Sentences with phrase «payments over a short term»

Some borrowers want to pay off their loans as fast as possible, which tends to be done through higher monthly payments over shorter terms.

Even better, they allowed her to make these payments over a short term of 6 months.

Not exact matches

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

While cutting the repayment term in half significantly raises monthly payments, a shorter loan will save you over half the final cost of interest on a 30 - year mortgage for the same loan amount.

The shorter - term loan will likely have a higher periodic payment, but the overall interest cost of the loan could be less, while the longer - term loan will probably have a lower payment but include a higher total cost of financing over the course of the loan.

Although choosing a shorter loan term may lower the amount of interest paid over the life of your new loan, it may not lower your monthly payment amount as much as a new 30 - year term loan might.

Namely, because mortgage repayment gets spread over a larger number of years, each payment is smaller as compared to the payment with a shorter - term loan.

The purpose of this post is to point out that while the payment of interest on bank reserves is now the Fed's primary tool for implementing rate hikes, there are two other tools that the Fed will use over the years ahead in its efforts to manipulate short - term US interest rates and distort the economy.

Refinancing at a shorter repayment term may increase your mortgage payment, but may lower the total interest paid over the life of the loan.

Such deferred payment deals simply have the whiff of an over cautious short - term approach about them.

With a 30 - year loan, your monthly payment will be lower than a shorter - term loan, but the amount of money you pay in interest over that time will be more.

The shorter loan term will save borrowers thousands and thousands off interest payments over the life of the loan.

A balloon is a short - term loan that is amortized over a long period of time to get the borrower a low payment.

If you refinance for a shorter term, you might end up with higher monthly payments in order to pay less in interest over the life of the loan.

Companies that consistently make dividend payments provide highly predictable short - term returns, while capital gains are less predictable, except over the longer - term.

While cutting the repayment term in half significantly raises monthly payments, a shorter loan will save you over half the final cost of interest on a 30 - year mortgage for the same loan amount.

As a general rule, a short - term loan will have a higher periodic payment, but a lower total interest cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest over a longer period of time.

They have applied the crowdfunding model to commercial lending that helps small businesses get over the cash flow gap that comes with selling products on short - term payment plans to customers.

The same is true with student loans, so lowering that monthly payment may feel wonderful for your pocket book in the short term, however over many years you may find your savings are dwindling more than if you had paid off those loans sooner.

Monthly payments are often lower than short term because the interest rates are spread out over a 30 year period.

Namely, because mortgage repayment gets spread over a larger number of years, each payment is smaller as compared to the payment with a shorter - term loan.

Study participants were asked five questions covering aspects of economics and finance encountered in everyday life, such as compound interest, inflation, principles relating to risk and diversification, the relationship between bond prices and interest rates, and the impact that a shorter term can have on total interest payments over the life of a mortgage.

If you've built up a lot of home equity over the years, a mortgage with a shorter term may not result in a big jump in monthly payments.

Shorter terms typically mean higher monthly payments, but they can cost you much less over the life of the mortgage.

Shorter terms generally result in higher monthly payments, even when the interest rate is reduced, but will result in less interest paid over the life of the loan.

A good conversation with a licensed, experienced, professional Loan Officer over your long - term, short - term, payment and equity objectives, is the only way to determine what is best interest rate for you and your situation.

A shorter term personal loan may have larger monthly payments, but you may pay off the loan more quickly and ultimately pay less in interest over the life of the loan.

Get access to more benefits than your everyday short - term loan with time to pay back your loan over several payments.

Our small personal loans are locked in over shorter terms, and payments are auto - deducted from your checking account, which lowers the odds of missing a payment or defaulting.

If you can afford the higher payments of a shorter loan term, you will save significantly on interest over the life of the loan.

If you receive a year end bonus, gift or a substantial refund from a Registered Retirement Savings Plan (RRSP) making an additional mortgage payment with this money can be an effective method of reducing your mortgage over both the short & long - term.

Choose a term length that fits your budget, with lower monthly payments over a longer period of time or higher payments over a shorter period of time.

But here's the paradox: the lower monthly payment with leasing can actually be more expensive in the long run, even though it's easier on your cash flow over the short term.

In most cases, the shorter the loan term, the lower the interest rate (but the higher the payment since the loan is being amortized over a shorter period of time).

If you can roll over some of that high interest rate debt to low / 0 % rate cards, you can lower your payments dramatically for the short term and start making extra payments to principal.

A short - term repayment plan for purposes of § 1024.41 (c)(2)(iii) allows for the repayment of no more than three months of past due payments and allows a borrower to repay the arrearage over a period lasting no more than six months.

A shorter term means a larger monthly payment but a lower interest rate, resulting in less paid over the life of the loan.

Debit attempt cutoff: The rule also includes a debit attempt cutoff that applies to short - term loans, balloon - payment loans, and longer - term loans with an annual percentage rate over 36 percent that includes authorization for the lender to access the borrower's checking or prepaid account.

