Sentences with phrase «principal loan balance»

The original owner or new owner must pay a funding fee of 0.5 percent of the existing principal loan balance.

When this happens, more interest may accrue each month, as your interest rate will now apply to a higher principal loan balance.

The original owner or new owner must pay a funding fee of 0.5 percent of the existing principal loan balance.

Los Angeles - based Thorofare Capital has recently financed the acquisition of three cross-defaulted, cross-collateralized notes, with a current unpaid principal loan balance of approximately $ 9,545,500, secured by three multifamily properties located in Fort Worth and Arlington, Texas.

The original owner or new owner must pay a funding fee of 0.5 percent of the existing principal loan balance.

How much you pay each month on your student loans depends on a variety of factors, including your principal loan balance, interest rate, and the repayment plan you're on.

This means that each loan payment you make covers a portion of interest on the loan along with a portion of the principal loan balance.

Your student loan monthly payment is determined by a number of factors, such as your principal loan balance, interest rate, and your repayment plan.

There is no upfront cost to this type of PMI, and no waiting period to cancel it via a refinance or lump - sum payment to your principal loan balance.

However, you will be responsible for paying interest — monthly or capitalized back into your principal loan balance.

That extra mortgage payment is applied directly to your principal loan balance, which helps speed repayment and cut interest costs.

As the years go on, you slowly begin to pay more toward the principal loan balance.

When your home is done remaining escrow funds can be applied either to the principal loan balance or used to pay for additional home improvements.

For this borrower, mortgage payment No. 176 represents the first time they're paying more toward their principal loan balance than interest.

Some VA homeowners choose to cut down on the interest they repay by making additional payments each month or year toward their principal loan balance.

Meanwhile, the annual insurance premiums for FHA borrowers is around.5 % of the principal loan balance.

The monthly payment is 2.7778 % of the principal loan balance outstanding at the end of the last monthly statement period, plus the finance charge and any late charges that are due.

For accounts opened before March 1, 2009, the monthly payment will be 2.7778 % on credit limits up to $ 4,999.99 and 2.0833 % on credit limits of $ 5,000 and over of the principal loan balance outstanding at the end of the last monthly statement period, plus the finance charge and any late charges that are due.

Please note that interest still accrues (accumulates) during the forbearance period, but the accrued interest will not be capitalized (added to the principal loan balance) when the forbearance ends.

However, you will be responsible for paying interest — monthly or capitalized back into your principal loan balance.

For example, if your principal loan balance is $ 10,000 and your interest rate is 10 % (and you make no payments), then your loan will accrue $ 1,000 (= $ 10,000 x 0.10) in interest in one year.

And if the lender capitalized (increased the principal loan balance) for unpaid accrued interest, you calculate the portion that's deductible each year in the same way as the origination fee.

Your home equity grows over a period of time and by decreasing your principal loan balance, you are in a good position to negotiate.

SunTrust also offers a 1 % reduction on your principal loan balance if you graduate with (at minimum) a Bachelor's degree.

Lenders who sell their student loans to NELNET typically offer repayment incentives that include a 1 % reduction in origination fee, a 3.33 % reduction of the principal loan balance after making 30 consecutive on - time monthly payments, and a 0.25 % interest rate reduction for automatic direct debit of monthly payments.

Paying the minimum payment during the interest - only period will not reduce the principal loan balance.

When, for whatever reason, you leave the property as its primary resident or sell the property, the principal loan balance plus deferred interest will need to be repaid.

When you enter repayment, that interest will be added to your principal loan balance, meaning you will end up paying interest on that interest.

Variable payments equal 0.17 % of the principal loan balance at the end of the last monthly statement period plus interest, insurance, and applicable fees OR $ 100, whichever is greater.

Otherwise, you might end up paying $ 1,000 s in interest and never see a reduction in the principal loan balance.

If you are removed from the plan because you failed to re-certify or left the plan voluntarily, it's possible that any unpaid interest will get added to your principal loan balance.

Your student loan monthly payment is determined by a number of factors, such as your principal loan balance, interest rate, and your repayment plan.

This means that each loan payment you make covers a portion of interest on the loan along with a portion of the principal loan balance.

Deferred Interest — the amount of interest added to the principal loan balance when a borrower pays less than the interest - only note rate (see: option arms).

Over the next 20 years, the principal loan balance would be paid down to $ 58,647.