Sentences with phrase «smaller than the original loan»

This is in addition to the original mortgage and is usually smaller than the original loan with a higher interest rate.

Not exact matches

That could be tough to pay, but for many, it's easier to pay this smaller amount than the original student loan balance.

This loan is likely smaller than your original personal loan and may be spread over a longer repayment period, so the minimum monthly payment may be lower.

So you may be able to tack your closing costs onto your new loan and still end up with a mortgage that's smaller than your original one — plus, of course, a lower rate and lower monthly payment.

Second, for people making income - based student loan payments — in amounts smaller than what their original repayment agreement called for — the smaller payment is factored into the DTI calculation.