Sentences with phrase «than the amount someone borrowed»

One thing about debt is that, you will end up paying more than the amount you borrowed as a result of interest and other incidental fees.

Check the date you signed your credit contract to see if the threshold is less than the amount you borrowed.

There are a few common questions that come up about student loan payments: Why is my Total Loan Cost higher than the amount I borrowed?

One thing about debt is that, you will end up paying more than the amount you borrowed as a result of interest and other incidental fees.

The bank likely might extend you a loan especially if you have assets greater than the amount borrowed.

If you look closely, you will probably be amazed that your loan will typically cost more than the amount you borrowed!

What many borrowers may not understand at the time they take out their loans is the amount they end up paying back is far more than the amount they borrow due to interest.

That fee might look small when you first take out the loan, but if you keep repeating the rollover cycle you can end up owing more than the amount you borrowed in the first place.

Clearly, no student would rationally accept a loan with a higher NPV than the amount borrowed, so perhaps the discount rate should also be at least as much as the APR of the student loan interest rate.

Federal student loan fees are taken as a percentage of the total loan amount and deducted proportionally from each loan disbursement, meaning you'll receive slightly less than the amount you borrow.

What many borrowers may not understand at the time they take out their loans is the amount they end up paying back is far more than the amount they borrow due to interest.Student loan interest rates can vary considerably, depending on the type of loan (federal or private), the creditworthiness of the borrower, and whether the interest rate is fixed or variable.

Hey Thomas, thanks, I am still debating the loan strategy but even if I do get the full amount I am pre-qualified for the tax refund is still higher than the amount borrowed, which works well in my favour

One thing about debt is that, you will end up paying more than the amount you borrowed as Continue ReadingAfter Paying Off Debt, What Next Must I Do?

The loan fee will be taken as a percentage of the total loan amount and deducted proportionally from each loan disbursement, meaning you'll receive slightly less than the amount you borrow.

Federal student loan fees are taken as a percentage of the total loan amount and deducted proportionally from each loan disbursement, meaning you'll receive slightly less than the amount you borrow.

There are other ways you can get money without having to pay back much more than the amount you borrow.

But if the home sales proceeds are less than the amount borrowed, the proceeds go first to the lender, along with any extra amount from the Department of Housing and Urban Development (HUD) needed to make the lender whole.

For most home sales, this would not be a problem, as long as the appraisal was more than the amount borrowed.

Remember, credit bureaus are more concerned with the habit of paying regularly, more than the amount borrowed, so borrow a low amount.

Or in other words if your ROI is higher than the amount you borrowed (Borrow at 5 % to make a 10 % ROI) your net worth will always be bigger in the end.