Sentences with phrase «paid in lump sum payments»

Creditors are not paid on a monthly basis, like with consolidation services, but rather paid in lump sum payments.

Not exact matches

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

Many enter into balloon car loans thinking that they'll see an increase in their income by the time the payment is due, often leaving themselves unable to pay down the lump sum.

By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan.

You can pay in a lump sum or opt into our payment plan.

Single premium PMI allows the homeowner pay the mortgage insurance premium upfront in one lump sum, eliminating the need for a monthly PMI payment.

You purchase the contract for a specific amount of money, either through a lump sum or periodic payments, and in exchange, the insurer agrees to pay you a set amount on a recurring basis.

If you bought a home at the median price of $ 255,990 and wanted to avoid paying private mortgage insurance, you'd need to put down a 20 percent down payment (more than $ 50,000) in one lump sum.

The money in your annuity — which you invest as a lump sum or through a series of payments, depending on the policy you choose — generates a stream of income paid to you for your lifetime.

Receive one lump sum and pay it back in fixed monthly payments.

In 2010, Chief Salzmann received a lump sum buyout payment of $ 3,100 for 37 vacation days although his employment contract only entitled him to convert a maximum of 30 vacation days per year for pay.

Each longer membership becomes less expensive; a 3 - month trial for $ 16.99 / month, 6 - month trial for $ 13.99 / month, and a one - year trial for $ 9.99 / month, all of which can be paid monthly or in a lump sum payment.

For each year of creditable service purchased through the ERI, however, the district has to pay 12 percent of the teacher's salary in a lump - sum payment.

A partial lump - sum payment whereby a portion of the accrued benefit is paid to the participant and the remaining amount is transferred to an eligible retirement plan, as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant; or

Many enter into balloon car loans thinking that they'll see an increase in their income by the time the payment is due, often leaving themselves unable to pay down the lump sum.

Perhaps you expect to receive a future lump sum and want the choice to pay down principal and receive an immediate decrease in payments.

Although you may save the most by paying off the loan in a lump sum, most people decide between — or combine — available options, including increasing the monthly payment, making biweekly payments or making additional, separate principal payments.

That means paying more than your monthly payment — either in a lump sum at a time of your choosing or by paying extra each month.

Years of service buy backs can be paid in a lump sum, with installment payments or by direct trustee - to - trustee rollovers from another eligible retirement plan.

When you and the seller agree to a price, you will need to make a down payment — the lump sum in cash that you can afford to pay at the time of purchase.

By making one large lump sum payment, balloon loans allow borrowers to lower their monthly loan repayment costs in the initial stages of paying back a loan.

This means that the mortgage is paid off in a lump sum all at once, rather than in a series of fixed payments like for other installment loans.

Partial payments are the payments you can pay in a lump sum to reduce your outstanding loan.

A self - managed super fund (SMSF) can pay benefits in the form of a lump sum, an income stream (pension) or a combination of both, provided the payment is allowed under super law and the fund's trust deed.

These types of loans are dispensed by a lender in one lump sum, and then paid back over time in what are usually monthly payments.

Q: My husband is retiring from teaching and will receive a large lump sum payment, but if he doesn't put it into a retirement specific account he'll have to pay about 30 % in tax on this sum.

It may not be possible to pay the entire lump sum back in one payment, we understand that.

A cash - out refinance enables you to pay off your existing mortgage (s) and also to take out some of your home equity in a lump - sum cash payment at closing.

As soon as you file your income taxes and receive your refund from the state or IRS, you pay the tax refund loans back in a single, lump sum payment.

Consider property taxes: If your property taxes are $ 6,000 a year, you can either pay this figure in a lump sum or you can add $ 500 a month into your monthly mortgage payment.

The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

The following features are prohibited from high - fee, high - rates loans: 1) All balloon payments - where the normal payments do not pay off the principal balance in full and a lump sum payment of more than twice the amount of the normal payments is required - for loans with less than 5 yr.

They are usually paid back in a lump sum or over a short payment window (3 months to a year).

This new home loan pays off your current mortgage balance and lets you access the equity in your home in the form of a lump - sum cash payment at closing.

An annuity is financial contract in which an investor pays a lump sum of money to an insurance company in return for a series of future payments.

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

If your parents are helping you pay for school, payment plans also make it easier for them to contribute because they can allocate a certain portion of their monthly budget toward the bill rather than paying tuition fees in a lump sum.

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

When you enter a DMP, your interest rates are dramatically reduced, and all your unsecured payments are paid in a lump sum to the plan provider.

Single premium life offers permanent life insurance that is paid up in a onetime lump sum payment.

Annuities are contractual agreements in which payment (s) are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date.

«She needs to invest all this money in a dividend - paying stock portfolio, similar to the way I suggested for her lump - sum payment for the employer pension,» says Franklin.

Contracts may be structured similarly to residential conforming mortgages, where they pay down to zero, or may also be set up with balloons, requiring the buyer to make a large lump sum payment at some point in time.

A mortgage loan in which one party pays an initial lump sum in order to reduce the borrower's monthly payments.

You can also choose to pay the loan off in one lump sum or even adjust your payment schedule, allowing you flexibility and freedom in your repayment plan.

One by one your debts will get reduced and paid off in one lump - sum payment.

Calculating the PMI in advance can help you decide whether to get a low down payment loan, pay off the PMI in lump - sum or hold off until you've saved 20 percent for a down payment.

However, the borrower is constrained to receiving all of their money in a lump sum payment and therefore pays interest on the entire payment.

Then, usually you make a lump - sum payment to the credit counseling agency who, in turn, pays your credit card bills each month.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.