Sentences with phrase «separate lump sum payments»

Not exact matches

Although you may save the most by paying off the loan in a lump sum, most people decide between — or combine — available options, including increasing the monthly payment, making biweekly payments or making additional, separate principal payments.

You can finance the cost of the insurance, paying an additional amount on top of your mortgage payment, you can pay the insurance premium in one lump sum each year, or you may be able to set up separate monthly payments with the lender or the private mortgage insurance company.

By way of background, after a 19 - year marriage Mr and Mrs Walkden separated in October 2005, at which time they negotiated a separation agreement which gave Mrs Walkden a lump sum and periodical payments.

The agreement provided, inter alia, that each party waived the right to the other's separate property in the event of separation or divorce; each party would keep separate bank accounts; and the husband's maintenance obligation would be limited to a lump sum payment of $ 20,000.

Although some may choose to use their lump sum to pay mortgage payments, a life insurance policy will not completely pay off your mortgage, for this you will need to take out a separate mortgage protection policy.