Sentences with phrase «rather than a standard loan»

You'll be eligible for a lower monthly payment on your student loan because your payment will be based on income, rather than a standard loan amortization schedule.

Not exact matches

Because the main difference between the two groups is their access to different loan policies, any differences in default rates are likely due to tighter bankruptcy standards and wage garnishment policies rather than other factors, like changes in borrower profiles or the economic environment.

The new rules say that if a lender approves a mortgage loan that doesn't meet QM standards, then the lender will have to keep that loan in - house rather than sell it to Fannie Mae or Freddie Mac.

Generally, if you itemize deductions rather than take the standard deduction, the interest is deductible on a home equity line of credit or fixed rate home equity loan of up to $ 100,000, or $ 50,000 for married couples filing separately.

They base their loan approval decisions on their own set of criteria rather than the standard credit score determined by the three major credit bureaus.

There are several reasons why a borrower might choose to use an SBA 504 loan rather than a standard commercial real estate loan.

There are a couple reasons you might opt for a HELOC debt - consolidation loan rather than a standard home equity loan.

Given the anemic small business loan demand as well as continued strict underwriting standards from issuers, issuer focus continues to be on driving small business spending rather than outstandings.

Given the additional fees and restrictions, you can benefit by getting a standard mortgage rather than a jumbo loan.

Consolidation should be considered if you are looking to pay off your student loans even faster and on your own terms rather than a standard payment plan over ten years.

And as with interest that you pay over the course of the loan, the amount you pay in points is generally tax - deductible (this assumes that it still makes financial sense for you to itemize your deductions rather than take the new higher standard deduction).

If you are a commissioned salesperson who gets a quarterly bonus, you could use your quarterly bonus to repay your home equity line of credit, rather than waiting until the end of the term of a standard home equity loan to pay it off.

Many taxpayers take the standard deduction rather than itemizing their tax deductions, even though some taxpayers with mortgages or home equity loans could have saved money by itemizing.

Interest on college loans can be deducted as an adjustment to income, so you get a benefit even if you claim the standard deduction rather than itemizing deductions on your return.

If you're just finishing college, you'll want to consolidate your loans after you graduate but before your grace period ends, so that you can take advantage of the lower in - school interest rate (the 91 - day T - bill rate plus 1.7 percent, rather than the standard repayment rate of T - bill rate plus 2.3 percent).

(Under QRM, if the loan meets the standards, it's considered safe, so lenders can sell 100 percent of the loan to investors rather than hold back 5 percent of the loan amount on their books.)