Sentences with phrase «than the loan balance»

If you want to refinance but your home value is less than your loan balance, U.S. Bank may be able to help.

A reverse mortgage loan is «non-recourse», meaning that if you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt.

If the home has depreciated in value and is worth less than the loan balance, you are not responsible for repaying more than the home is worth.

Unless you made a large down payment when you bought the car, the auction price will be less than your loan balance.

If the item sells for less than the loan balance, the borrower is still on the hook for the difference.

If you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt

Homes worth less than the loan balance have a higher risk to the lender.

It's not a seller's market and the only offer you've received is for less than your loan balance.

If the car sells for more than the loan balance, we can keep all of the proceeds, you have no legal right to the difference.

However, if the proceeds from the sale are more than the loan balance, we are allowed to keep the remainder, as you waive your right to this money when you agree to the loan.

Even if we receive more from the sale than the loan balance, you have no right to claim the difference.

This means the borrower, or his or her estate, will never owe more than the loan balance or the value of the property, whichever is less.

If the sales price is more than your loan balance, you'll receive a refund after the bank collects its fees and loan payoff amount.

The illustration below differs from the one above in that the replacement cost is higher than the loan balance.

If the cost to replace your car is higher than your loan balance, it may be best to have new car replacement coverage.

Any death benefit more than the loan balance will be paid to your beneficiary.

If the death benefit amount is more than the loan balance, your listed beneficiaries will receive the remaining payout amount.

A reverse mortgage loan is «non-recourse», meaning that if you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt.

This means the borrower, or his or her estate, will never owe more than the loan balance or the value of the property, whichever is less.

Not exact matches

It's a far cry from the days — say 15 years ago — when less than a dozen banks held a corporate loan on their balance sheet, and companies could renegotiate the terms of their loan with a single creditor, or a small committee.

Goldman is likely to auction the boat, which, even after several markdowns, is currently listed for more than the outstanding balance of its loan to Kallop.

The fees can vary from less than 1 percent to a few percentage points — and interest at the prime rate to several points over prime on the balance of receivables you sell, making it steeper than most bank loans.

A weighted average means that the loans with a higher balance influence the interest rate more than loans with a smaller balance — the overall impact of each old loan on the new interest rate is proportional to the comparative balance of that loan.

Borrowers should keep in mind that lower interest rates at the beginning of a loan result in more actual savings than lower interest rates towards the end of a loan since the principal is lower as time goes by (interest charged is a percentage of the current loan balance).

Currently, more than 44 million Americans have outstanding student loan debt, totaling over $ 1.4 trillion among them, and these figures make it hard to fathom how student loan balances will ever be paid off.

But the amount of the new loan will be higher than the balance you owe on the old mortgage, and you'll receive the difference in cash.

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

These are typically wrapped into the loan balance, rather than paid out - of - pocket.

With sufficient saving over the interest - only period, the health of their balance sheet need be no different than it would have been with a P&I loan.

Those who owe the larger balances are feeling the pinch of their debt load — many are racking up interest faster than they can knock down the principal on their loans.

Some mortgage underwriters base decisions on the percentage of your total student loan balance rather than using your monthly payment amounts under an income - driven repayment plan.

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.

In 2016, the average student graduated from college with an outstanding balance of more than $ 37,000, but a staggering 2 million borrowers owe more than $ 100,000 in student loan debt.

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.

As student loans and other debt balances rise across the country, more people find themselves buried under debt owing far more than they have.

A greater portion of Gen X-ers took home loans than Millennials, but their averaging was slightly lower at $ 25,600, or 26 % of their balance.

In group two, we excluded borrowers whose calculated savings represented more than 95 percent of their loan balance, as this is likely an indicator of a data entry error.

Because many borrowers have used Credible to refinance graduate school debt, the average loan balance for all users — $ 54,591 — is greater than the debt typically taken on by undergraduates.

If you have a subsidized loan and your monthly IBR payment is less than the interest that accrues each month, the government will pay the difference for the first three years and your overall balance won't increase.

Specifically, anyone with Direct Loans or FFEL Loans must carry a loan balance of more than $ 30,000 to be eligible.

With a cash - out refinance, the loan balance of the new mortgage exceeds than the original mortgage balance by five percent or more.

Unlike PMI, the private mortgage insurance you'd pay with most conventional loans, MIP never goes away, even after you pay your loan balance down to less than 80 percent of the home value.

And for both investor and owner - occupier loans, adjusting for offset balances leads to only a small change in the share of loans with current LVRs greater than 80 per cent.

Furthermore, if 1 % of the loan balance is greater than the actual payment on loan documents or your credit report, the lender must use the one - percent figure.

If your new loan amount is greater than or equal to your mortgage amount outstanding (refer to «Glossary» tab for definition) you can transfer your existing interest rate, loan balance and maturity date to a new home.

As a general rule, borrowers that need loans with balances consistently larger than $ 2 million are too big for about 80 % of the banks in the U.S. Surprisingly, only about 6 % of the banks in the U.S. are larger than $ 1 billion in size and have the capital base to concentrate on middle - and lower - middle - market businesses.

The factors balance each other — if you want a loan with a below - average FICO, you'll probably need to be better - than - average with your down payment or DTI.

now services loan balances totaling more than half a trillion dollars.

Also, again, because the loan is unsecured, the rate may be higher than, say, a home equity loan.However, if you can get approved, the rate will probably be below that of a credit card, so it would still be better to use the loan versus leaving the balances on the cards.

Once this promo period expires, often the rate you'll see on a balance transfer credit card is much higher than on a personal loan.