Sentences with phrase «of the amount borrowed»

If you draw a high percentage of the amount borrowed — taking $ 9,000 of the $ 10,000 you borrowed, for example — it will hurt your credit score.

They also typically charge an up - front fee of several percent of the amount borrowed, so you need to take that into account as well.

If you were owed a refund for less than what you borrowed, you will only get a discharge of a portion of the amount you borrowed and you will still owe the rest.

Principal and Interest; The portion of a borrower's monthly mortgage payment that represents repayment of the amount borrowed plus interest charges.

Once you've done that, lowering your utilization rate, or the ratio of amount borrowed to amount available, can be a powerful tool for improving your overall credit score.

The principal of the mortgage is the sum total of the amount you borrowed to purchase the home.

Mortgage insurance costs reverse mortgage borrowers 0.5 % or 2.5 % of the amount borrowed up front, depending on the loan type, and 1.25 % of the loan balance annually.

The loan term implies that you'll be paying sometimes more than 100 % of the amount borrowed over the whole life of the loan.

Rising interest rates will also increase the total cost of the amount borrowed, leading to a more expensive kitchen renovation, for example, than what you paid for initially.

Each month, you pay back a percentage of the amount borrowed — the principal — plus a fee.

Interest is calculated as a percent of the amount borrowed.

It applies to loans where your regular repayment includes both interest and the gradual repayment of the amount borrowed.

Any credit you use is a debt that must be paid back to the credit provider - usually with extra costs on top of the amount you borrowed such as interest, fees and charges.

It's an insurance policy your lender will take out to cover a portion of the amount you borrow in case you ever default on your loan.

the best personal loans are very simple and easy to understand.You receive a lump - sum payment of the amount you borrow, and then you pay back the personal loan in monthly installment payments.

If you took out the mortgage before Oct. 14, 1987, all of the interest on the mortgage can be deducted regardless of the amount you borrow.

If you have a 30 year loan with less than 5 % down, you will pay.85 % of the amount borrowed per year.

the portion of the amount borrowed compared to the cost or value of the property purchased — that is, mortgage debt divided by the value of the property.

At the end of the day, however, if you hold one of our loans for 6 months, your cost comes out to somewhere between 10 - 14 % of the amount borrowed depending on risk level.

Interest is always an important consideration when taking out a loan because it adds an extra cost on top of the amount you borrow.

In addition to interest, you may have to pay «points,» with one point equal to one percent of the amount you borrow.

One mortgage «point» (like your loan origination fees) is equal to about 1 % of the amount borrowed in your home loan.

Closing accounts will reduce the amount of available credit you have, and 30 percent of your credit score is based on credit utilization, which is the ratio of the amount borrowed to the amount of credit available.

With a personal loan, you receive a lump - sum payment of the amount you borrow, and then you pay back the personal loan in monthly installment payments.

As we touched on above, this strategy of borrowing from a properly structured whole life insurance policy allows you to continue to accrue cash value, tax free, regardless of the amount borrowed and at reasonable market rates.

Principal and Interest; The portion of a borrower's monthly mortgage payment that represents repayment of the amount borrowed plus interest charges.

3 Rate Definitions: Simple Interest: Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee Annual Interest Rate: The interest rate in annualized terms, excluding fees Annual Percentage Rate: The interest rate in annualized terms, including fees

A business that uses a merchant cash advance, according to several MCA provides, may pay back 20 % -40 % (or more) of the amount borrowed.

If you can secure an interest rate of 4 %, over the life of the loan, you'll pay $ 159,737 in interest (that's on top of the amount you borrowed that you need to repay).

He also challenged ministers to apply the same cap as on pay - day loans, limiting interest and charges to 100 % of the amount borrowed.

This is because APR takes into account the total cost of borrowing money, expressed as a percentage of the amount you borrow.

One point is equal to one percent of the amount you borrow.

These include items such as an application fee, title search, appraisal, attorneys» fees, and points (a percentage of the amount you borrow).

You could get a government - backed loan from the FHA and your down payment is only 3.5 % of the amount borrowed.

This is a huge advantage for borrowers trying to avoid fluctuating rates on top of the amount borrowed.

Many companies charge an origination fee as a percentage of the amount you borrow.

Interest is usually expressed as a percentage of the amount borrowed.

The interest rate is the percentage of the amount borrowed, and it depends on the type of student loan applied for.

Points are based on the percentage of the amount borrowed.

The up - front premium currently equals 1.75 % of the amount borrowed, and can be «rolled» into the loan and amortized over the term.

Refinancing will generally cost you from 2 - 6 percent of the amount borrowed, depending on where you live, though most borrowers tend to pay toward the lower end of that range.

Along with shopping the source, you'll also have to shop the total costs of the loan, including the interest rate, broker fees, points (each point is one percent of the amount you borrow), prepayment penalties, the loan term, application fees, credit report fee, appraisal, and a host of other items.

Origination fees are charged as a percentage of the amount you borrow.

Your lender usually predetermines your fees, which are either a fixed amount or a percentage of the amount you borrow.

The maximum Establishment fee your lender is allowed to charge is 20 % of the amount borrowed.

The maximum monthly fee your lender is allowed to charge is 4 % of the amount borrowed each month.

interest [top] The cost of borrowing or lending money, usually a percentage of the amount borrowed or loaned.

Initial entitlement in today's environment is $ 36,000 and the VA guarantee is 25 percent of the amount borrowed.