan amounts (as low as $ 500) than auto equity lenders.

Interest rates are currently capped at 10.5 %, which is lower than a new entrepreneur may find anywhere else, with loan amounts up to $ 250,000.

The interest rates are set fairly high, and the maximum loan amount is much lower than many other personal loan providers including SoFi and Upstart.

Compared to SoFi, Upstart's minimum loan amount begins at $ 1,000, a lower, more accessible balance preventing car buyers from potentially borrowing too much money than they need just to secure a loan.

For this reason, the loan amounts tend to be much lower than what you'd with other loan products to help ensure the borrower can afford to make the monthly payments.

Some lenders will loan to those with FICO credit scores lower than 600 if the amount that the borrower asks for is less than $ 5,000.

For instance, LightStream currently offers some medical personal loans with rates lower than personal loans for consolidating credit card debt, but only for loans with particular terms and loan amounts.

And though the rates are still lower than that of credit cards and pay day loans, truth is that the approval of these unsecured consolidation loans is based on your credit score and you will need a fair credit stance in order to qualify if you need a high loan amount.

FHA mortgage insurance costs can be lower than for MI premiums charged by private mortgage insurance companies, depending on your loan amount and the size of your down payment.

Adjustable - rate mortgages may offer lower interest rates than fixed loans initially, but they adjust after a certain amount of time, such as two, five, seven or 10 years.

Most loan companies offer lower interest rates with higher loan amounts to people with good or excellent credit, giving them more options than those with average or bad credit.

If your existing home amount is more than 80 % of your home's current value, an FHA refinance loan may provide lower mortgage rates, converting your current home loan from an adjustable to fixed rate (ARM) mortgage.

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.

Rates may be higher for loans to purchase a vehicle from a private party, smaller loan amounts, longer terms, vehicles older than 6 model years and a lower credit score.

For instance, the payments» amount is significantly lower than the loan installments and only a bit higher than renting.

You may be able to avoid this situation by making monthly payments toward the new, lower fixed - rate loan in an amount equal to or greater than what you previously paid toward your original loan.