Sentences with phrase «out of the loan proceeds»

The company does charge a 1 - 6 % origination fee, which means if you take out a $ 10,000 loan, you could have as much as $ 600 taken out of the loan proceeds before you ever receive them.

These are assessed upfront and taken out of loan proceeds.

LoanDepot origination fees range from 1 to 5 percent of the original loan amount, and keep in mind that the fee comes out of the loan proceeds.

In short, academic costs relating to enrollment, and related living expenses, are to be paid for out of the loan proceeds unless the loan agreement says differently.

(ii) Under the subheading «Final,» the actual amount of the closing costs that are to be paid out of loan proceeds, if any, stated as a negative number.

The amount of any closing costs to be paid out of loan proceeds, disclosed as a negative number, labeled «Closing Costs Financed (Paid from your Loan Amount)»;

Not exact matches

Proceeds will help refinance the $ 49 billion of loans from 20 lenders that the company took out in December as temporary financing for the acquisition.

To qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceeds.

The proceeds of the loans must be used to pay for the education costs within a «reasonable» period of time after you took out the loan.

Here's the loophole: If you take out a new home equity loan or line of credit and use the money for home improvements, you're converting a home equity debt into an acquisition debt because the proceeds are used to «substantially improve» a qualified residence.

Preparation before the issuance involved developing an appropriate framework, in line with the social bond principles of the International Capital Markets Association (ICMA), which set out the underlying rationale of the bond and explained the methodology used with regard to such aspects as loan selection, the use of proceeds and reporting.

The district will use $ 175,000 of the bond proceeds to restructure a $ 2 million loan taken out in 1992 to renovate a former convent at 3000 Central Rd., which became Park Central, officials said.

When you take out a loan, Self Lender puts the proceeds into a 12 - to 24 - month interest - bearing certificate of deposit (CD).

The company can buy out up to two existing loans, and only requires merchants to net 20 % of the loan proceeds.

If I deposited 100 newly minted coins into a bank and that bank proceeded to loan out 80 of my coins where 80 are deposited into another bank who then proceeds to loan out 60 of the coins, and so on... the production of coins only changed by the initial 100 that I minted - not by the fractional reserve multiple.

The biggest problem with this loan option is the risk of mismanaging the remaining proceeds and running out of cash.

Debt consolidation is the act of taking out a large loan and then using the proceeds from the loan to pay off your other debts.

You repay the bank monthly as agreed out of your own savings or checking account, and receive the loan proceeds once the final payment is made.

The store representative will make sure that you have all of the required documents, before they proceed with filling out any official loan paperwork.

We found that by refinancing the remaining balance today of $ 142,500 and cashing out $ 17,500 for a combined $ 160,000 in new proceeds, we increase the overall interest expense for the new loan to $ 92,300 from $ 89,600, notwithstanding closing costs.

If you choose to go with an online guaranteed approval bad credit loan servicer, you can fill out all of the paperwork for your loan over the Internet and have your bad credit loan proceeds deposited electronically into your bank account.

If QuarterSpot buys out your existing loan, they only require you to net 20 % of the loan proceeds (many lenders require 50 %).

Even if the lender goes out of business, the loan proceeds are still guaranteed.

Beyond that, per the VA Lender's Handbook «Cash to the veteran from loan proceeds is permissible only for certain types of refinancing loans and under very limited circumstances...» For other types of refinancing loans and all acquisition / purchase loans, cash - out is not permissible.

When the loan ends (after the borrower has died, sold the house, or moved out of the property for 12 consecutive months), the reverse equity mortgage is repaid using the proceeds from the sale of the house.

When the loan ends (after the borrower has died, sold the house, or moved out of the property for 12 consecutive months), the reverse mortgage is repaid using the proceeds from the sale of the house.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

To qualify for the lowest rate presented, a borrower will need an excellent credit profile, take the loan out with a qualified co-borrower, use their loan to consolidate existing debt, and authorize the direct payment of that debt to their existing creditors using the loan proceeds.

I happened to be a student at the time, and many of us — including me — in part took out student loans at far lower rates and put the proceeds in a MMF.

The loan can be utilized as a line of credit, or proceeds can be taken out monthly or in a lump sum.

Many lenders won't lend to business owners who have an existing loan, but QuarterSpot will — the company will even buy out up to two outstanding loans while only requiring merchants to net 20 % of the loan proceeds.

Do you think any of the banks who lent to Greece would let you or me take out a large loan and use the proceeds to support a lavish lifestyle?

The proceeds will be used to pre-pay term loans maturing in 2016/17 and while they will not make a significant dent in interest costs (the new notes will pay 3 month Euribor +350 bps, versus the 3 month Euribor +362.5 - 387.5 bps the term notes pay) they do push out the average maturity of the group's debt, thus reducing the risk around the company and giving it enhanced financial flexibility.

