Sentences with phrase «of loan examples»

1 APR, projected monthly payments, and total cost of loan examples are based on a $ 10,000 loan disbursed in one disbursement with either 5 — year, 10 — year, 15 — year or 20 — year repayment.

Using the terms of the loan example given in point No. 1 above, this method will shave three months off your payment term.

Not exact matches

For example, if you buy a piece of machinery with a loan that was intended to fill a short - term need like employee payroll, then you risk being saddled with a loan that you can't get out from under.

(OnDeck, for example, has an origination fee of 2.5 percent of the principle for its loans.)

For example, if you've maxed out your credit limit of $ 40,000 across your credit cards and line of credit loans, then you have nothing protecting you in case of an emergency.

If you currently are taking advantage of such programs (for example, by teaching in low - income areas or working in nonprofits or fields such as nursing or law enforcement), consolidating your loans could affect the terms of that forgiveness.

For example, Small Business Week Eastern Missouri has a schedule of almost 20 different events next week, ranging from information sessions about how to get an SBA loan for your business and how to win a government contract bid to a SBA gala and networking event.

For example, people seeking mortgages visit LendingTree.com, where they're guided through a series of around 20 prompts calling for such information as credit scores, the loan amount requested, and the proposed percentage down payment.

Dan Gilbert, CEO of Quicken Loans, for example, moved his company's headquarters to downtown Detroit to bolster the population numbers and help jumpstart the local economy, then provided further sustenance to the commercial ecosystem by opening a new start - up incubator and venture capital firm.

«For example, student loan interest and mortgage debt are two types of good debt.

For example, some companies may prefer to receive the loan proceeds in three increments instead of in a lump sum.

In 2012, for example, the bank guaranteed $ 36.5 billion worth of loans.

Many college websites feature calculators (here's New York University's, for example) that will estimate how much relief — usually in the form of grants or loans — you'll receive.

Farmers, for example, are supposed to first explore loan programs available through the Farmers Home Administration (FHA), while some members of the fishing industry — depending on the nature of their need — should first consult with the National Marine Fisheries Service (NMFS).

For example, Dan Gilbert, the chairman and founder of Quicken Loans Inc. and majority owner of the NBA's Cleveland Cavaliers, has bought more than 30 buildings in downtown Detroit.

You can check the median student loan debt of residents in Albany County, Wyoming ($ 19,542), for example, or the share of student loan debt in collections in Ada Country, Idaho (3 percent).

When a Halifax contractor needed a loan to help fund a large construction job, for example, he was rejected by his bank for not having adequate proof of income.

For example, you could agree to a penalty only if you pay off the loan in a relatively short period of time, say, within six months from the time of the loan.

This past February, for example, Heller Financial announced it would not write any new Small Business Administration - backed loans, although the institution previously had been one of the top providers in that market.

The average size of the loans made by Seacoast Commerce Bank, for example, which made just 325 loans in 2015 and ranks number 10 on the list, was close to $ 1 million.

Over the life of a mortgage, home equity loan, car loan, or student loan, for example, this can cost you tens of thousands of dollars in interest fees.

Likewise, if you have a five - year car loan, for example, showing three, four or five years of positive payment history (with no late or skipped payments) will benefit you.

For example, among a private group of investors in October, Mosaic raised $ 40,000 from 51 investors for a five - year, 6.38 % loan to finance a solar project on the roof of a job - training center in Oakland.

For example, a current PLUS loan comes with an interest rate of 6.31 % which is almost double the interest rate of a Direct Loan for undergraduates (3.76loan comes with an interest rate of 6.31 % which is almost double the interest rate of a Direct Loan for undergraduates (3.76Loan for undergraduates (3.76 %).

There are other factors to consider (the side benefits of federal consolidation loans for example), and there are additional strategies not covered in this scenario that some borrowers may be able to utilize.

In California, for example, the disclosure must identify the dollar amount of the payments being sold, the present value of those payments based on a federally established interest rate, the amount being paid to the seller, and the interest rate calculated as if the transfer were a loan and not a sale of the payment rights.

In 2006, for example, a review of mortgages found that at least 1,154 loans were more than 30 days delinquent.

For example, Income - Based Repayment sets your payments at 10 - 15 percent of your discretionary income, depending on when your loans were disbursed.

For example, the loan term when purchasing short - turnaround inventory and a large piece of manufacturing equipment could be very different.

For example, regulators can lower loan - to - value ratios in response to indications of rising household sector vulnerabilities.

For example, a healthy restaurant might get turned down for a loan if the business owner has a personal credit score of 600 and doesn't have a track record of several years in business.

If you have a 3/1 ARM, for example, you'll need to understand that your interest rate will change once a year for the last 27 years of your loan term.

For example, if you're planning to use the loan proceeds to buy another business you'll need to provide a copy of the purchase agreement, the target company's financial statements, tax returns, and other details about them (your loan officer will inform you as to the specific documents you may need to add to your loan application).

For example, 57 percent of those who participated in the ETA survey chose a shorter - term loan option with a higher APR for a hypothetical short - term business opportunity because it offered a lower overall dollar cost when compared to a longer - term loan with a lower APR..

For example, this type of loan would be a good choice for the investor who wishes to minimize short term loan costs to free up capital.

5 Demand for loans of reserves was driven, for example, by reserve requirements imposed on depository institutions.

Using information from the first example, you can see a savings of close to $ 100,000 over the life of the loan when that exact action happens.

For example, with the exception of a line of credit, many traditional lenders, like banks and credit unions, prefer to make longer - term loans of four, five, or 10 years.

For example, if you own a piece of property that you feel would be the perfect spot to place a small motel, then you may be in need of a construction loan to finance the building of your dream accommodations.

A common example of a balloon mortgage is the interest - only home loan, which enables homeowners to defer paying down principal for 5 to 10 years and instead make solely interest payments.

Many lenders have eased their requirements for auto loans, for example, says Roberts, though lending standards remain far higher than during the 2005 - 06 peak of the credit bubble.

Because a small business loan is considered a higher - risk loan, to reduce that risk to the lender, the SBA will frequently guarantee 50 % to 85 % of an eligible loan (within their 7 (a) loan program, for example).

For example, if your business's income is $ 10,000 a month and you have $ 7,000 worth of expenses including rent, payroll, inventory, etc., the most you can comfortably afford is $ 1,000 a month in loan repayments.

Another example, in the Army Forces Student Loan Repayment program, each individual who enlists in the Army is eligible to have up to $ 65,000 of their student loans forgiven by the Army.

For example, some agencies permit their employees to receive up to $ 10,000 per year, and a total lifetime maximum of $ 60,000 in loan repayment.

For example, if you're planning to use the loan proceeds to buy another business you will need to provide a copy of the purchase contract, the target company's financial statements, tax returns, and other details about them.

For example, by looking at the overall health of your business, your cash flow, and your personal and business credit profile, you might even qualify for more than you would with a traditionally collateralized loan.

I created this blog in order to help me improve my finances (one example — due to this, I was able to pay off $ 38,000 in student loans in 7 months), keep track of my progress, and to help readers improve their finances along the way.

For example: The minimum monthly payment for all of your loans within the Federal Direct Loan Program is $ 50.

Kiva Zip, for example, offers crowdfunded loans of $ 5,000 or less to very small businesses for a first time loan.