Sentences with phrase «payments over a shorter period»

Alternatively, you also can choose to accelerate your payments over a shorter period of time, thereby reducing the total amount of interest you will pay.

You can choose to make smaller premium payments throughout the life of the policy, larger payments over a shorter period (known as limited pay whole life), or lower premiums in the beginning and higher premiums afterward.

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.

Then select the repayment schedule that best fits your budget or goals — choose a lower payment over a longer period of time to minimize the impact on your monthly cash flow, or choose a higher payment over a shorter period of time to incur less interest and pay off your loan faster.

Forbes contributor Preston Cooper wrote on November 10 that Trump's plan «may seem like a tradeoff — a higher payment over a shorter period — but on net, it increases the generosity of federal loans.»

You can choose to make smaller premium payments throughout the life of the policy, larger payments over a shorter period (known as limited pay whole life), or lower premiums in the beginning and higher premiums afterward.

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.

People who regularly check their report often see that their ratings keep going up and down over short periods of time — even when their borrowing and payment behaviors remain the same.

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 can afford to make a higher monthly payment over a shorter repayment period, you may find a lower interest rate with a private loan.

Selling real estate by land contract or contract for deed can be an excellent way to turn an unwanted piece of property into a stream of payments over a short or long period of time.

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.

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

I have worked very hard over the past year or so after a short period of some late payments.

But even though the I.R.S. assumes the plan will make monthly payments in retirement, which is why it allows people to save so much over a short period of time, owners shut down most of these plans and roll the money in them to a regular retirement account, said Mr. Goldblatt, whose firm advised Mr. Rogers.

This type of loan will eliminate the high fees on current balances on your credit card accounts and replace the multiple monthly payments with one lower payment over a much shorter period of time.

Typically the only circumstance where a creditor will accept payments over a period is when it makes sense to break the payments up over a short time span.

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).

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.

As you can see from the chart above, choosing a shorter repayment period (resulting in an increased monthly payment) can lead to big savings over the life of your loan.

From my personal experience so far regarding my credit profile, I earlier didn't know how about it was and when I knew I had foreclosures, cleared my student loan, collections, inquires, late payments and even over dues, I felt really bad because then it was late and the result of my bad credit affected my credit score which was about 379 and to get my loan approved I needed 700 and above, I sort for help from big credit repair companies, but they couldn't help me get my score where I wanted to be in the short period I need to get a loan to keep a roof over my child's head, till a lender introduced me to a repair man who has access to this credit companies who got my credit clean and also educated me about how to maintain my credit and maintain a really good score, ELITEREALHACK at GMAIL dot COM) is where ill refer anyone that needs a deadline fix on there credit.

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.

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.

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

It requires only a limited number of premium payments paid over a short period of time.

A short pay allows you to do this by consolidating the premium payments required for a lifetime guarantee over a limited period of time.

The short pay option allows an individual to do this by merging the premium payments that are required for a lifetime guarantee over a reduced period.

Limited payment insurance means that you pay much higher premiums over a shorter period of time so that you don't have to pay any premiums when you are older.

In short, with life insurance, you pay premiums over a given period so that your beneficiaries can receive a lump sum payment upon your passing (find out How to Collect a Life Insurance Payout).