Because of a federal law known as the Higher Education Opportunity Act, designed to protect students who take out private education loans to pay for college expenses, Prosper loan proceeds are not eligible for this purpose.

Am I earning interest when I take out a «loan» for $ 1007.90, with a «rebate» of $ 20.16, then use the proceeds to pay off my loan during its 20 - 50 day grace period?

Significant matters / transactions include: Advised Xstrata South Africa (Proprietary) Limited on its offer to purchase Lonmin plc's entire issued share capital, # 5 billion Advised Telkom SA Limited on its unbundling of a 35 % stake in Vodacom Group (Proprietary) Limited, R35 billion Advised Edgars Consolidated Stores Limited on its acquisition by Bain Capital, R25, 5 billion Advised The Standard Bank of South Africa Limited and FirstRand Bank Limited (acting through its Rand Merchant Bank division) on the introduction of BEE equity participation in Sasol Limited and their arranging financing therefore, R25, 4 billion Advised FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Nedbank Limited (acting through its Nedbank Capital division) as lenders to Richards Bay Titanium (Proprietary) Limited and Richards Bay Mining (Proprietary) Limited, R19 billion Advised Citibank N.A. on a bridge loan granted to Turquoise Moon Trading 427 (Proprietary) Limited by Citibank N.A. and JP Morgan Chase, R10 billion Advised British American Tobacco plc on its secondary listing on the JSE, R550 billion Advised Pioneer Foods Limited on its listing on the JSE Securities Exchange, R6 billion Advised the South African National Roads Agency Limited in respect of the Gauteng Freeway Improvement Project involving the construction and upgrade of the Gauteng freeway and the procurement of an open road tolling system, R44 billion Advised Absa Bank Limited (acting though its Absa Capital division), FirstRand Bank Limited (acting through its Rand Merchant Bank division) and Vunani Capital (as co-lead arrangers) and the South Africa National Roads Agency Limited (as issuer) on the establishment of its South African Guaranteed Domestic Medium Term Note Programme and the subsequent issue of notes thereunder, R32 billion Advised Shoprite Checkers (Proprietary) Limited on the proposed Brait Private Equity private equity buy - out (this did not proceed), R12 billion Advised Reclamation Holdings (Proprietary) Limited and various shareholders on the acquisition by Capitalworks Private Equity SP GP (Proprietary) Limited and Old Mutual Life Assurance Company South Africa Limited of a 20 % equity stake in Reclamation Holdings (Proprietary) Limited from various shareholders, R511 million Clients include: Multinationals, listed companies, financial institutions, entrepreneurs and Government

And, because the proceeds of burial insurance are typically paid out directly to the decedent's survivors, the loved ones can not just pay the cost of the funeral, but also other potential debts that the decedent may have had, such as uninsured medical costs, hospice expenses, or even items like credit card debt or personal loans.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

However, it is important to note that any unpaid loan balance at the time of the insured's passing will be charged against some death benefit proceeds that are paid out to the beneficiary.

It is important to note here, though, that even though a life insurance policy loan is not required to be repaid, if the insured dies while there is still a balance outstanding, the amount of this balance — plus interest — will be subtracted from the total amount of death benefit proceeds that are paid out to the beneficiary.

The fact that Charlie had to use the $ 200,000 of proceeds to repay the loan doesn't change the fact that he got $ 200,000 out of the policy, even if it didn't come to him personally.

The death benefit is paid out tax - free — simply by virtue of being a life insurance death benefit — and the tax - free proceeds are then used to pay off the (personal) loan, with the remaining proceeds paid out to the beneficiary.

It may be a good time to take out business loans to invest in the growth of your business while interest rates are low, but it is best to proceed with caution while the market is still recovering.

With Seller Financed offers, I would attach a letter explaining the gross proceeds they'd receive over the life of their loan (adding the total interest to the original purchase price) and remind them of the tax benefits of spreading out the income.

Because Montegra underwrites asset - based loans that are secured by the collateral property, it is possible for borrowers to «cash out» the equity in a property (regardless of whether it is vacant or developed) and put those proceeds toward another purpose besides the improvement of that property.

You also are charged MIP on an annual basis — equal to 0.5 percent of the outstanding loan balance — however this fee doesn't come out of your available loan proceeds.

You also are charged MIP on an annual basis — 0.5 percent of the outstanding loan balance — however this fee doesn't come out of your available loan proceeds.

It does not have to be paid out of your available loan proceeds either, but instead accrues, at a compounded rate, through the life of the loan until repayment occurs at the end

Interest is not paid out of your available loan proceeds, but instead compounds over the life of the loan until repayment occurs.

When you are ready to sell, you pay back the loan and accumulated interest out of the sales proceeds, but you can never owe more than the market value of the home at that time.