Sentences with phrase «payment as a line of credit»

Unless the borrower has a need for a large sum of money upfront, it is recommended that they configure their loan payment as a line of credit or as monthly payments.

Unless you need for a large sum of money upfront, it is recommended that you configure your loan payment as a line of credit or as monthly payments instead of a lump sum.

Unless the borrower has a need for a large sum of money upfront, it is recommended that they configure their loan payment as a line of credit or as monthly payments.

Unless you need for a large sum of money upfront, it is recommended that you configure your loan payment as a line of credit or as monthly payments instead of a lump sum.

Not exact matches

Reports also include important information such as the number of open lines, maximum credit, judgments, and payment trends.

There was also the time one of our investors cut our credit line in half, unexpectedly, right as we made a huge payment.

If you find anything that's out of line — say, an unauthorized account or late payment reported in error — reach out to the creditor and credit bureau as soon as possible to start the process of getting it fixed.

Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset - based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.

Using a line of credit allows you to build a positive business credit history as you use the line and make the payments on time.

How each company calculates it remains a trade secret, but most consider your payment history, available lines of credit, the types of credit you have, credit inquiries you've made and the years you've had ongoing credit as part of the total number.

There should also be a gradual shift towards raising the basic state pension in line with earnings, and, while he would maintain the pensioner's credit, he would freeze the maximum level of payments to limit means - testing as much as possible.

On June 15, 2010 the Board of Education authorized a line of credit to cover temporary cash flow fluctuations in FY 2011, such as delayed payments from the State of Illinois.

Use a home equity line of credit or balance transfer checks to try and consolidate as much high - interest rate debt as possible into a single low interest rate and monthly payment.

As most investors know, bonds pay coupons (typically semiannually), which are often likened to the interest payments of loans or lines of credits.

As counterintuitive as this sounds, financial institutions prefer to see reliable patterns of expenditures and payments before increasing a credit linAs counterintuitive as this sounds, financial institutions prefer to see reliable patterns of expenditures and payments before increasing a credit linas this sounds, financial institutions prefer to see reliable patterns of expenditures and payments before increasing a credit line.

Home equity lines of credit also carry relatively low interest rates, but your home serves as collateral and could be lost if you fail to make payments.

Balloon payment: A personal line of credit may require payment of the entire balance at the end of the term, otherwise known as a balloon payment.

Including insurance as part of your overall financial plan and choosing from a range of solutions for your CIBC Mortgage Loan, Personal Line of Credit, Credit Card or Personal Loan can help you and your family cover your loan payments in the event of disability, job loss *, critical illness ** or in the event of death.

Then, as the borrower needs funds — say a few thousand dollars, or a portion of the credit line — he can draw on the credit line and select a payment plan and a loan term carrying a fixed interest rate for the loan's duration (12 to 60 months).

For example, financial planner and Texas Tech associate professor John Salter demonstrated how different claiming strategies, such as filing and suspending and filing a restricted application, that can significantly boost the amount of inflation - adjusted Social Security payments over a lifetime and how a reverse mortgage might be used as a back - up line of credit that can be drawn on during prolonged market downturns to reduce the chance of running out of money.

If you miss a payment on one or more of your credit lines, lenders will see you as a risky prospect.

Borrowers may choose how they wish to receive proceeds from a reverse mortgage: as a lump sum, in periodic payments, as a line of credit, or a combination of these options.

For each item included in the «Notes Payable to Banks and Others» line of the Liabilities section — credit card debt, personal loans and lines of credit, cash advances, student loans, car loans, payday loans, etc. — enter the name and address of the creditor, lender, or noteholder, as well as the original balance — $ 0 for credit cards — current balance, payment amount — you can enter «varies» for credit cards — payment frequency, and if applicable, how the loan is secured (i.e., what is being used as collateral).

Payments can be given all at once in a lump sum, as a regular monthly term payment or through a line of credit at times and in amounts that you choose.

