Sentences with phrase «monthly tenure payment»

As an alternative, Jones could sit on her credit line for 20 years, and then convert it to a monthly tenure payment that would continue so long as Jones resided in the house.

In the first year the Line of Credit or monthly Tenure Payments or monthly payments can not exceed 60 % of the Principal Limit.

Not exact matches

Marcus has no origination, prepayment, or late fees — Goldman Sachs makes money on the interest, the website prominently states — and it allows customers to choose their monthly payment date and customize payment size and loan tenure.

That benefit is usually a monthly payment in retirement, based on the tenure of the employee, his or her salary, and possibly other factors.

This «monthly payment for life» is limited to the tenure or modified tenure plans.

Term payments mean monthly checks are sent for a fixed period of time, whereas with tenure, the monthly payments are for the life of the loan.

Even though, you are making monthly payments with the sole intention of buying gold, you can not benefit from cost - averaging during the payment tenure.

The similarity is that both allow for fixed monthly payments, but with a tenure plan, it allows for monthly payments as long as you live in the home as a primary residence.

With a tenure payment plan it doesn't matter if the loan balance exceeds the value of your home, you will still receive the same monthly payment.

Owners may increase or lower the monthly installment amounts as per the profitability or they can also replay the full amount before tenure to close the loan account Even some banks and lenders can also offer you part - payment facility.

Under the adjustable rate reverse mortgage, homeowners can choose to receive home equity in monthly payments, term or tenure payments (a term payment being for a set term established by the borrower and a tenure payment being a payment for life), in a line of credit that you can access when you want, or a combination of any of these choices (i.e. a small lump sum to make repairs now, a portion in a line of credit to be able to access for later needs and the remainder in monthly payments for life).

Modified tenure — Combination of a line of credit and monthly payments for as long as at least one borrower continues to occupy the residence

Tenure: fixed, equal monthly payments that will continue for as long as at least one borrower is living in the property as a main residence 2.

Borrowers may choose one of five payment options: (1) term, which gives the borrower monthly payments for a fixed period selected by the borrower; (2) tenure, which gives the borrower a monthly payment from the lender for as long as the borrower lives and continues to occupy the home as a principal residence; (3) modified tenure, which combines the tenure option with a line of credit; (4) line of credit, which allows the borrower to make withdrawals up to a maximum amount, at times and in amounts of the borrower's choosing; and (5) modified term, which combines the term option with a line of credit.

Exide life New Fulfilling Life — Commenced on 19 — Feb — 2014 — Monthly pay of Rs 2097 — Payment tenure 16 years * 12 months (192 months)-- coverage until 85 years

«In most cases, they would also be granted a longer repayment tenure, and this would mean a lower monthly payment.

Tenure: This provides you with a regular monthly payment for as long as you stay in the home.

The tenure plan calculates monthly payments as if the borrower will reach age 100.

Post the payment of this benefit, a regular monthly income increasing every year @ 6 % per annum compounded yearly is paid for the remaining plan tenure subject to a minimum of 5 years

Monthly payment option as 10 % of Rider Sum Assured divided into 12 equal components is paid at the end of every policy ending month for a tenure of 10 years.

In case of availing monthly instalments, a fixed monthly income chosen at the inception of the plan is payable following the month of death till the end of the plan tenure subject to a minimum of 3 years or 36 monthly payments.

At the end of the term, if the policyholder survives, he gets a regular monthly income till the end of the policy tenure, as specified in the policy (note: in case of MIPs policy tenure is longer than premium payment term).

Unlike a MIP offered by the mutual fund companies, the monthly income policies offered by life insurance companies also have an insurance cover to protect the insured party and in some cases, a maturity benefit payment at the end of the policy tenure.

The monthly income from these plans may start during the tenure of the policy payment period or after when the premium payment period ends.

Most insurance companies in India offer online money income plans that help the insured and his or her nominees to get a guaranteed monthly income along with a lump sum payment, if the plan allows, at the end of the plan tenure.

The monthly amount of contribution will vary as per the payment's tenure, banking on when the person joins the Atal Pension Yojana.

You can customize the plan with respect to the sum assured, policy tenure, monthly payment payout, and so on.

Exide life New Fulfilling Life — Commenced on 19 — Feb — 2014 — Monthly pay of Rs 2097 — Payment tenure 16 years * 12 months (192 months)-- coverage until 85 years

Modified Term is similar to the Modified Tenure in that it provides a Line of Credit along with monthly payments for a fixed period.

The similarity is that both allow for fixed monthly payments, but with a tenure plan, it allows for monthly payments as long as you live in the home as a primary residence.

Modified Tenure offers a combination of the Line of Credit option with Tenure, meaning they have a line of credit when payments are needed as well as monthly payments.

With a tenure payment plan it doesn't matter if the loan balance exceeds the value of your home, you will still receive the same monthly payment.

This «monthly payment for life» is limited to the tenure or modified tenure plans.

If you take fixed monthly payments, referred to as «life tenure» payments, they will continue as long as you live in the home, even if the balance due grows beyond the initial principal limit on the loan.

Tenure: equal monthly payments for as long as one borrower resides in the home as his or her principal residence.