Sentences with phrase «on average loan»

A mortgage originator making 1.5 % on an average loan of $ 300,000, and 75 loans for the year would generate $ 225,000 in revenue per year.

(*) On average loan applications receive credit approval within 10 minutes.

There is no easy way to find the seasoned return numbers on Prosper Stats which is why I focused on the average loan age for the entire account.

Origination fee estimates are based on average loan amount and average origination fee % listed in company filings (10 - Q) for quarter ended September 30, 2017.

(*) On average loan applications receive credit approval within 10 minutes.

Not exact matches

The firm's mortgage investment corporation has about 2,400 such loans in its portfolio, with an average size of $ 85,000, and says it maintained a $ 4.3 - million loan loss provision on a $ 214 - million portfolio last year.

On average, you pay a 1 - 3 % higher interest rate when compared to the prime rates found in lines of credit and bank loans.

They rank above average in delinquency rates on all types of debt and rank in the top 10 for lowest rates of auto loan delinquency and credit - card delinquency.»

With the average college student owing nearly $ 30,000, it behooves borrowers to get educated on the ins and outs of student loans.

On average, high - yield bonds are trading at 86 cents on the dollar, meaning the market is predicting a 14 % loss on the loanOn average, high - yield bonds are trading at 86 cents on the dollar, meaning the market is predicting a 14 % loss on the loanon the dollar, meaning the market is predicting a 14 % loss on the loanon the loans.

For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending's Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

On average, private business loans from relatives and friends have interest rates 2 to 3 percent lower than market rates and 1 to 2 percent higher than high - yield savings rates.

After analyzing two million loan requests and the devices they were submitted on, the startup found that Mac users have the highest credit score on average, followed by iPad users, Windows users, iPhone users, and Android users.

It happens on a website where most of his clients are entrepreneurs and the average loan size is $ 10,000.

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.

A weighted average means that the loans with a higher balance influence the interest rate more than loans with a smaller balance — the overall impact of each old loan on the new interest rate is proportional to the comparative balance of that loan.

As default rates on junk - rated debt is above nine percent, companies with junk status face an average interest rate that is a whopping ten percent points above Treasuries — these days, that translates into roughly 12 percent for a five - year loan.

The average rate paid on short maturity loans was up 40 basis points at 6.1 percent.

The interest rate on a federal consolidation loan is a weighted average of the borrower's existing loans, rounded up to the nearest one - eighth of a percent.

Because the interest rate is a weighted average and rounded up, borrowers won't ever save money on interest by opting for a federal consolidation loan unless the loans are pre-2006 and have a variable interest rate.

The new interest rate can be lower or higher than the weighted average of the old loans and can be fixed (the interest rate won't ever change) or variable (the rate changes based on the market conditions).

For individuals with average to poor credit, APRs on personal loans will generally be between 18 % and 36 %.

The average annual percentage rate on a personal loan will range from 10 % to 28 % in 2018.

Average origination fees for auto loans range from 0 % to more than 2 % of the total loan amount, depending on your state, loan terms and lender.

The average student loan interest rate for these loans can vary widely based on an applicant's credit history and ability to repay the loan.

The interest rate offered on consolidated federal student loans is fixed but varies for each borrower because it is the weighted average of the interest rates on outstanding loans included in the consolidation, rounded up to the nearest one - eighth percent.

Here we compile the average rates on unsecured personal loans, grouped by credit score and lender.

Now that the Small Business Administration (SBA) has mandated a minimum 10 percent down payment on all SBA loans (and most individual lenders require up to 25 - 30 percent), the necessary cash needed as an SBA down payment can range from $ 40,000 to $ 120,000 for an average - sized loan.

They find that New York, New Jersey and Connecticut have higher balances, on average, for mortgages, home equity lines of credit (HELOC), student loans and credit cards compared to the national average.

Lock into a fixed interest rate, which is calculated based on the weighted average of the interest rates on your loans you are consolidating.

If your debt is largely on store credit cards, which have rates that average around 26 %, a personal loan may be a smart move.

From around the middle of 2017, the average interest rates on the stock of outstanding variable interest - only loans increased to be about 40 basis points above interest rates on equivalent P&I loans (Graph 2).

When you consolidate this way, your new interest rate is an average of the rates on your original loans.

It's possible to pay a low down payment on a conventional loan if you have excellent credit, but most banks require a down payment of 5 % or more for the average borrower.

The loans PayNet tracks are typically used to buy or update plants and equipment, and on average are for four - year projects.

People with excellent credit may receive an interest rate between 10.3 % and 12.5 % on a personal loan, which is lower than the national average credit card rate of 16.41 %.

The average interest rate on a 48 - month new - car loan dropped to 4.1 % this summer from more than 7 % at the end of 2008, though it's changed little in the last two years.

Depending on what kind of property is being financed and what lender is used, terms and rates on these loans can vary widely (see our guide on average commercial real estate loan rates for a better idea).

This reveals that differences in mortgage rate between states are relatively small: On a 30 - year loan for $ 200,000, the average mortgage borrower pays $ 3,384 more in the most expensive state than in the cheapest.

The borrower's new interest rate on the Direct Consolidation Loan is a weighted average of the interest rates of the underlying loans.

Drawbacks: Unfortunately, you'll likely get a high APR if you apply at OnDeck with a low credit score (the average APR on a term loan was 45 % for quarter three of 2017).

On the other hand, having a lower mortgage balance or larger down payment means that your quoted rates might fall below the average rates of the loan types you request.

While its home loan rates for Washington are fairly average, Quicken delivers mobile and online tools that introduce a unique level of on - demand service: you can upload documents and monitor the progress of your loan application when and where you choose.

The Pennsylvania legislature recently passed a bill that will ensure borrowers are up - to - date on their student loan debt.The average Pennsylvania college student graduates with $ 35,000 in student loans, which is higher than any other state in the U.S. And within three years of graduation, 10 percent of Pennsylvania student loan borrowers default on their debt.In order to combat this problem, the Pennsylvania House of Representatives recently passed a bill that would ensure students stay informed about how much debt they are accumulating.HB 2124 would require all colleges and universities to provide annual notices to students about their outstanding student...

Savings calculation of $ 21,916 is based on an assumed loan balance of $ 144,718 and a weighted average interest rate for CommonBond members that refinanced student loans from 10/1/2015 -1 / 31/2016 and indicated they had a Pharm.D degree.

On a standard 10 - year repayment plan, the monthly payment for the average student loan balance is almost $ 400 per month.

Some private student loan lenders post the average credit score and income of successful applicants on their website.

Weighted averages are based on loans originated in quarter ending June 30, 2017.

On average, they ask borrowers to find backers to fund 25 % of the loan.

In Illinois, the average amount of a student loan owed is $ 29,305, according to the latest data from the California - based Project on Student Debt.