Sentences with phrase «original amount borrowed»

Over the life of a standard mortgage loan, the entire original amount borrowed is generally scheduled to be fully paid off, or amortized.

It's typical for repaying the loan to cost more than twice as much as the original amount borrowed.

On payday, the lender will claim the fee plus the original amount borrowed.

Interest makes your college education cost more than the original amount you borrowed.

Let's say that by the time your accrued interest is added to the original amount you borrowed, you have $ 30,000 in student debt.

More often than not the interest that you will be paying over the term of a high risk loan is almost as much as the original amount borrowed.

That means you could end up paying several times the original amount you borrowed when all is said and done.

Under the FHA Streamline program, your new loan can't exceed the original amount you borrowed to purchase the home.

There are a number of reasons why the total amount you owe on your federal student loan might be higher than you expect it to be when you compare the current amount you owe with the original amount you borrowed.

Your loan agreement will show the original amount borrowed and the confirmation that the loan is a closed - end variety.

When the borrower repays the loan, he pays the original amount he borrowed — the principal — as well as the interest.

Interest on these loans will accrue while you are in school, and if not paid before repayment begins, will be added to the original amount borrowed on this loan.

(It's also worth noting that, in many cases, creditors have already received enough in interest to more than cover the original amount borrowed, especially if the obligation is a credit card or some other high interest consumer loan.)

It can result in a borrower owing substantially more than the original amount borrowed.

No matter when their loans were taken, many borrowers find themselves in a paralyzing predicament of repaying two, three or multiple times the original amount borrowed, with no bankruptcy protection, no cap on fees and penalties and no recourse to the law.

When you borrow money from a bank, the bank charges interest on the sum you borrow, which is a cost you must pay in addition to paying back the original amount you borrowed.

Interest makes your college education cost more than the original amount you borrowed.

Usually, the required payment amount for any obligation is comprised of a portion of interest (the cost of borrowing) and a portion of the principal (the original amount borrowed).

The borrower will be responsible for paying back the principal (original amount borrowed) the fee that is charged for the loan.

In a home equity line of credit, if you repay the interest only during the term of the loan when the term ends you may have to pay the original amount you borrow.

This means part of your payment goes into settling a portion of the original amount you borrowed, while the rest of your payment goes to the monthly interest.

Thus, the judge discharged the interest on their debt, requiring them only to pay back the original amount they borrowed.

For mortgage, auto and student loans, the high amount reporting is always the original amount borrowed.

The principal is the amount in your monthly payment that reduces the original amount borrowed.

Part of your payment goes to repaying the original amount borrowed and part goes to the interest each month.

Amortizing a loan means calculating a fixed monthly payment that will cover interest and repay the principal (the original amount you borrowed) over the course of your loan term.

Your credit score takes into account the amount owed compared to the original amount borrowed.

Repayment of a mortgage loan includes principal — the original amount borrowed to finance the transaction — and interest — the cost of borrowing.

You must also pay back the interest on top of the original amount borrowed.

At the end of the interest - only period, you will still owe the original amount you borrowed.

That's 8.6 % of the original amount borrowed!