Sentences with phrase «more time the loan»

Many people only look at the cost of the item without factoring in the interest costs, which only get bigger the more time the loan is paid off.

Not exact matches

Those kinds of struggles had led 53 percent of those small businesses to apply for funding or credit lines over the past five years — and more than one in four said they had sought loans multiple times.

«With the mini-bond program, for the first time since IDBs were created, I can show a potential borrower an IDB financial analysis that makes a lot more sense than a traditional commercial loan,» says Rick Palank, director of the St. Louis County Economic Authority in Missouri, one of the first offices to implement a mini-bond program.

This matters, Salters says, because some lenders are more appropriate for a one - time loan than for ongoing financing.

Women are two times more likely than men to think it will take more than 20 years to pay off their loans, according to market research firm ORC International.

Hilary Stout illustrated this problem in The New York Times in June: «After all, the millennial generation has less wealth and more debt than other generations did at the same age, thanks to student loans and the lingering effects of the deep recession,» she wrote.

At more than $ 30,000, the average auto loan for a new car is also at an all - time high, according to Experian.

According to a story in The Atlantic, college dropouts over the age of 25 are 71 percent more likely to be unemployed, and four times more likely to default on their student loans.

Traditional bank loans take more time to close than higher cost alternative lending products.

After grad school, the couple's student loan burden came to $ 600,000 — more than 27 times the average for college graduates in their 20s.

The city of Denton's lending ordinance, which passed in March, prohibits payday and auto - title lenders from renewing borrowers» loans more than three times.

Most small - business owners need a bank loan at one time or another, and applying for one involves much more than filling out paperwork and saying a prayer.

In Texas, where regulation is lax, lenders make more than eight times as many payday loans as installment loans, according to the most recent state data.

A 2014 report from the New American Foundation estimated that 40 % of loan debt was held by the 14 % of students seeking graduate degrees and the College Board found that graduate students borrow an average of nearly three times more per year than undergraduates.

The New York Times reported on Wednesday that the private equity firm Apollo Global Management and Citigroup extended loans totaling more than half a billion dollars to Kushner Cos last year after their officials held separate meetings with Kushner.

Every time you apply for a credit card or any type of loan, a potential creditor will make an inquiry with one or more of the credit reporting agencies (Experian, Equifax or TransUnion).

Borrowers should keep in mind that lower interest rates at the beginning of a loan result in more actual savings than lower interest rates towards the end of a loan since the principal is lower as time goes by (interest charged is a percentage of the current loan balance).

The monthly payments for this loan are more expensive than with a 30 - year mortgage as you are paying off the same amount of money in half the time, but you will pay less interest.

The suggested fixes include capping loans at 65 per cent of the home value, introducing new and more conservative means of estimating how much a residence is worth, and amortizing the loans (meaning that borrowers would have to repay the principal within a certain time frame, as in a mortgage, whereas now they can simply keep paying interest on their HELOCs).

That might not seem very fair, but jumbo loans usually seem less risky to lenders because the people who apply for them are considered more likely to make their mortgage payments on time each month.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

According to Spitzer, Wells Fargo's African American customers in New York were three times more likely than whites to receive high cost loans, at JP Morgan Chase and Citigroup the disparity was 2 - to - 1 and at HSBC, 1.5 - to - l.

There are times when you may qualify for more money in student loans than what you need for school.

Finding the right investor can be time consuming and more complicated than applying for a small business loan.

A federal agency that insured more than half of all loans for first - time homebuyers last year may soon look to taxpayers to shore up its dwindling finances.

That year, about 90 percent of all loan fees came from consumers who borrowed seven or more times, according to the agency, and 75 percent were from consumers who borrowed 10 or more times.

A motel loan may also be used to update rooms or give your property a little facelift, which can be helpful if you've been in business for some time and could use some more modern conveniences.

The operative notion of easy money is that you create $ 32 billion in bank reserves, the banks lend out the money, the money gets spent, more loans happen, and through the magic of the «money multiplier», the amount of loans in the economy goes up by many times that $ 32 billion.

What's more, a restaurant loan can be an important tool for fueling growth and expansion for a healthy restaurant (or any healthy business for that matter)-- but remember, timing is everything when you run a small restaurant.

And, many times, short - term business loans may come with faster approval rates than more traditional long - term financing at the bank — which helps when time is of the essence.

The more you know about the type of loans that work best for your business need, the less time you'll spend applying for financing that won't help your business.

That figure, which comes out to a combined 360 billion euros ($ 401 billion) in bad debt, is more than three times the bank loans that were bad in the U.S. on a percentage basis at the height of the financial crisis.

The only problem with variable rates is that they can go as long as more than the time period of the loan.

PayNet collects real - time loan information, such as originations and delinquencies, from more than 250 leading U.S. capital equipment lenders.

However, BorrowersFirst only offers a select number of five year loans, so if you really want more time to pay off your loans, iLoan may be better for you.

Depending upon the nature of the business need, a business» credit profile, time in business, whether or not the business has adequate collateral, and other factors, there are more small business loan options available today than ever before.

Together, these requirements create a triple whammy for some first - time homebuyers who often have smaller down payments, higher debt obligations — such as student loans — and traditionally lower credit scores than more seasoned buyers.

Because the repayment term is longer, interest has more time to add up and you can end up paying thousands more over the duration of your loan.

If you are approved for refinancing your private student loans, you can refinance them more than one time.

That means in a year you would pay for the entire loan more than five times over in interest!

In general, we recommend OnDeck for business owners who want loans of more than $ 300,000 or who may not be able to meet specific time in business or credit requirements at other lenders.

With refinancing, you can shave one or more interest points off of your student loan, and shorten the loan term at the same time.

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These loans would largely go to first - time homebuyers who are more likely to put less than 20 % toward the purchase of a home than move - up buyers.

The interest rates are also generally higher than other lenders; that can be a problem if you're looking for a longer - term loan to give yourself more time.

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So you can truly originate more loans, lower costs, reduce time to close, and make smarter business decisions.

Small businesses located in bigger cities — such as New York, Los Angeles, Miami, and Boston — tend to have an easier time securing a small business loan because there are more local options.

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