Furthermore, unlike installment loans that are repaid via multiple payments over the course of the loan, short - term cash advance loans are typically repaid as a single lump - sum payment that includes both the principal plus any and all applicable financing fees.

Short - term fixed loans, such as 15 - year loans, typically have lower interest rates than 30 - year loans, but higher payments, as the amount is spread out over fewer years.

When you refinance a loan, you have an opportunity to potentially get a better interest rate, meaning that you can end up paying less over time, or simply reduce your monthly payments to make them more affordable in the short term.

The key questions are — how long do you plan to stay in the home, when do you want to pay off the mortgage or sell the property, what will your income look like in the next 3, 5 — 10 years — do you need better cash flow with lower payments or a workable repayment plan to pay off the mortgage sooner — knowing the borrower's short and long term plans and financial goals is necessary to make the best options avilable — the numbers of actual cost and benefits are the answer — show the total costs of principal and interest over 5 year periods and the total for keeping the loan for the full term, these are the real costs and savings for the borrower.

Alternatively, borrowers who are comfortable with their current payment amount — or could afford to contribute a little more each month — may want to consider shortening their loan term, as shorter loan terms may generate lower interest rates, thereby resulting in greater interest savings over the life of the loan.

If you are offered a better interest rate or lower monthly payments or both, you could save hundreds or thousands of dollars over the life of the loan — a great trade for the mild and short - term credit score damage.

They can also choose to maximize total savings by refinancing into a loan with a shorter repayment term, or shrink their monthly payment by choosing a loan that stretches their payments out over a longer period of time.

Will consider: Long term lets (over 1 month) Short - breaks (minimum 3 nights) We can accept payments by cheque or bank transfer in GBP or euros Welcome Pack can be supplied at a cost of 10 (bread, milk, juice, 6 eggs, frankfurters, tea bags etc) Please note that for arrivals on a Saturday night there are no shops open on a Sunday.

When your short - term disability payment period is over, you can claim long - term disability benefits.

The biggest advantage of this form of coverage is that it has a remarkable level of flexibility when it comes to how payments are paid, the costs of the premiums over time, and the short - term interest rates can be reset each year.

