Sentences with phrase «outstanding loan on it»

The benefit is that your loved ones can remain in your home by using the proceeds you're your mortgage life insurance policy to pay off the outstanding loan on your mortgage should you pass away.

Collision insurance will be required if there is an outstanding loan on your vehicle, and many motorists opt for a comprehensive insurance plan to further supplement their coverage.

However, if insufficient dollars go into the policy to sustain the cash value, the policy can lapse... and if there's an outstanding loan on the policy, it will just lapse even faster (when the cash value dips down to the loan balance, as opposed to needing to go all the way to $ 0 to lapse).

Liability auto insurance is available to you if you do not have an outstanding loan on your car.

If you have an outstanding loan on a vehicle, GAP insurance will step in to pay off the remainder of the loan owed after the insurance company has extended you a settlement offer.

You are required to carry collision insurance if you own a vehicle that has an outstanding loan on it.

If you lease your car or have an outstanding loan on it, chances are you have comprehensive coverage.

However, if you own a car with an outstanding loan on it, you will be legally required to include collision insurance in your coverage.

Liability coverage can help reduce the cost of your auto insurance if you do not have an outstanding loan on your auto.

It's financial protection that guarantees the money will be available to pay off the outstanding loan on your home should you die while the insurance coverage is «In Force».

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

Collision car insurance is required on any vehicle that has an outstanding loan on it.

Direct Recognition: Direct recognition means the dividend paid to participating policyholders that have an outstanding loan on life insurance is adjusted or lowered.

I have an outstanding loan on my 401k... I'm about to leave my job and I want to cash out my 401k.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

The reason for 60 days is that this is the deadline to complete an indirect rollover into a new retirement account (if your employer were to cash out your entire balance and hand you a check) and pay back any outstanding loans on your 401 (k)(if not paid, they become taxable income and may even trigger penalties).

As long as the car title is clean and clear (meaning you have no outstanding loans on the car or any tax liens), you are eligible to borrow and receive a quick cash loan.

As long as you own the car outright, meaning you have no outstanding loans on the vehicle or tax liens outstanding, you qualify to borrow against your car's equity.

Indebtedness Policy indebtedness is all outstanding loans on an insurance policy, including any unpaid interest.

Any outstanding loans on your policy will reduce your death benefit accordingly.

Policy indebtedness is all outstanding loans on an insurance policy, including any unpaid interest.

Moreover, the amount is subject to any outstanding loans on the policy, such as an unpaid premium or a policy loan taken earlier against the policy.

Not exact matches

So if you're currently owed # 10,000 in outstanding invoices you could access up to # 9,000 of that instantly in the form of a loan or line of credit, depending on the terms of the agreement.

For federal student loans, regulations stipulate any extra payment goes first to outstanding fees (like late fees), then to interest accrued since your last payment, and then to the principal of the loan, said Betsy Mayotte, director of consumer outreach and compliance for American Student Assistance, a nonprofit focused on higher education financing.

If a friend or relative has co-signed on a debt for you — private student loans, for example, or a car loan or mortgage — they could be on the hook for the amount outstanding if you were to die.

The assets come over unencumbered by outstanding liabilities, so the new debt on these and the accompanying interest payments on this new loan could be a very good fit with the overall financial picture of the post-deal enterprise.

If these houses are ranked upon the amounts of foreign loans outstanding on March 1, 1935, J. P. Morgan with 19.87 per cent, National City Co. with 11.71, Dillon, Read with 11.44, Chase, Harris, Forbes with 8.45, Guaranty Co. with 6.68 per cent, Bancamerica - Blair with 6.18 per cent, and Lee, Higginson with 4.23 per cent all rank above the highest Jewish house, which is Kuhn, Loeb with 2.88 per cent.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan

There is no scheduled amortization under the Asset - Based Revolving Credit Facility; the principal amount of the revolving loans outstanding thereunder will be due and payable in full on May 17, 2016, unless extended, or if earlier, the maturity date of the Senior Secured Term Loan Facility and the Senior Subordinated Notes (subject to certain exceptions).

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

The interest rate on the outstanding borrowings pursuant to the Senior Secured Term Loan Facility was 4.00 % at April 27, 2013.

(g) There are no outstanding loans or indebtedness involving the Company, on the one hand, and any of the Company Stockholders, on the other hand.

At the time outstanding loan balances are forgiven, a borrower is taxed on that amount as income.

The panel is based on credit report data collected by Equifax (one of the three credit bureaus in the United States) and it contains information on all outstanding loans — including mortgages, auto and student loans, and credit card debt — at the individual consumer level.

You are a first - time borrower for interest subsidy purposes if you had no outstanding balance on a Direct or FFEL Program loan on July 1, 2013, or on the date you obtained a Direct Loan after July 1, 2loan on July 1, 2013, or on the date you obtained a Direct Loan after July 1, 2Loan after July 1, 2013.

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.

Student loan forgiveness is the process of having outstanding loan balances canceled after a period of on - time, consistent monthly payments.

Any borrowers on the PAYE program has the option to request forgiveness of outstanding loan balances at the end of 20 years of on - time, consecutive payments.

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).

Make sure to collect the current outstanding balance, interest rate, term, and monthly payment amount on each loan.

Taken as a whole, 5.6 percent of shares outstanding on the S&P 500 retail were on loan to short - sellers by the end of last week.

If interest is capitalized, your total outstanding loan balance will increase, which means more interest will accrue on your loans each day.

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...

Forbearance is similar to deferment in that it temporarily halts payments due on an outstanding federal student loan.

A new borrower is one who did not have an outstanding balance on a Direct Loan or a Federal Family Education Loan (FFEL) as of the date in question.

When a lender receives payments on a loan, the payment is applied first to late charges and collection costs, then to outstanding interest and then to outstanding principal.

This means that in the event that a borrower fails to repay, we would seek to recover the outstanding loan by selling the property and passing the proceeds on to investors.

Those borrowers, who had an average of $ 56,202 in student loan debt outstanding, will realize those savings through interest rate reductions of 1.71 percentage points on average, and shorter loan terms on their new loans (about 5 years on average).

You are a new borrower or had no outstanding balances on a federal student loan when you received the new loan.

These mortgage loans have an outstanding unpaid principal balance of approximately $ 1.8 trillion as of September 30, 2009... While Freddie Mac continues to evaluate the impacts of adoption, the company expects that the adoption could have a significant negative impact on its net worth.»