Sentences with phrase «sum loan based»

A home equity loan, sometimes called a second mortgage, is a lump sum loan based on the equity you've built up in your home.

Not exact matches

In this case, your bank will provide a lump - sum loan payment or extend a line of credit based on this amount.

«Based on the findings and observations enumerated in paragraph (5)- (viii) as well as series of facts and figures available to this Honurable House, the sum of N34, 988,990,000.00, which was approved and released as bailout loan to the State Government of Osun by the Federal Government of Nigeria in the year 2015, was judiciously utilized.»

A home equity loan, though, provides you with a single lump sum of cash, again based on the amount of equity in your residence.

With a home equity loan, you receive a lump sum payment for whatever amount you borrow, based on the amount of equity you have available in your home.

The interest rate for a variable rate loan is the sum of the base interest rate plus the loan margin.

To cover a broader range of home improvement needs, mortgage lenders offer loans in the form of cash - out refinance loans, another type of equity - based loan that involves a lump sum of cash at closing to use as you please for home improvement.

Dear Harinath, Based on your profile, financial goals and current investments, suggest you not to pre-pay your home loan with a lump sum amount.

Budgeting loans and advances: This is a Government scheme providing interest free loans to those on certain income - based benefits if you need essential items for your home or other things that you can not pay for in a lump sum, such as clothes and furnishings.

Other common loans include a line of credit, which gives the borrower access to a certain amount of funds at any given time; a merchant cash advance, an advance based on future revenues of a business; and invoice factoring, in which invoices are sold for a lump sum of cash to improve cash flow and reduce debt.

Balloon loans are short - term fixed rate loans that have fixed monthly payments based usually upon a 30 - year fully amortizing schedule and a lump sum payment at the end of its term.

Typically the loan money taken through a reverse mortgage comes on a monthly basis, but there are also instances where a lump sum is given.

The premiums are determined on the basis of the policyholder's current age, the sum assured, policy term, the interest rate of the loan and the payment mode for the premiums.

If you are taking a term insurance policy as a protection against loan and debts, then there is no need to go for staggered payment as in such situations, you need the sum assured at once not on a monthly basis.

Peer - to - peer (P2P) Loans are somewhat similar to bonds in the sense that investing in either one will require you to put up a certain sum of money which will then be recovered via interest - based payments made at regular intervals.

Funded mortgage loans in varying dollar amounts and took responsibility for distributing large sums of money on daily basis

There are no monthly payments with a reverse mortgage; instead, the lender pays the homeowner a sum based on the age of the loan recipient and the amount of equity in the home.

«While it may be appealing to get an upfront lump sum of cash, the risk here appears to be that a consumer could end up with a more expensive product with harsher repayment terms than they would with a more conventional loan,» said Edelman, whose Washington - based policy institute promotes economic mobility.

In sum, the serious delinquency rate, the portion of loans either 90 or more days late or in the foreclosure inventory decreased by 108 basis points over the past year.