Sentences with phrase «original amount of the loan»

But the original sense of the word usury is any return taken on a loan which exceeds the original amount of the loan (the «principal»).

Interest that is capitalized and, therefore, added to the original amount of the loan subsequently accrues interest, adding an additional expense to the loan.

If payments are stretched out over many years, you could end up paying far more than the original amount of the loan.

Installment — have paid down on average 35 % of the original amount of the loan, in addition the average they usually owe less than $ 1200 on their non-mortgage accounts

In the case of accidental death, an additional benefit payment goes to the beneficiary; the amount of the benefit is the full amount of the policy (original amount of the loan).

By accessing this database, you will find information about the types of loans you have, the original amount of the loan, the current balance, the holder or servicer of the loan, and the current status of the loan.

It is the original amount of the loan as detailed in the loan contract, which excludes all interest payments and fees.

The face value of a loan refers to the principal of the loan, which is the original amount of the loan as detailed in the loan contract.

Be careful how you structure your refinancing, however; the deduction applies to refinances up to the original amount of the loan, but not to any extra finances you may have obtained with the new loan.

At the end of each year (if the interest is compounded yearly) the interest charged is then added to the original amount of the loan and recalculated.

The home buyer ends up owing more than the original amount of the loan.

Credit data includes the names of your creditors, type and number of each account, when each account was opened, your payment history for the previous 24 - 36 months, your credit limit or the original amount of a loan, and your current balance.

Principal The original amount of a loan, before interest.

Here, as the name implies, the lender is paid back in installments, with the total debt equaling the original amount of the loan plus interest.