Sentences with phrase «payback schedule»

This form of lending is concerning for three main reasons: Like storefront payday lending, auto - title lending carries a triple digit APR, has a short payback schedule, and relies on few underwriting standards; the loans are often for larger amounts than traditional storefront payday loans; and auto - title lending is inherently problematic because borrowers are using the titles to their automobiles as collateral, risking repossession in the case of default.

There is no defined payback schedule, you can pay back some or all the principle at any time.

The payment amount would be exactly the same if you chose to follow the same payback schedule and the same interest rate.

With the new lower interest rate and a consistent payback schedule, you reasonably can expect to be debt - free at the end of your program.

It wouldn't grow my dividend income, but it would seriously accelerate my mortgage payback schedule.

You'll also be required to pay off the loan within 5 years unless you're buying a primary residence (which may qualify for a longer payback schedule).

Her loan payback schedule had her paying $ 1500 a month until she was 50 years old.

Even with low interest rates and a flexible payback schedule, it is still important for the loan to be paid back in a timely manner.

The average payback schedule is 10 to 20 years, so your goal should be how to reduce that schedule down to seven, five or even two years.

Ideally you work with your agent to work out a payback schedule based on the interest rate for the loan.

HELOCs also should not be confused with home - equity loans, in which the lender hands you a lump sum, again with a fixed interest rate and payback schedule that normally runs 10 - 15 years.

The payback schedule is open to your schedule.