Sentences with phrase «principal becomes due»

It is a mortgage in which the entire unpaid principal becomes due and payable on a given date, five, ten, or any number of years in the future.

Not exact matches

the date on which the principal amount of a fixed income security is scheduled to become due and payable, typically along with any final coupon payment.

«Events with severe consequences are becoming more frequent and intense, due to climate change, and have been the principal contributors to an observed increase in the frequency and duration of power outages in the United States,» according to the draft.

the date on which the principal amount of a fixed income security is scheduled to become due and payable, typically along with any final coupon payment.

2 Your HECM loan will accrue interest that together with principal will have to be repaid when the loan becomes due.

The applicant agrees that the principal amount of the note shall become immediately due and payable:

These ARMs, which have become rare since the 2008 housing crisis, allow borrowers to choose one of several monthly payment options: an interest - only payment, a minimum payment that does not pay all the interest due or a fully amortizing payment that includes principal and interest.

If you default on your federal student loan, the entire balance of the loan (principal and interest) becomes immediately due.

During the up - to 54 month $ 100 monthly payment period, the minimum payment may not pay all of the interest due each month during the resident period, likely resulting in your principal balance becoming larger than your original loan amount at the end of your resident period.

The date upon which a loan becomes due and the borrower must repay the lender principal and any final interest.

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

It also may become due and payable if you permanently move to a new principal residence, fail to pay property taxes or homeowner's insurance, or allow the property to deteriorate and fail to correct the problem.

Collaboration has increasingly become an organizing principal of society due to our reliance on interactive technologies that allow, and demand, working together across distinct and distant geographic and temporal zones.

As the climatic empirical evidence kept growing though, it became obvious these models were atrocious at climate prediction, specifically due to their myopic reliance on CO2 as the principal global warming forcing.

«Salinity has been increasing in the coastal aquifer due to sea level rise caused by global climate change, but the people of the coastal region are not aware of the presence of salinity in groundwater as they have become used to salinity,» principal investigator of the study M. Rezaul Hasan told thetheirdpole.net.

What's important is getting a head start before your combined student loan principal and interest become due after the 6 - month mark.

In most instances, there is a provision that whatever balance of principal exists at the end of a set period of time after purchase (three to 10 years is customary), it becomes due and payable.

In other cases, the entire principal balance must be paid when the loan becomes due.

(ii) If the consumer may make regular periodic payments that do not cover all of the interest due, the creditor must provide a statement that, if the consumer chooses a monthly payment option that does not cover all of the interest due, the principal balance may become larger than the original loan amount and the increases in the principal balance lower the consumer's equity in the property.

(i) If the regular periodic payments do not cover all of the interest due, the creditor must provide a statement that the principal balance will increase, such balance will likely become larger than the original loan amount, and increases in such balance lower the consumer's equity in the property.