How do I handle requests for such references?Thank you so much for your help!CherylCHERYL M. EARLE3407 Old Dobbin Road, Montgomery, Alabama 36116 - 1903Home Phone: [phone] Cell Phone: [phone] Fax: [phone] E-mail: [email protected] position managing legal discovery and document review with opportunity to assist attorneys with civil litigationBAR ADMISSIONAlabama State Bar, 1999LAW - RELATED EXPERIENCELaw Firm, AlabamaResearch Attorney for Special Projects, Mass Torts Department, November 2001 — February 2008 • Managed Multi-District Litigation (MDL) Document Depository (September 2002 to February 2008) o Reviewed more than 1 million pages of evidentiary documents for litigation purposes and for inclusion in electronic databaseso Coordinated document review assignments with attorneys at local depository and at other sites across the USo Retrieved, reviewed and coded documents in Concordance and Summation legal databaseso Prepared memoranda and spreadsheets providing detailed analysis of discovery materials • Aided attorneys and support staff with processing and preparation of personal injury claims and litigationo Conducted legal research and drafted pleadingso Conducted supplementary online research for additional documents and information pertinent to litigationo Assisted with preparation of correspondence to clients and referring attorneyso Contacted clients for additional information needed in case preparation, litigation, and potential settlementso Prepared and input case intakes and referrals into databaseLaw School, AlabamaStudent Intern, Alabama Disabilities Advocacy Program (ADAP), August 1996 — June 1997 • Participated in law school clinical program under third - year law student practice rule (as authorized by Alabama Supreme Court) o Assisted attorneys and advocates in cases involving mentally ill patients confined to state mental health facilitieso Interviewed clients in person (at state facilities) and over the phoneo Worked with clients, attorneys, and social workers to investigate and resolve issues concerning involuntary confinement and treatmento Aided in legal research on an appellate brief submitted to the U. S. Court of Appeals for the Eleventh Circuit (ruling granted in favor of our client) Faculty Research Assistant for Library Services, Bounds Law Library, March 1996 — June 1997 • Prepared research and teaching materials for law school faculty; worked 20 hours per week while matriculating 10 - 15 hours per semester) o Investigated copyright issues related to procuring and reproducing texts for academic useo Conducted legal research using WESTLAW, LEXIS and the InternetADDITIONAL RELEVANT EXPERIENCEManufacturing Company (MC), Montgomery, AlabamaAdministrative Assistant and Cost Analyst, Materials Purchasing Department, April 1999 — September 2001 • Assisted materials buyers in negotiating and preparing commodities contracts between raw materials suppliers and MC for manufacturing plants in the US and Mexicoo Assisted Legal Department at MC's corporate headquarters with coordination and preparation of documents for litigationo Notified and educated suppliers about MC's freight - on - board policy and its corresponding Uniform Commercial Code (UCC) provisions; result was the reduction of freight claims for both the company and its supplierso Prepared contracts and purchase orders for raw materials and capital projects involving plant maintenanceo Solicited price quotations from current vendors and established Excel spreadsheet format which simplified quote submission process and allowed MC to track and compare usage volumes and costs over timeo Prepared and analyzed cost reports used by materials buyers and production planners in purchasing decisions, including cost reductions, materials consolidation, and selection of vendorso Acted as liaison between vendors and the Purchasing, Transportation and Accounting Departments on issues concerning inbound freight, commercial carriers, and payment terms for commodities, resulting in reductions in freight costs and greater payment discounts for raw materialso Established online databases and printed directories for the Purchasing Department, allowing buyers to have easier and faster access to current vendor informationo Completed Year 2000 (Y2K) compliance project, which involved data collection and communication with MC's past, present, and potential materials suppliers and service providersNot - For - Profit Organization, AlabamaAdministrative Assistant, Combined Federal Campaign, September 1998 — January 1999 • Aided Campaign Director with 1998 Federal Campaigns (CFCs) in City 1 and City 2, which together generated nearly $ 700,000 for more than 1,000 local, national and international charitieso Prepared weekly reports on donations using WordPerfect, Microsoft Word, Excel and dBase IVo Wrote script for Talent Showcase at City 1's 1998 CFC Kickoffo Assisted Director with merger of the City 1 and City 2 CFCs in 1999Regional Bank, AlabamaAdministrative Assistant, Year 2000 (Y2K) Department, March — June 1998 • Worked with Vice President of Corporate Projects on short - term project for the bank's Y2K Departmento Analyzed and processed data on Y2K readiness for all branches of Bank throughout the southeastern USo Organized meetings for personnel of Banko Communicated with vendors of computer hardware, software, and office equipment to request information on Y2K complianceo Prepared compliance files for Federal Reserve auditso Prepared in - house memoranda and reports using Microsoft Word and ExcelRecord / Music Promotion Company, AlabamaRecord Pool Co-Founder; Office Manager, September 1990 — December 1991 • Co-founded record pool to enhance promotion of music in Alabama and the southeastern USo Procured and distributed records from major and independent labels for club, radio and mobile disc jockeyso Coordinated jointly sponsored promotional events with record companies, radio stations and clubso Designed, wrote, and published bi-weekly reports and brochures to inform the music industry of the progress and popularity of music and performers in the region, with specific focus on the Alabama music sceneMajor University, AlabamaGraduate Research Assistant, AUM Department of Marketing, June 1989 — August 1990 • Worked 13 - 20 hours per week as a research assistant to Marketing faculty while carrying a full course load in the MBA programo Analyzed consumer surveys used in academic researcho Assisted Conference Chairperson with coordination for Atlantic Marketing Association (AMA) annual meeting (October 1989) o Co-authored five - year index and classification of AMA Proceedings (published Fall 1991) EDUCATIONLaw School, AlabamaJuris Doctor (JD), 1997 • Scholarshipso Seybourn H. Lynne Scholarship, 1996 - 97o Dexter C. Hobbs Memorial Scholarship, 1995 - 96o E. W. Godbey Memorial Scholarship, 1994 - 95 • Honorso Who's Who Among American Law School Students, 1996 - 94o Arthur Davis Shores Award, 1997 • Activitieso Frederick Douglass Moot Court Team Manager, 1996 - 97 Southern Regional Competition, Second Place National Competition, Eighth Placeo John A. Campbell Moot Court Competition, Spring 1996o Black Law Students Association Delegate, BLSA National Convention, 1997 Co-Chairperson, Public Relations Committee, 1996 - 97 Chairperson, Public Relations Committee, 1995 - 96 BLSA President's Award, 1996 and 1997o American Bar Association, 1996 - 97 Entertainment and Sports Industries Forum Intellectual Property Section Law Student Divisiono LAWS Student Group Leader, 1995 - 96Major University, AlabamaMaster of Business Administration (MBA), 1990Bachelor of Science in Business Administration (B.S.B.A.), 1988 (Major: Marketing — Advertising and Promotion Track) • Honorso Dean's List • Activitieso National Student Advertising Competition Team, 1988 - 90 Seventh District Competition: Third Place, 1990o Marketing Club, 1987 - 90 Vice President — Career Development, 1988 - 89o Public Relations / Advertising (PR / AD) Club, 1988 - 90 Charter Member, 1988 Active in fund - raising and membership driveso Theater Guild, 1988 - 90 Screening Committee, 1989REFERENCESAvailable upon request

If you don't start with the right market and neighborhood, over time you will experience more tenant turnover, shorter lease terms, increased late payments / defaults, and decreased or negative appreciation.