Sentences with phrase «principal balance»

The fee is calculated on the basis of the remaining outstanding principal balance of the loan prior to applying the current payment.

The entire income tax liability would be immediately recognized when the entire outstanding principal balance of the installment note is paid off and received by you.

After a year, the company has paid off part of the loan, but still has an unpaid principal balance of $ 30,000.

However, this payment is usually less than regular contract payments because of the reduction in interest and possible reduction in principal balance.

It's tough to beat down principal balances when one's money is tied up in debt servicing payments.

This mobile app makes it easy for borrowers to stay on top of their monthly payments, and it lets them keep track of interest and the remaining principal balance on a personal loan.

All the while, the original principal balance remains constant.

The loan servicer will calculate 2 % of the outstanding principal balance as of the graduation date and apply that amount as a principal reduction to your loan.

Enter the current principal balance in the first column under beginning balance.

An option available on certain home equity lines of credit allowing borrowers to fix the payments and interest rate on a portion of their outstanding principal balance for a specific term.

Whether it be reserves for investment properties, income, float, or security deposits, the key is to be paying interest on lower principal balances.

This will increase the total cost of your loans over time, because you will then pay interest on the increased loan principal balance.

These repayment incentives, also referred to as borrower benefits, include interest rate reductions, full or partial origination fee rebates, and principal balance reductions.

In addition, when you sell your home you will be required to pay back any remaining principal balance due on your mortgage loan to your lender.

However, a lower down payment adds extra expenses like mortgage insurance to your monthly payment — and it also means that you're paying off a larger principal balance from the start.

Then the entire principal balance is repaid at maturity.

Previously, borrowers could cancel mortgage insurance after five years if the outstanding principal balance reached 78 percent or lower.

Secondly, graduates who make payments that are lower than their monthly accrued interest will see their loan's principal balance grow over time.

However, a lower down payment adds extra expenses like mortgage insurance to your monthly payment — and it also means that you're paying off a larger principal balance from the start.

What it did was create a high principal balance for the interest to feed on..

A recipient would only receive part of the loan after the origination fee, but he or she would still need to pay the full principal balance along with interest.

A short sale is a property transaction in which the revenue from the sale falls short of the existing principal balance on a mortgage loan.

This means at the end of the 5 or 7 years, the remaining principal balance becomes due.

Debt settlement differs from the first two options in that the actual principal balance you owe is negotiated downward.

The aggregate principal balance of the two portfolios is approximately $ 911 million.

The disclosure further shall indicate whether the maximum principal balance is potential or is scheduled to occur under the terms of the legal obligation.

Enjoy flexible terms, guaranteed returns, and the ability to earn interest without being concerned about losing principal balances on the investment.

Interest amount = outstanding principal balance x number of days since last payment x interest rate factor.

At the end of year two, you'll earn another $ 250, since the simple interest rate earns money on your initial principal balance of $ 5,000.

Simple interest is interest paid on a beginning principal balance only.

Most principal balance negotiations will also start to take place on modifying the loan at this stage, although it can happen sooner.

And, the now larger principal balance starts to accrue interest on a daily basis, so you will be paying interest on the accrued interest.

Label two more columns as interest amount per period and ending principal balance.

The other 119 loans, with an unpaid principal balance of $ 1.1 billion, are secured by seniors housing and healthcare properties.

When they assume your loan, they agree to all loan terms, including your mortgage rate, your repayment period, your payment and current principal balance.

With a lower principal balance, you're charged less interest each time you make a payment.

This will increase the total cost of your loans over time, because you will then pay interest on the increased loan principal balance.

Monthly payment is more important than principal balance for many buyers.

Interest is then charged on that higher principal balance, increasing the overall cost of the loan.

Over time, those consumers who find themselves in over their head with credit card debt have very likely already paid the full principal balance on the amount they've borrowed.

In addition, a fee equal to 0.5 % of the existing principal balance must be paid by either the original owner or the buyer, depending on the agreement.

You may not make a deposit that would bring your total principal balance on any accounts with us to more than $ 1,000,000.