Sentences with phrase «money as a line of credit»

Payment of loan proceeds — The borrower receives the loan money as a line of credit, monthly installments, a combination of both, as a lump sum, or the payment retires an existing mortgage.

With a HECM or proprietary reverse mortgage, a homeowner can elect to receive the money as a line of credit they can draw upon, in monthly installments, or as a combination of the two.

Not exact matches

Should you need the money, you simply withdraw on the line of credit as if it were cash in your bank.

If money is flowing into your account regularly, you are maintaining more than the minimum balance, and you are handling the account responsibly (i.e., the checks you write are clearing), chances are that your banker will begin to offer you products such as a business credit card and possibly a line of credit.

While not recommended as a sole source of start - up money, a line of credit is essential for the start - up phase.

Lines of credit are also great for overdraft protection — just be sure to pay off the balance as soon as you can so you don't waste money in interest!

As a result, many seek financing through family money or personal credit cards and approximately forty percent use personal and home equity lines of credit to finance their business.

If you want to request smaller amounts of money as needed, Kabbage offers lines of credit up to $ 150,000.

One thing we like about Wells Fargo is that you can borrow up to $ 100,000 for up to five years without the term or strict APR cutoffs that NFCU imposes, and you can borrow this money as either a personal loan or line of credit.

A HELOC, in short, is a line of credit (similar to a credit card account) where the family home is used as collateral to borrow money against the house (the equity) in order to pay bills, do renovations, or take a vacation.

If you're buying a home, a car, getting a college education, or even buying a new washer and dryer for your home, opening a line of credit probably makes sense as these are large - money events.

For purchasing equipment, as long as you've provided some investment into your business you should be able to acquire financing, although there are plenty of ways to raise money, like grants, loans, line - of - credits from your bank, etc. (I prefer to use a line of credit)

Using a line of credit is ideal here, because you can take out money as you need it to pay contractors and cover other expenses.

A HELOC is a revolving line of credit that enables you to borrow money from your credit union or bank using your home as collateral.

Borrowers can get their money in one lump sum, in regular monthly installments or as a line of credit, similar to using a credit card.

A credit card gives you access to a revolving line of credit, meaning you can use as much as the card limit, pay the money back and borrow it again.

With a personal line of credit, you can borrow the money in stages as you require t.

Like a credit card, you'll be able to borrow money against your line as often as needed as long as you don't exceed the limit on the line of credit you've been granted.

While there are a couple of secured credit cards on the market, you will need to put up the amount of money you wish to have as a line of credit.

The types of accounts used as source accounts include: Savings, Money Market or Line of Credit Loans.

It's easy to think that someone offering you a line of credit is the same thing as someone giving you money.

For example, financial planner and Texas Tech associate professor John Salter demonstrated how different claiming strategies, such as filing and suspending and filing a restricted application, that can significantly boost the amount of inflation - adjusted Social Security payments over a lifetime and how a reverse mortgage might be used as a back - up line of credit that can be drawn on during prolonged market downturns to reduce the chance of running out of money.

The couple also inquired to see if they could roll their line of credit (LOC) into their mortgage to see if they could save some money doing this, as LOCs are usually 1 % (or more) higher than variable rate mortgage rates.

Up to the limit of the line of credit you can withdraw as much money as you need and repay it in the terms you choose.

You could lose all the money in your account (plus the maximum amount of any line of credit (such as a Checkline Reserve or EquityLine) or savings account linked to your account for overdraft protection transfer purposes.

Getting a secured line of credit is not as complicated as it may seem and it can easily provide all the money needed to solve a cash flow problem once and forever.

With a Home Equity Line of Credit, you borrow money as you need it.

A home equity line of credit lets you borrow money using your home as collateral.

Unless the borrower has a need for a large sum of money upfront, it is recommended that they configure their loan payment as a line of credit or as monthly payments.

A home equity line of credit (HELOC) can be a great way to borrow money, but as with any loan it's important to understand what you're getting into, and exactly how you plan to spend the money.

Lines of credit on the other hand, are open accounts where you can withdraw the amount you need, when you need it and repay it as you can, provided that you return every month a minimum payment that usually consists on the interest for the money that you withdrew.

Unless you need for a large sum of money upfront, it is recommended that you configure your loan payment as a line of credit or as monthly payments instead of a lump sum.

The credit line gives the borrowers the option of taking as much money as they wish at initial funding, but then with the remaining funds the borrowers can access the funds as they desire.

Or should we use our $ 30,000 cash as a down payment, get a mortgage for $ 45,000 and use a combination of our TFSA money and line of credit for the renovations?

If you did not have access to credit of any kind — no credit cards, no line of credit, no over-draft protection, no loans — would you be as willing to drop gobs of your hard - earned money on things like expensive shoes and fancy cars?

If you want to request smaller amounts of money as needed, Kabbage offers lines of credit up to $ 150,000.

A line of credit is a type of loan that allows you to draw money as you need it up to your credit limit.

Bottom line: As long as you have an actual plan, and as long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneAs long as you have an actual plan, and as long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneas you have an actual plan, and as long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneas long as you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra moneas you understand the fine print, it is possible for you to take advantage of credit card perks without spending extra money.

Secured credit cards can be used as a general credit card, but the difference is that you have to use some of your own money as «collateral» in order to obtain a credit line from the issuer.

Small - business owners may be able to secure lines of credit even if their businesses are currently losing money, as long as their personal credit scores are high — generally above 700.

When you have a credit card, a bank loans you a specific amount of money, known as your credit limit, and you're allowed to make purchases with that line of credit.

Although I still agree in theory that using a line of credit for an emergency fund is a more efficient way to manage your money — having survived several rounds of job cuts in the past year I have embraced the idea of having plain old cash as an emergency fund.

It is important to treat your secured credit line just as if it were an unsecured line of credit, even though your money is guaranteeing payment to the lender.

A home equity line of credit, sometimes referred to as a HELOC, works similarly to a credit card in that homeowners can access the money they need when they need it, with few limitations.

Lenders online can provide loans such as, home equity lines of credit, second mortgages, third mortgages, refinance loans, first time home buyer loans, sub prime loans for people with less than perfect credit or bad credit, debt consolidation loans, no money down home financing and more.

The lines of credit are somewhat different: There is no loan amount, a maximum credit amount is set and you can borrow as much money as you need up to that amount.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

A business line of credit is a type of open - end loan that allows you to withdraw money as needed for your company.

Or, you can get a line of credit that gives you a pool of money you can withdraw from as you need it.

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