Sentences with phrase «make equal monthly installments»
Not exact matches
With a no faxing line of credit loan, repayment is made in installments meaning that you'll make equal monthly payments throughout the entire line of credit loan term.
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Similar to an equity loan, you can receive the loan amount in a single lump sum or in equal monthly installments paid to you from the creditor, which is why it is a reverse mortgage — you receive payments rather than make them each month.
These are usually installment loans in which you make equal monthly payments until you pay the principal and interest in full.