Sentences with phrase «normal loan amount»

However, for borrowers requesting a larger than normal loan amount ($ 10,000 or more), we may request a GPS tracking device be installed to offset our risks.

Not exact matches

In the 12 New Jersey counties with a $ 625,500 conforming loan limit, you can take out a home loan up to that amount and it is still considered a standard loan and is eligible for normal interest rates.

Some guys make libraries pay a normal amount, but anytime an e-book is loaned out more than 26 times, the library has to buy the e-book again.

And then it makes more money per dollar of loans it makes because it receives a high yield for these loans while simultaneously charging off a lower than normal amount of each loan each year for its losses.

3) The lender or financial institution must also disclose to the borrower the Annual Percentage Rate (APR), the normal payment amount (this includes any balloon payment where the law permits balloon payments, that is discussed below), and the loan amount (plus where the amount borrowed includes credit insurance premiums, that fact must be stated).

Under normal market conditions, it will invest at least 80 % of its net assets (plus the amount of any borrowings for investment purposes) in Senior Loans.

The following features are prohibited from high - fee, high - rates loans: 1) All balloon payments - where the normal payments do not pay off the principal balance in full and a lump sum payment of more than twice the amount of the normal payments is required - for loans with less than 5 yr.

While normal loans accumulate interest on the remaining balance, pre-compute loans apply an interest rate to the entire loan amount for the entire loan term, and then add the interest amount to you loan amount.

VA Loans Max Seller Contribution For VA Loans the maximum amount of Seller Contributions can not exceed 4 % of the sales price in addition to normal discount points and traditional seller credits to borrower closing costs.

Normal student loans require repayment of the principal plus interest, but the interest - free loan only requires repayment of the original loan amount.

The 7 - pay test basically places a cap on the amount of money you can put into a policy for the first seven years of its duration — pump in more money than the cap allows, and your policy becomes an MEC, which is subject to both normal income taxes and an additional tax penalty whenever loans are taken out on the policy before age 59 1/2.

Like a normal home loan, you can only pull out equity to a certain limit, but instead of a loan - to - value ratio (LTV), this max amount is known as the principal limit factor (PLF).

If you have a smaller loan amount, it might be a smarter financial move to pay down your loan in normal installments rather than take the prepayment penalty.

This bank has run into a number of problems related to sub-prime loans so rather than continue to pay out the normal dividend and risk running out of cash, the company decided to decrease the amount of dividend.

It allows them to qualify for a larger loan amount than normal..

Default rates for higher priced homes during normal economic conditions are actually lower than the average default rate for homes that fall within the conventional loan amounts.

a) the loan is free of interest; b) the minimum maturity period of the loan is seven years; c) The amount of loan is received by inward remittance in free foreign exchange through normal banking channels or by debit to the NRE / FCNR account of the non-resident lender; d) The loan is utilised for the borrower's personal purposes or for carrying on his normal business activity but not for carrying on agricultural / plantation activities, purchase of immovable property or shares / debentures / bonds issued by companies in India or for re-lending.

You want to consolidate debt - Similar to taking cash out, if you want to pay off your high - interest - rate credit card debt with your low - interest - rate mortgage, you'll only be able to do that through a normal refinance, because an appraisal and additional underwriting is required to get a loan for a larger amount than you currently owe on the home.

I would transfer an amount that I felt I could comfortably pay in the 15 month period (in addition to making my normal student loan payments regularly).

Many companies allow existing policyowners to exchange their existing low loan rate policies for new adjustable loan rate policies with favorable terms or conditions such as enhanced cash value schedules, higher face amounts, a higher dividend classification, and lower than normal upfront exchange fees.

In the 12 New Jersey counties with a $ 625,500 conforming loan limit, you can take out a home loan up to that amount and it is still considered a standard loan and is eligible for normal interest rates.

Typically, the amount of interest paid associated with mortgages costs at least two - thirds more than the borrowed loan amount over the loan life if payments are made on a normal amortization (30-20-15 year loan term) schedule.