Your monthly minimum payment on your personal line of credit may be a fixed amount, such as $ 30, or a percentage of the owed balance, plus fees, interest, and other charges.

As long as the cardholder makes at least the minimum payment, the line of credit remains availablAs long as the cardholder makes at least the minimum payment, the line of credit remains availablas the cardholder makes at least the minimum payment, the line of credit remains available.

Borrowers can choose a combination such as a monthly payment with a line of credit, or a partial lump sum with a monthly payment.

Lines of credit on the other hand, are open accounts where you can withdraw the amount you need, when you need it and repay it as you can, provided that you return every month a minimum payment that usually consists on the interest for the money that you withdrew.

If you choose to go with a fixed interest rate, you must take out a lump sum, whereas if you choose to go with a variable interest rate, you have the option of receiving payouts as a lump sum, line of credit, monthly payments, or a combination of all three.

Or should we use our $ 30,000 cash as a down payment, get a mortgage for $ 45,000 and use a combination of our TFSA money and line of credit for the renovations?

Or should we use our $ 30,000 cash as a down payment, get a mortgage right away for $ 45,000 and use a combination of TFSAs and line of credit for renovations?

Delinquent: If you fail to meet the minimum payment on a line of credit by the due date, then it will be marked as delinquent.

As long as you continue to make on - time and complete payments, you will remain in good standing and be able to continue using your line of credit accounAs long as you continue to make on - time and complete payments, you will remain in good standing and be able to continue using your line of credit accounas you continue to make on - time and complete payments, you will remain in good standing and be able to continue using your line of credit account.

Once a home equity line of credit is applied for and approved, the homeowner works with the specific lender to service the HELOC and make payments as agreed.

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

It is important to treat your secured credit line just as if it were an unsecured line of credit, even though your money is guaranteeing payment to the lender.

Lines of credit are not generally not collateralized — although collateralized credit lines offer lower interest rates — and there is no set term to repay the borrowed amount, as long as you make the minimum payments each mLines of credit are not generally not collateralized — although collateralized credit lines offer lower interest rates — and there is no set term to repay the borrowed amount, as long as you make the minimum payments each mlines offer lower interest rates — and there is no set term to repay the borrowed amount, as long as you make the minimum payments each month.

The Federal Truth in Lending Act (TILA) requires lenders to divulge the terms and costs of the loan, such as the APR, payment terms, and any line of credit charges.

A reverse mortgage gives borrowers access to that equity as a line of credit, monthly disbursement, lump sum payment, or some combination of the three.

Flexible disbursement options — Loan proceeds can be collected as a lump sum (fixed - rate only), a line of credit to be drawn upon as needed2, a monthly payment for a set period of time or as long as you live in the home, or a combination of these options.

As you make your monthly payments the line of credit increases again, and you can continue to use X amount of dollars and pay it back.

A reverse mortgage gives borrowers access to that equity, either as a line of credit, monthly disbursement, lump sum payment, or some combination of the three.

A reverse mortgage allows you to access your home equity, as either a line of credit, monthly disbursement, lump sum payment, or some combination of the three.

Many of these bottom - tier cards charge significant monthly «insurance» fees that can be as expensive as 20 percent of the total line of credit in addition to sign - up fees and monthly payments.

A reverse mortgage offers borrowers access to that equity, either as a line of credit, monthly disbursement, lump sum payment, or a mixture of all three.

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.

The better your standing with the company, the more they might be willing to negotiate on such things as a credit line increase, a change of due dates, waiving a late charge or lowering a minimum payment.

Your credit report will display information such as your address, employer, and financial accounts (credit cards, loans, mortgages, or other lines of credit), your payment history, items such as bankruptcies or other matters of public record, and more.

All monthly payment obligations of the borrowers, such as loans, credit card balances, line of credit, child support payments (not including mortgage loan payments).

The payment can be set up as a line of credit or monthly payments.