Sentences with phrase «repay outstanding loan»

If Sheila didn't have the loan, she would receive $ 105,000 upon surrender of the policy; with the loan, she will only receive $ 75,000, because the remaining $ 30,000 will be used to repay the outstanding loan.

Variable universal life typically provides a minimum guaranteed death benefit that won't decrease as long as you make the required premium payments and repay any outstanding loan balances.

In case of your death, your family will not lose the home for not being able to repay the outstanding loan amount.

I believe that partial withdrawal to repay outstanding loan amount can be made only on home loan and not land loan.

Regardless of which technique you use, debt consolidation is an invaluable opportunity to repay outstanding loan obligations while repairing your credit.

Also, your credit worthiness has been established by the lender already as well as your ability to repay the outstanding loan.

Since refinancing consists on getting approved for a loan in order to repay an outstanding loan, not only an amount on interests but the whole principal of the Interest Only Loan will be reimbursed.

The Canadian federal government is announcing new efforts to help graduates repay their outstanding loan debt.

It basically consists on taking a loan in order to repay an outstanding loan.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

NMG may voluntarily reduce the unutilized portion of the commitment amount and repay outstanding loans at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8, 2013.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

Thus, the money obtained from a cash - out refinance home loan is mainly used to repaying the outstanding loan, but there is an additional amount that can be used for other purposes.

Many of us do this mistake of not planning for retirement and concentrate more on repaying the outstanding loan amount.

If you choose to apply for a graduate loan, be prepared to put aside a considerable amount of money from your income for the next couple of years as you will need it to repay outstanding loans and the new graduate loan installments.

Debt Consolidation: Many people choose a home equity loan to repay outstanding loans to avoid further damaging their credit score.

By establishing a realistic repayment plan, consumers will be able to make manageable monthly payments while focusing on repaying their outstanding loans.

Upon your death, the life insurance proceeds are used to repay any outstanding loans.

The lump sum death benefit may be used for repaying the outstanding loan amount.

Not exact matches

This means that in the event that a borrower fails to repay, we would seek to recover the outstanding loan by selling the property and passing the proceeds on to investors.

If one does borrow against their 401 (k) accounts, the analysis said borrowers should keep in mind a few in particular, such as if you move to a new job, any outstanding 401 (k) loan balance typically must be repaid within 60 days.

Most plans require outstanding loans to be repaid in full within 60 days after separation of service.

In 1914, a report from Harvard's president found that among 591 graduates with outstanding loans, 44 percent hadn't repaid a cent.

While the primary purpose of the program is to help charter schools, «Finance school building projects, including the construction, purchase, extension, replacement, renovation or major alteration of a building to be used for public school purposes,» the law does allow charter school companies to seek grants to, «Repay debt incurred for school building projects, including paying outstanding principal on loans which have been incurred for school building projects.»

Should you find yourself in a position where you are unable to repay the loan, it is treated as a withdrawal and the outstanding loan balance will be subject to current income taxes in addition to a 10 % early withdrawal penalty if you are under age 59 1/2.

If you're a teacher and have an outstanding student loan to pay off, then there's a special way of repaying your debt.

Misinformation: — Sallie Mae and Navient are two different companies — $ 1.3 trillion is the total outstanding student loan debt in the United States, and no company is being forced or asked to repay this — Last year, Sallie Mae was ordered to pay $ 100 million to military members for bad practices, but that is just for certain people who had issues while they were deployed or on active duty — There are multiple income - based programs?

Identify all parties who may be considered lenders with unpaid balances such as banks, credit card companies, finance companies and all other third parties with outstanding loans subject to be repaid.

When the borrower (or borrowers) dies or leaves the home, heirs can repay the loan from their own funds or sell the house, in which case the sales proceeds satisfy the loan, even if they fall short of the outstanding balance.

To determine your creditworthiness (i.e. the likelihood you will repay your loan as agreed), lenders will consider a number of factors, including your income, your savings, and any outstanding debts.

According to town records, an outstanding warrant still exists for Mr. Boone's arrest after he failed to repay a loan extended to him by the townspeople.

Fresh start loans can provide a fair amount of money that can be used for repaying outstanding debt.

If the credit report is accurate and you have a poor credit history, you need to start repaying outstanding balances on time in order to re-establish an acceptable record and then try to apply for a loan again.

Since it takes the average student many years to repay student loan debt in British Columbia and since it can be difficult to obtain long - term, sustainable employment in their chosen career, it is not surprising that after years of struggle many discover that they are not able to keep up with their student loan repayment obligation and find the outstanding balance prohibitive, limiting their lives accordingly.

If you leave your job and don't repay that loan within 60 days, the IRS considers you to have taken a withdrawal from the account, and slaps a 10 percent penalty on the total amount still outstanding.

If you have any outstanding balance on your loan that you haven't repaid in full after 25 years, you will enjoy loan forgiveness on this amount.

Due to interest capitalization, a process where unpaid interest and loan fees are added to the outstanding principal balance of a loan, the amount of money you repay on a private student loan can be significantly more than the amount you borrowed.

If you have any outstanding balance on your loan that you haven't repaid in full after 20 or 25 years, you will enjoy loan forgiveness on this amount.

Any outstanding loan, plus interest, will reduce your death benefit if you die without having repaid the loan.

If your policy has a large outstanding loan and you will have difficulty repaying it to avoid a lapse, it might be better to use the remaining loan balance to purchase a reduced paid - up policy.

Qualification: Approval for a PLUS Loan does not take into consideration income, other outstanding debt, assets, income or years to retirement, so consider carefully how much you will realistically be able to repay.

It's a complex formula that takes into account how you've repaid previous loans, any outstanding debt, and your current salary.

If you are in need of extra cash and you have too much outstanding debt or you are having difficulties repaying personal loans and credit card balances,...

The audit is meant to zero in on which outstanding loans have a chance of being repaid.

Repossession and Sale of your Motor Vehicle: If you do not repay your motor vehicle title loan in accordance with your loan agreement, the motor vehicle title lender may repossess and sell your motor vehicle in order to recover any outstanding amounts that you owe.

Home equity loan payments are typically fixed over the repayment period, while a home equity line of credit can offer interest - only payment terms or outstanding balances can be repaid using a variety of repayment strategies.

This means that you will end up repaying your outstanding student debt, plus up to 25 percent in contingent fees to satisfy the student loan debt.