Sentences with phrase «only pay interest on»

Benefits associated with using a HELOC include the fact that there is little or no set - up fee involved and they only pay interest on the portion of the HELOC that is being used.

A benefit of HELOCs is that you only pay interest on the amount of money you withdraw, not the entire approved amount.

However, if you choose to carry a balance, you'll only pay interest on the new balance and not the balance you held during the intro period.

So, you only pay interest on the money that you take out.

The advantage of a line of credit is that you only pay interest on the funds you withdraw, not the total amount that is available to you.

For example, if you have a home loan of $ 500,000 and a balance of $ 20,000 in your offset account, you only pay interest on $ 480,000.

You'll only pay interest on the funds you've used.

You only pay interest on what you actually borrow and there are no closing costs.

You only pay interest on the amount that you use.

Also, you only pay interest on the amount you draw from the credit and not on the total credit amount.

You'll only pay interest on the outstanding balance.

Use your Business Line of Credit for short - term financing, emergencies, or seasonal needs, and only pay interest on the amount in use.

You only pay interest on the amount you actually borrow, so you can better control your interest expense.

You only pay interest on the amount you borrow.

You only borrow money as you need it, with no further approvals required, and only pay interest on the sum you have borrowed to date.

If you pay off your loan early, you will only pay interest on the time you borrowed.

Borrow funds to acquire land and construct owner - occupied buildings or investment properties, and during the construction phase, only pay interest on the amount borrowed.

Any unsecured credit is usually at a higher rate than secured credit, however, you will only pay interest on the portion that is used.

As with all of the installment products offered by CASH 1, there is never a prepayment penalty, so you can pay your loan back prior to the term and only pay interest on the money you borrow for the time you borrow it.

You only pay interest on funds drawn and the amounts are available up to $ 100 000.

An offset is where you build up savings to reduce / offset the amount of debt you pay interest on, so if you had a # 100,000 mortgage and # 20,000 in savings, you only pay interest on # 80,000.

Only pay interest on the amount you actually use!

With this type of mortgage, you only pay the interest on your loan until a certain point.

Plus, you'll only pay interest on the amount of your Personal Line of Credit that you use, and no collateral is required.

You can withdraw funds once per day, and you only pay interest on the funds you use, making it an option for emergency funds.

Similar to a credit card, you only pay interest on the amount you draw and you have to make monthly, weekly or sometimes daily repayments.

Many customers choose this product because you only pay interest on what you actually withdraw, not the entire line of credit.

By contrast, HELOC borrowers only pay interest on whatever amount of credit they decide to draw.

An advantage of a HELOC is that you only pay interest on the money you are actually pulling out.

One of the greatest advantages of debt consolidation is that when you bundle all of your debt, you only pay interest on a single loan and in these cases it's very common to be granted lower interest rates.

Although the APR is higher, you only pay interest on the amount you draw down and can replenish the line of credit at any time.

You get a revolving line of credit to draw from, with your house as collateral, and you only pay interest on what you use.

Additionally, you only pay interest on the money that you have withdrawn.

If you took your $ 52,000 as a HELOC, and used $ 6,000 for kitchen improvements, you'd only pay interest on the $ 6,000, and still have $ 46,000 to borrow.

You only pay interest on what you actually borrow — a nice arrangement if you ever need money for maintenance, renovations or emergencies.

Line of Credit: While you have access to the full payout from the loan, a line of credit differs from cash in that you only pay interest on the money you actually use.

However, if you choose to carry a balance, you'll only pay interest on the new balance and not the balance you held during the intro period.

If you use your credit card to make purchases, you will only pay interest on any unpaid card balance and not on your credit limit.

Get convenient access to cash and only pay interest on the funds you use.

You only pay interest on outstanding balances at the end of the billing cycle, so save yourself the money by paying it in advance.

The monthly payment amount varies depending on how much of this credit you used the previous month, and you only pay interest on the money that you take out.

You can typically use your HELOC any time during the draw period, and you only pay interest on what you use,» Farrington said.

You can withdraw funds once per day, and you only pay interest on the funds you use, making it an option for emergency funds.

Similar to other revolving lines of credit, you draw funds when you need them and you only pay interest on the funds you use.

They only pay interest on the funds they use and otherwise have the credit available to take advantage of opportunities that arise to improve the profitability of their restaurant.

Additionally, a HELOC is more like a credit card: You can draw from the equity line of credit over time when you need to, and you only pay interest on the amount you've borrowed.

You only pay interest on the money used in your personal credit line, but your bank might charge a fee for this use.

And, you only pay interest on the amount of credit you use — not any of the available line you don't use.

You have the flexibility to borrow only what you need when you need it, and you only pay interest on what you borrow.

We are a simple interest lender — so you only pay interest on the unpaid principal balance every day.