Sentences with phrase «payments over the entire life»

This allows a lender to create a payment schedule with constant payments over the entire life of the loan.

These factors are home value, up to a maximum cap; age; interest rate; and loan type, which include a lump sum, monthly payment over a specified term, monthly payment over your entire life, line of credit, or some combination of these options.

Not exact matches

If you have a fixed rate mortgage, your monthly payment for your principle and interest will stay the same over the life of the loan until your entire loan balance is paid off.

Using the $ 35,000 student loan example: If automatic debit is used during the entire life of a 10 - year loan, reducing the interest rate from 4 percent to 3.75 percent, you could save $ 500 over the life of the loan in interest payments.

And you're right your house is probably the biggest expenditure that you'll ever make in your entire life and therefore your mortgage payments over the life of that are the most money you will ever spend.

Short Pay Guarantee: You can choose a premium payment plan over a number of years, rather than your entire life.

These whole life policies tend to pay the highest rates of dividends, and over time the dividend payment can actually grow large enough to pay the entire premium by itself.

Most permanent life policies require premium payments over the insured person's entire lifetime and do not permit a change in the death benefits, coverage options, terms, or conditions.

Auto insurance consumers who are financially incapable of paying the entire sum of their annual premium in advance of the coverage period are usually obligated to pay for the option of stretching out payments over the course of the life of the policy.