Sentences with phrase «than the original loan amount»

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...

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

During the up - to 54 month $ 100 monthly payment period, the minimum payment may not pay all of the interest due each month during the resident period, likely resulting in your principal balance becoming larger than your original loan amount at the end of your resident period.

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

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.»

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

(ii) If the consumer may make regular periodic payments that do not cover all of the interest due, the creditor must provide a statement that, if the consumer chooses a monthly payment option that does not cover all of the interest due, the principal balance may become larger than the original loan amount and the increases in the principal balance lower the consumer's equity in the property.

(i) If the regular periodic payments do not cover all of the interest due, the creditor must provide a statement that the principal balance will increase, such balance will likely become larger than the original loan amount, and increases in such balance lower the consumer's equity in the property.

Not exact matches

A collection agency, whether through the US government or private lender, won't usually settle a defaulted student loan debt if it's less than the amount that the lender is likely to receive over the life of the original loan — so negotiation is essential during settlement talks.

It's typical for repaying the loan to cost more than twice as much as the original amount borrowed.

During his wide - ranging keynote speech, the shadow chancellor also spoke about Labour's plans to cap credit card interest so that no - one pays back more than twice the amount of their original loan.

Borrowers would see their interest capped so that no - one pays back more than twice the amount of their original loan under a Labour Government, the shadow chancellor has announced.

My original amount due was 65,000 and now on my credit report its 135,000 bc the consolidated loans are on there... its been about 4 months is this enough time for the non consolidated loans to come off my credit report or does it take longer than that.

If payments are stretched out over many years, you could end up paying far more than the original amount of the loan.

Installment — have paid down on average 35 % of the original amount of the loan, in addition the average they usually owe less than $ 1200 on their non-mortgage accounts

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

If you're thinking of taking out a debt consolidation loan, you may wish to arrange to repay it over a longer timeframe than your original debts — which can lower the amount you are required to spend each month.

There are a number of reasons why the total amount you owe on your federal student loan might be higher than you expect it to be when you compare the current amount you owe with the original amount you borrowed.

That could be tough to pay, but for many, it's easier to pay this smaller amount than the original student loan balance.

That's more than 10 percent of the original loan amount.

If you purchased the home less than 12 months ago, you must use the original purchase price of the home as the basis of your new loan amount.

You may be able to avoid this situation by making monthly payments toward the new, lower fixed - rate loan in an amount equal to or greater than what you previously paid toward your original loan.

If you put down less than 20 percent on a conventional loan, also known as a conforming mortgage, your lender will probably ask that you get Private Mortgage Insurance (PMI) until you have made two years» worth of payments or your principal balance is reduced to 78 percent of its original amount.

(It's also worth noting that, in many cases, creditors have already received enough in interest to more than cover the original amount borrowed, especially if the obligation is a credit card or some other high interest consumer loan.)

The home buyer ends up owing more than the original amount of the loan.

More than double the original loan amount!

Borrowers who qualify for a higher loan amount than the amount of their original loan may be able to obtain a larger loan when they refinance.

If your monthly payment is less that the amount of interest that accrues, the interest is added to your principal until it is 10 % higher than your original loan balance.

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.

Once a borrower's income reaches a level where his loan payment would be higher than under a traditional 10 - year repayment term for his original loan balance, the program by default has him pay the lower of the two amounts.

Are you saying that you have paid the loan amount down to 78 % of the original value of the loan, or that because of market conditions you have greater than 20 % equity?

A debt consolidation loan can save the debtor a considerable amount of money as long as the interest rate for the loan is lower than the original debt.

I have paid back more than double the original loan amount.

Because of interest, you should always expect to pay back a more than your original student loan amount.

Second, for people making income - based student loan payments — in amounts smaller than what their original repayment agreement called for — the smaller payment is factored into the DTI calculation.

Down Payments Conventional loans typically ask for at least 20 percent down, but there are low - down payment options (for example, FHA loans only require a 3.5 percent down payment); however, agents must remind buyers that any loans with less than 20 percent down require private mortgage insurance (PMI), for which they must budget an additional 0.3 percent to 1.5 percent of the original loan amount per year.

If the usury limit is 10 % and 9 % is the note rate, but 4 points are charged, the points are deducted from the loan amount advanced and that amount is computed over the term with the original payment required to be paid and the effective interest rate is then computed, the annual percentage rate, which will be higher than the note rate in this case.

In cash - out refinance loans, you refinance an existing mortgage loan for a larger amount than the original mortgage.

Insurance rates range from less than.5 percent to nearly 1.5 percent of the original loan amount, per year.