Sentences with phrase «reduced during the term of the loan»

Loans are exempt from the new reserve requirements when the borrower has contributed equity of at least 15 percent of the appraised «as completed» value before the advancement of any bank funds, and the equity may not be reduced during the term of the loan.

Not exact matches

Gain on sale was $ 0.3 million during the second quarter of 2017, primarily reflecting the Company's decision to reduce the percentage of term loans sold through OnDeck Marketplace to less than 5 %, as announced last quarter.

If during the course of your car loan, you improve your credit worthiness in the eyes of lenders (they sometimes evaluate you according to the Four C's of Credit), then you usually can get a new loan on your car with a lower interest rate, and when you lower your interest rate you may reduce the total interest charges you pay on your car loan — assuming your car loan term is not extended or not extended by too many months.

If you are aware of any likely change to your circumstances during the term of your loan that could increase your expenditure or reduce your income please give us a call on 0800 169 8503 to apply.

During times of reduced income that do not result in unemployment, financial counseling will be provided to help homeowners shift the terms in their loan plan to accommodate their new income level.

Some fixed - rate mortgages also feature interest - only periods, which allow homeowners to make interest - only mortgage payments during the first five to ten years of the loan term, though the loan will recast once the interest - only period is up to account for any reduced payments made during that period.