Sentences with phrase «mortgage by installments»

Not exact matches

Creating a good credit mix can be done by adding an installment loan such as a personal, mortgage, auto loan or even a student loan.

It's important to recognize that only certain types of accounts are monitored by credit reporting agencies, including credit cards; installment loans repaid at a fixed amount over a predetermined period of time, such as auto loans, student loans or mortgages; and retail accounts such as store credit cards.

Amortization The gradual repayment of a mortgage loan, both principal and interest, by installments.

Mortgage refinance is becoming a popular financial remedy, especially for those who are burdened by large monthly installments or multiple debts.

The lender will add up all monthly installment and revolving debts in addition to estimated monthly mortgage payment and housing expenses and divide that number by monthly gross income.

For example, you can add installment credit (such as a student loan or mortgage) to your revolving credit account (such as a credit card), a move that can easily boost a score by a few points or so.

Private mortgage insurance (PMI): A special insurance paid by a borrower in monthly installments, typically of loans of more than 80 percent of the value of the property.

Amortization The gradual repayment of a mortgage loan, both principal and interest, by installments.

Amortization The gradual repayment of a mortgage loan, both principle and interest, by installments.