Sentences with phrase «term loan was refinanced»

Cambridge Chairman Jeffrey A. Davis said the fully - amortized, 22.7 - year term loan was refinanced for the borrower, a South Carolina limited liability company, using the HUD Section 232 pursuant to Section 223 (a)(7) funding program.

Not exact matches

While rates, fees, loan terms and conditions may vary by bank, once you've set your goal, the following are a few general guidelines to help determine optimal timing for refinancing.

The company is also paying down revolving credit debt and its term loan A debt as part of the refinancing effort, which includes the nearly $ 3.3 billion sale of secured notes.

In short, the term «consolidation» is used to describe the process of combining multiple loans into a single loan while the term «refinancing» is used to describe the process of using a more advantageous loan to repay an older loan.

Also, MEFA's eligibility requirements for student loan refinancing do not include having completed a degree, so borrowers who have put school on hold and are repaying their loans may be able to refinance into lower rates with MEFA — or at the very least, into a longer loan term and therefore lower monthly payments.

College graduates are primarily hoping to reduce interest rates, reduce monthly payments, and possibly save money over the term of their loan through refinancing.

The terms «student loan refinancing» and «student loan consolidation» are often used interchangeably.

If you're consider refinancing, be sure to research the top refinancing lenders for student loans for the best rates and terms.

Most projects are short - term transactional real estate debt for rehab, refinancing and bridge loans.

If you're tired of dealing with multiple student loans with various terms, research your student loan refinancing options.

After accepting the final loan terms, the company will pay off the loans that you are refinancing and your payment of the refinanced loans will begin one month after the loan begins.

In general, you are stuck with the terms you agreed to at the time you refinanced your loan.

While refinancing federal or private student loan debt helps streamline the loan repayment process, borrowers are required to repay the loan based on the terms agreed upon at the time the funds are received.

CommonBond's average savings methodology excludes refinance loans during the period mentioned above in which members elect a refinance loan with longer maturity than their existing student loans, the term length of the member's original student loan (s) is greater than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.

Refinanced loan terms with Citizens are five, 10, 15, and 20 years, so you'll have the flexibility to choose should you be approved to refinance.

CommonBond's average savings methodology excludes refinance loans during the period mentioned above in which members elect a refinance loan with longer maturity than their existing student loans, the term length of the member's original student loan (s) is greater is than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment.

Refinancing your student loans with a long - term repayment plan (15 years) might be attractive, but remember that interest rates are going to be higher and will cost you more money in the long run.

Regardless of the exact benefit you'd want, a longer loan term is one reason why plenty of business owners search for refinancing.

If your goal is to reduce your monthly payment by extending your loan term, refinancing with a private lender at a lower interest rate can reduce or eliminate the additional interest payments that you'd otherwise make if you stretched out your payments without an interest rate reduction.

Borrowers refinancing student loans can reduce both their monthly payment and the total amount repaid when they refinance into a loan with a lower interest rate and a repayment term that's comparable to their existing loan.

The interest rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.0 %.

If you are confident in your ability to repay your loans over your given repayment term and are seeking to maximize savings, and you also have a good credit score and healthy income, refinancing your federal loans could be a wise option.

When you refinance one short - term loan with another, you're paying a good deal of interest on interest.

If you're thinking of refinancing your federal student loans, it's crucial to compare your repayment terms.

That means the loan term is 30 years and it will take you 30 years to repay it, unless you refinance or you prepay your mortgage and knock out the debt in a shorter time.

If mortgage rates have declined since the last time you obtained a home loan, you might be able to refinance into a lower rate and save money over the long term.

As easy as it is to go through the refinancing process, there's an important step you shouldn't breeze through: choosing your student loan terms.

Whether you're taking out a loan or refinancing for new terms, you'll have to choose between a variable and fixed rate student loan.

If you're refinancing one or more student loans for new terms, use a student loan calculator to compare your options.

Refinancing is taking out a new loan with different rates or terms than the one you currently have.

Yes, average savings, APRs, and loan terms are important factors to consider when you're refinancing student loans, but so is customer service.

Now, owners of second homes are seeking a refinance to lower their rate, eliminate mortgage insurance, shorten their loan term, or get cash out.

Refinancing a federal or private student loan can be the most affordable option, but you'll never know until you apply — and make sure you fully understand the terms and conditions of the loan you are considering.

You'll still be responsible for repaying your loan when you refinance in your name but you could have lower rates or better terms.

When you do a mortgage refinance, you are establishing a brand - new loan with brand - new terms.

For example, a cash - out refinance may be limited to a lower loan size as compared to a rate - and - term refinance; or, may require higher credit scores at the time of application.

These loans are still considered «rate and term» refinances, which come with lower rates than cash - out refinances.

Through student loan refinancing, you may be able to choose from various repayment terms and interest rates.

You can get all of the benefits of refinancing the loan in your name — lower rates, longer terms, more repayment plan options — while also being legally absolved from paying it off.

Loan modification is the process of changing your loan terms without a refinance and lenders often work to help homeowners in nLoan modification is the process of changing your loan terms without a refinance and lenders often work to help homeowners in nloan terms without a refinance and lenders often work to help homeowners in need.

If you aren't happy with your loan or transfer the debt into your child's name, you can refinance it by applying for another loan with more favorable terms.

This differs from a traditional mortgage refinance, when the original loan is replaced with a new loan, typically with a lower interest rate and new set of terms.

When it's time to refinance your Illinois mortgage you can work with the same lender or shop around to see if you can find a lender who will offer you a lower interest rate and / or more favorable loan terms.

There are two main products offered with these loans; private student loans for students and student loan refinancing for borrowers looking for lower rates or better terms.

Student loan refinancing is available through private lenders who will consolidate any number of your federal and private student loans into one new loan with a loan term of five to 20 years.

While the terms are sometimes used interchangeably, consolidating your loans is different than refinancing them.

The advantage of using a personal loan to refinance credit card debt is that everything is fixed — the interest rate, the payment and the loan term — so you can actually target a debt payoff date.

TIFIA direct loans can only be used to refinance: (i) interim construction financing of eligible project costs; (ii) existing Federal credit instruments for rural infrastructure projects; or (iii) long - term project obligations or Federal credit instruments if the refinancing provides additional funding capacity for the completion, enhancement, or expansion of an eligible project.

If eliminating your mortgage is one of your financial goals, you may have considered alternative mortgage loan terms for refinancing.

Still, it is possible to extend your loan term and pay less for your car by refinancing to a sufficiently lower interest rate.