Sentences with phrase «repaid in a lump»

Balloon Mortgage Loan Payments on a balloon mortgage loan do not cover its fully amortized amount each period and at the end of the loan term, the unpaid balance must be repaid in a lump sum.

The principal of the loan is repaid in a lump sum at the end of the loan period.

You also might consider Earnin, an app that offers workers advances that they repay in a lump sum on payday at no interest.

Payday loans: Payday loans are short - term loans that are made to people who have a source of income and a bank account and that are repaid in a lump sum.

The interest is relatively low and the policy loan can be repaid in a lump sum or installments.

Not exact matches

Loans can be prepaid at any time with a rebate of unearned fees, repaid in installments, or repaid in one lump sum.

With an installment personal loan, a borrower receives the money in one lump sum and then repays it in regular (usually monthly) smaller payments.

Another option is to add the PMI premium in a lump sum to your mortgage balance and to repay it as part of your monthly mortgage payment.

This coverage provides a lump sum to repay outstanding payments in case of death or fatal illness.

Access to funds — A home equity loan provides you the money in an upfront lump sum and you repay over a defined period of time.

Single payment loans allow you to repay a loan in one lump sum.

Closed - end loan is one in which you receive your money in one lump sum at closing and agree to repay it by a specified date.

Term loans are monetary loans that are usually disbursed in one lump sum and repaid in regular payments over a set period of time.

A business loan resembles a mortgage, in that the borrower receives a lump sum and then repays principal and interest periodically, usually monthly — although some commercial lenders offer more frequent repayments.

But they do not have to make any monthly loan payments, as the loan is repaid in one lump sum when the last borrower leaves the home and the home is sold.

Ans: If you have to repay quite a lump sum amount and you think you can't pay them in full, debt settlement option can come to your help.

When it comes to loans for people with bad credit, you receive a lump - sum amount of money upfront, and then you repay the personal loan in monthly installments.

It delivers a lump sum at closing, and you repay the loan in equal monthly installments.

With a year in business and growing revenue, a term loan can provide a lump sum you can repay over a set period of time.

It's good to repay all of your debt, of course, but it's okay to make repaying the mortgage a long - term goal instead of lumping it in with your debt snowball.

• The following sources are not included in annual income but will be considered in determining the ability to repay the loan: − Income from minors − Food stamp allotment − Payments from foster care − Irregular cash gifts − Lump sum additions, such as capital gains, etc. − Medical reimbursements − Educational benefits − Hazardous duty pay for military person exposed to hostile fire Note: Not every situation can be thoroughly addressed and this sellers guide is not all - encompassing.

Meanwhile the above - mentioned option includes the policy according to which the lump sum is repaid in cases of either

They don't care that you can't repay credit card debt with 32 % interest or come up with $ 500,000 in one lump sum to repay a balloon payment on your home.

Unlike loan agreements, which can contain complex payment terms, promissory notes are more like paper trails that document that one person has lent another money and that the borrower agrees to repay the money within a certain amount of time, either in a lump sum or in installments.

What makes a payday line of credit different from a standard payday loan is that you don't just get one lump sum of cash to spend at once and repay in full.

The bank will lend you $ 2,400 today, if you agree to repay a lump sum of $ 4,000 in 4 years from now.

In contrast to installment loans, short - term loans are repaid in a single, lump - sum payment at the end of your loan length that includes both the principal and applicable finance feeIn contrast to installment loans, short - term loans are repaid in a single, lump - sum payment at the end of your loan length that includes both the principal and applicable finance feein a single, lump - sum payment at the end of your loan length that includes both the principal and applicable finance fees.

The cost can be paid in a single lump sum, but CMHC says the amount is often added to the mortgage principal and repaid over the life of the loan.

Your business receives a lump sum of money that you repay in monthly installments, at a fixed interest rate.

Repayment options You'll need to decide when payments are due or if you want the loan to be repaid in one lump sum.

If you get to outlive the term period, Prudential will repay your premiums in a lump sum.

Generally, a single payment loan is used for short term, temporary financing and is repaid with interest in one lump sum at the end of the term.