Sentences with phrase «times the loan amount»

Often times our loan amounts are greater than the actual purchase price of the home.

Not exact matches

You have an indefinite amount of time on the loan, as long as you keep renewing it.

In May, the total amount of auto loans cracked the $ 1 trillion mark for the first time, marking a 10 percent increase.

Basic factors you should consider include the amount of your existing savings, whether you have assets that could be sold for cash, whether friends or family members might offer you financing or loans, and whether your spouse or other family members» salaries could be enough to support your family while you launch a business full time.

«Where you'll begin to see a difference,» Felicelli adds, «is in the amount of time that a community banker may be willing to spend with you as a possible loan candidate.

Apollo's $ 184 million loan in November was aimed at refinancing the mortgage on a Chicago skyscraper, while Citigroup's $ 325 million amount in the spring of 2017 was directed at financing office buildings in Brooklyn, the Times said.

With Lending Club, borrowers pay a one - time origination fee (for 36 or 60 month loans), which ranges from 2 percent to 5 percent of the loan amount, depending on your loan grade (A-G), which is derived from your credit score, loan purpose, employment type, loan amount, loan term, and credit usage and history.

Those who are planning on paying off student loans as quickly as possible within a relatively short amount of time (like 5 - 10 years) may be able to save money with a variable rate loan.

In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, NMG will be required to eliminate such excess within a limited period of time.

NMG may voluntarily reduce the unutilized portion of the commitment amount and repay outstanding loans at any time without premium or penalty other than customary «breakage» costs with respect to LIBOR loans.

The monthly payments for this loan are more expensive than with a 30 - year mortgage as you are paying off the same amount of money in half the time, but you will pay less interest.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

The Asset - Based Revolving Credit Facility provides that we have the right at any time to request up to $ 300 million of additional revolving facility commitments and / or incremental term loans, provided that the aggregate amount of loan commitments under the Asset - Based Revolving Credit Facility may not exceed $ 1,000 million.

The Asset - Based Revolving Credit Facility provides that NMG has the right at any time to request up to $ 300 million of additional revolving facility commitments and / or incremental term loans, provided that the aggregate amount of loan commitments under the Asset - Based Revolving Credit Facility may not exceed $ 1,000 million.

In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, we will be required to eliminate such excess within a limited period of time.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

The new loan could have a lower interest rate, both fixed and variable are offered, which could save the borrower a significant amount of money over time in interest payments.

Since you are paying off the same amount of money in half the time, your monthly payments will be higher, but you will pay less interest over the life of the loan.

It shows that you are thinking of how to pay off your parent PLUS loans in the shortest amount of time and with the least interest.

At the time outstanding loan balances are forgiven, a borrower is taxed on that amount as income.

The amount of money borrowed to pay for new and used vehicles climbed to an all - time high of $ 968 billion in the third quarter, according to new data from Experian, which tracks auto loans.

A portion of your loans may be able to be returned depending on the amount of time you spent at the school.

Not surprisingly, those who feel overwhelming financial stress have poor money management behaviors, with only 8 % of this group having an emergency fund, a mere 14 % comfortable with the amount of debt they are carrying, 18 % having a handle on their cash flow, 53 % paying their bills on time and 34 % carrying a loan or hardship withdrawal from their 401 (k) plan.

To qualify, borrowers must have worked in a qualifying field for at least ten years and made payments on their federal student loans for at least the same amount of time.

To comfortably repay your loan each month, your total income should be at least 1.25 times your total expenses, including your new repayment amount, Darden says.

However, you need to find the best loan for yourself that offers the right amount of money and a reasonable period of time.

The operative notion of easy money is that you create $ 32 billion in bank reserves, the banks lend out the money, the money gets spent, more loans happen, and through the magic of the «money multiplier», the amount of loans in the economy goes up by many times that $ 32 billion.

However, keep in mind that the total amount of loan will increase and the repayment time will prolong if you opt for this method.

Assuming you manage to stick to that extra payment for the life of your mortgage, you would save exactly the same amount as a biweekly payment plan and finish repaying your loan at the same time.

Simply enter your total loan amount and time period for the loan (if applicable), and you'll see your estimated monthly payment amount, total interest accrued and how much you'll end up paying over the duration of the loan.

Unlike primary mortgages that tend to be paid off over a 30 - year period, home equity loans and HELOCs are often used for a shorter amount of time.

For example, if you were to get a loan today at 4.5 % (30 year mortgage), would you not have to wait a long time before you could get a savings account, CD or money market account that ever eclipsed that amount?

Extending the term of a loan will lower monthly payments because the same amount of money is spread over a longer time period.

Each option carries its own array of loan terms, such as time period for repayment and whether the monthly payment amount increases over time.

While this results in a higher monthly payment, it will reduce the amount of time it takes to repay the loan.

Unlike some other forgiveness programs that simply waive any remaining debt after a longer period of time, Perkins Loan Cancellations are evaluated on a year - by - year basis, and you could have either a percentage or the full amount of your balance canceled.

He saved over $ 3,000 per month — while tripling his loan amount and stretching the length of his loan by more than 5 times.

The displayed rates and APRs assume a loan amount of $ 260,000, an owner occupied single family detached home located in Pennsylvania, first time usage of VA eligibility, a loan - to - value ratio of less than 80 %, a credit score of at least 740, and a debt - to - income ratio of less than 50 %.

Your actual APR will depend upon factors evaluated at the time of application, which may include credit score, loan amount, loan term, credit usage and history.

First, that means paying a one - time, upfront mortgage insurance premium equal to 1.75 % of the loan amount to close the loan.

The amounts and rates shown on the Loan Market take into account all of the investments available in a particular loan at the current tLoan Market take into account all of the investments available in a particular loan at the current tloan at the current time.

By the time I'm finished paying off my loans, interest will increase the total amount paid by a lovely $ 10,000.

You can only have one HELOC open at a time for a finite amount, so you can't add additional graduate - school student loans onto it later until the HELOC is paid off.

At the same time, the amount of education loans outstanding, which has increased every quarter since the New York Fed began tracking these figures in 2003, rose $ 33 billion to surpass $ 1 trillion for the first time, according to this measure.

By refinancing into a loan with a lower interest rate, homeowners can reduce their monthly payments and the total amount of interest paid over time.

And then there's the issue of co-signer release, which enables you to become the sole person responsible for your loan after you've reached a certain income and credit score, and made a set amount of on - time payments.

The policy can be confusing — especially because the amount of time you'll pay FHA MIP varies by your loan type.

Quicken isn't your only online mortgage option in Maryland: if you aren't a first - time buyer, we found J.G. Wentworth to be the best online mortgage lender in the state, with lower rates and APRs for mortgages at the same loan amount and credit score.

The loan's terms will lay out how many times the interest rate can rise and also the highest possible amount it can reach.

Because mortgages are such big dollar amounts — the Mortgage Bankers Association reported the average loan request in March 2017 hit an all - time high at $ 313,300 — even a fraction of a percentage point can make a big difference in your monthly payment and how much you will spend on your home in the long run.