Sentences with phrase «than the original loan»

You could end up paying more fees than the original loan amount with a payday loan.

For the sake of the example I showed the 20 year term since the monthly payments were just slightly higher than the original loan.

Pay even more toward the principal, and you can graduate owing less than the original loan.

An appraisal is not required for one of these mortgages; in that case, however, the loan must not be larger than the original loan.

It's important to note that individual situations vary, so this means the monthly payment under the income - contingent repayment plan may not be lower than the original loan payment.

If you've been paying your mortgage for many years, your loan balance will be smaller than the original loan amount.

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

If the debt provides more in value than the original loan amount then I consider it a good debt.

It is not uncommon for payday borrowers to pay fees and charges that are greater than the original loan amount.

During the process of doing a mortgage refinance, you can get more money than the original loan amount.

Loans are often offered over a longer time than your original loans.

It also gives you the opportunity to refinance at a lower interest rate than your original loan.

The fees can rack up until they're higher than the original loan.

This results in a new mortgage loan which may have different terms than your original loan (meaning you may have a different type of loan and / or a different interest rate as well as a longer or shorter time period for paying off your loan).

If the discount rate used is lower than the APR of the interest rate for the loan, the NPV will be higher than the original loan balance.

Additionally, unless you are EXTREMELY secure in your current job, the possibility of having to come up with the balance of the loan in a short period of time, or suffer even greater consequences, could lead to more harm than the original loan did any good.

The only way to look at it is that the parents have invested, because the parents get a % of the property in the end, rather than the original loan amount plus interest.

Consolidated loans generally have a lower interest rate and lower monthly payments, but they can end up being more expensive over time because they offer a longer repayment period than the original loans do.

Nonetheless, we found that the benefit from refinancing was quickly eliminated once the rate lock expired, and was actually $ 58,000 more expensive than the original loan if left outstanding until maturity.

VA Streamline Refinance (IRRRL) typically offers a lower rate for refinance, less paperwork than the original loan or traditional refinance, and may not require the additional cost of appraisal

With a typical payday fee of 15 percent, consumers who take out an initial loan and six renewals will have paid more in fees than the original loan amount.»

As with other refinancing products on the market, this type of loan consolidates all current loan payments into one monthly sum, often with much better terms than the original loans.

If your new interest rate is not sufficiently lower than your original loan, then those extra months of interest charges may increase the total cost of your home over the life of your loan.

This means that by the time a borrower repays his or her loan, it might equal less than the original loan amount when it's converted back to U.S. dollars.

In fact, the final interest, although fixed, may end up being slightly higher than the original loans» rates, costing borrowers more in the long run.

The other lenders are 3B Pay day loans and AAA Cash advance or Pay day loans... All have been paid much more than the original loan amount and I will deal with them after my account has been closed...

As with other refinancing products on the market, this type of loan consolidates all current loan payments into one monthly sum, often with much better terms than the original loans.

Remember, too, you're refinancing a lower balance than your original loan.

Like the Extended Repayment plan though, the interest that accumulates throughout this plan's longer loan term can eventually wind up costing you more than the original loan.

This creates a new mortgage loan which is likely to be different than your original loan — meaning you may have a different type of loan, a different interest rate, as well as a longer or shorter time period for paying off your loan.

An exception would be if you refinance a qualified student loan for more than your original loan, and you use the additional amount for any purpose other than qualified education expenses.

Refinancing involves repaying an older debt by taking on a new loan with different terms than your original loan.

However, since the refinance loan will be requested for a higher amount than the original loan, the remaining amount can be used for whatever purpose you want.

After taking some time to shop around, a refinanced student loan should have much better terms than the original loans.

You got a loan for $ 5,400 more than the original loan.

That payoff amount will be less than the original loan amount because some amortization has occurred, but is certainly greater than zero (which would have taken another 15 years to reach).

According to «US Capital Trends,» an analysis by Real Capital Analytics (RCA), a bit more than one - third of all CMBS loans that are due to mature in the 2016 - 2017 period will require either additional capital to be put into the deal or will be worth less than the original loan.

New terms: Your new mortgage will have different terms than your original loan.