Sentences with phrase «payment against the equity»

Most reverse mortgages give you a monthly payment against the equity on your home.

Not exact matches

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

Debt consolidation.If you're struggling with credit card debt, borrowing against your equity can be extremely attractive because of the low interest rates — much lower than any you'll find on a credit card — using a HELOC to pay off other debts will give you an easy single payment at low interest rates.

Backers for the first time get a guarantee against the failure of their projects, get the chance to receive value equity in return for their payments, and get access to a broader range of projects.

You will not receive any payment for such use and waive any right to bring any action in law or equity against the aforementioned parties, their parents and related companies, affiliates, and licensees, and their past, present and future officers, agents, representatives, employees, service providers, successors and assigns for such use.

Are you considering refinancing your home loan to reduce your monthly payment, borrowing against your equity, or simply switching to an adjustable or fixed rate loan?

Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion of their home equity while staying in their home and maintaining the title.4 The loan works by allowing seniors to borrow against the value of their home and defer mortgage payments until after the last remaining occupant has moved out or passed away.

You'll be putting up the equity in your vehicle that you have been paying off on as collateral against the loan you are leveraging, and as long as you maintain the financial discipline you need to continue making payments you won't have anything to worry about.

Unless you absolutely, positively plan on paying it off immediately, putting a car down payment or even a mortgage down payment on a credit card completely goes against the purpose of the down payment, which is to increase your equity in the asset.

Reverse mortgages are loans that allow you to borrow against home equity without being required to pay a monthly mortgage payment.

Money is borrowed against the equity in your home and is distributed through payments sent to the homeowner at regular intervals.

Over the years, your good payment history has resulted in what is known as equity, and this is what you are borrowing against when you take out your home improvement loan.

When you request a home equity loan you are offering the property as security for the loan and missed payments will eventually lead the lender to take legal action against the property guaranteeing the loan.

Following are the things that can effect changes on your scores: • Consistent and constant late payments • Increased or reduced credit limits • Higher credit card balances • Higher HELOC (Home Equity Line of Credit) balance • Closing revolving accounts • Recent credit inquiries made In the same way, any new practice you start in managing your credit takes effect and influence your credit scores within 30 to 60 days; due to the lag time between the action you take against the period it takes the creditor to report the action to the agencies who handle credit reports.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

If you have home equity available, you might consider borrowing against it to help fund your debt settlement payments.

But the borrower must have a considerable down payment to put towards a purchase or equity within existing real estate to borrow against.

Citadel's Interest - Only Home Equity Line of Credit lets you borrow against your home at a lower rate with interest - only payments for 10 years, giving you more flexibility when it comes to repayment.

Whether you want to lower your monthly payment, borrow against the equity in your home to get cash, or both, Stanford FCU is here to help.

A reverse mortgage is a loan against your home that can help you access a portion of your equity to receive tax - free cash without having to make monthly loan payments.

An equity loan provides a single lump sum all at once against which you make set monthly payments.

Two ways to tap into your home equity are: a home equity line of credit (HELOC) or a lump sum loan against which you make monthly payments.

Home Equity Line of Credit If you wish to use your equity like a credit card, you can receive a line of credit against which you can borrow when you need the money and make monthly payments on the baEquity Line of Credit If you wish to use your equity like a credit card, you can receive a line of credit against which you can borrow when you need the money and make monthly payments on the baequity like a credit card, you can receive a line of credit against which you can borrow when you need the money and make monthly payments on the balance.

Instead, the lender makes payments to the borrower against the equity of the home until the property is sold, or the homeowners move or pass away.

This can also be a way for home owners to have lower monthly payments or take out cash against their home equity to support urgent financial needs.

An 80 percent cancellation can be granted if you've made your payments on time, have no other loans against the property (a home equity loan or line can hinder you), and your property value has not declined.

A Home Equity Line of Credit from Heartland Bank allows you to borrow against the equity in your home with the flexibility and ease of using your approved funds up to the limit, making payments against the balance, then using the available funds again as nEquity Line of Credit from Heartland Bank allows you to borrow against the equity in your home with the flexibility and ease of using your approved funds up to the limit, making payments against the balance, then using the available funds again as nequity in your home with the flexibility and ease of using your approved funds up to the limit, making payments against the balance, then using the available funds again as needed.

Refinancing or home equity loans put your home at risk: Borrowing against home equity for debt consolidation increases your risk of foreclosure if you can not make mortgage payments.

A HELOC is a line of credit that is drawn against the existing equity in the property by the homeowner for repairs, or emergencies, and paid back with monthly payments like a credit card.

You can borrow money against the equity you have in your home, although you may lose your home if you default on your payments.

One of the best ways to guard against this is to build up as much home equity as you can as fast as you can, and making biweekly mortgage payments is a good way to do that.

A Home Equity Line of Credit (HELOC) typically has a variable interest rate, which means the rate changes over time, and as long as you make your payments you can borrow against your home's eEquity Line of Credit (HELOC) typically has a variable interest rate, which means the rate changes over time, and as long as you make your payments you can borrow against your home's equityequity.

A reverse mortgage is a loan that enables senior homeowners to borrow against the equity in their home without having to make monthly mortgage payments.

Whether you want to lower your monthly payment, borrow against the equity in your home to get cash or both, we can help.

This will reduce your mortgage payments, insulate you against interest rate hikes, and give you a jump start on building equity.

A reverse mortgage is a loan against your home that can help you access a portion of your equity to receive tax - free cash without having to make monthly loan payments.

With a home equity line, a borrower may draw against any available credit on the line while continuing to make monthly payments during the «draw period.»

Reverse mortgages are loans that allow you to borrow against home equity without being required to pay a monthly mortgage payment.

If the homeowner is not taking out equity, but only reducing the payment, these costs must be offset against those savings.

Of course, when they go to sell the house or refinance the mortgage, the funds taken out of the mortgage to make the monthly payments count as a negative against the equity in the house.

You Can Borrow against Home Equity «Homeowners who don't have the cash to make a down payment on their next home can tap into an existing home equity line of credit or get one before they put their house on the market,» says Malcolm Hollensteiner, director of retail lending products and services for TDEquity «Homeowners who don't have the cash to make a down payment on their next home can tap into an existing home equity line of credit or get one before they put their house on the market,» says Malcolm Hollensteiner, director of retail lending products and services for TDequity line of credit or get one before they put their house on the market,» says Malcolm Hollensteiner, director of retail lending products and services for TD Bank.