Sentences with phrase «to make a lump sum payment»

You may make a lump sum payment of up to 20 % of the principal amount owing on the mortgage at the beginning of your current term without paying a penalty or charge.

An additional 16 per cent made lump sum payments on their mortgages during the past year.

One can either make a lump sum payment or regular yearly contribution during earning years in the tax savings pension plan.

This option only works when, after making the lump sum payment, you still have enough assets and income to meet your other retirement goals.

No, in general, you can not make a lump sum payment or negotiate you Federal student loans.

If you think you will have a little piece of mind making the lump sum payment, go ahead and forget about the numbers.

A voluntary method of debt restructuring in which a person makes a lump sum payment to a financial counseling agency who distributes the funds to creditors.

However, in order to use this method, you must be able to make that lump sum payment using some large financial asset such as the equity in your home.

They could make a lump sum payment towards their current mortgage.

You may also make a lump sum payment within certain limits or use your accrued cash value toward premium payments.

Under the single pay option you can make lump sum payment at the inception of the policy.

It's better to make lump sum payments on a single debt than to spread your higher payments among all your debts.

Canadians are aggressively reducing their mortgages by making lump sum payments, increasing monthly payments and reducing amortization periods, revealing confidence and financial flexibility in a stable mortgage environment, says the Canadian Association of Accredited Mortgage Professionals.

The SIP is ideal for people who are not looking to make lump sum payments for their mutual fund investments.

«I paid a bit extra for a few months [and] then made a lump sum payment of around $ 3,000 to completely knock it out.»

I've been making responsible payments into my loan for years now, and I've been making lump sum payments into my loan each time I come across a significant windfall.

By following the advice in my book — paying your mortgage as if rates are already higher, making lump sum payments with found money, and paying your mortgage on an accelerated payment schedule — you can use low interest rates to your advantage and be in good financial shape to handle a rate hike or two whenever it happens.

The immediate annuity is the simplest type; investors make a lump sum payment now, and begin receiving payments for life (or for a specified period of time).

The immediate annuity is the simplest type; investors make a lump sum payment now, and begin receiving payments for life (or for a specified period of time).

Also it's my understanding the contribution rules changed to allow making lump sum payments in 2007 so I should get the grant for a bit of missed time and also going forward, right?

Based on the fact that I brought up my right to have the chance make a lump sum payment prior to closing the mortgage (which would have saved me about $ 1500) as well as the fact that I saw a small discrepancy between the discount they gave me on the mortgage (1.65 %) and the discount they quoted in their letter to me (1.75 %) I have been told by the Ombudsman that they will be contacting me so that they can reimburse me in the amount of $ 2,500.00.

Therefore, it would be advisable to make the lump sum payment because it is less expensive: If you have $ 2569.37 in hand it would be best to pay the lump sum and invest the remaining $ 74.37 in the stock market.

In September 2011, Penncorp made a lump sum payment to him, which resulted in his being paid for two years until January 2007.

the risk that the other party will harass the bankrupt for payment if the obligation to make the lump sum payment survives; and

Immediate Annuity Plans: An Immediate Annuity Plans is those plans which start paying the annuity right from day one, once the insured makes a lump sum payment.

In the past year, 38 per cent of Canadians took actions to help accelerate their repayments, including making lump sum payments, increasing the frequency of repayment or increasing the amount of each payment.

* Twenty - two per cent of mortgage borrowers increased their payments during the past year, 18 per cent made a lump sum payment, nine per cent did both and 27 per cent who renewed increased their payments;

This is an interesting idea to save the money in CDâ $ ™ s or savings, then make lump sum payments on the debt.

Canadian homeowners are comfortable with their current mortgage, focusing on reducing their mortgage faster by making lump sum payments, reducing amortization periods and refinancing with lower interest rates, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP).

Pay off your mortgage faster by once a year increasing your payments up to 10 % and making a lump sum payment of up to 10 %

«And if they come under, you can either make a lump sum payment to your mortgage, you can keep it as an emergency fund, or you can help cover repairs or renovations down the road.»

As a further note, I'm asking this now because I plan to make a lump sum payment into the loan from my tax refund, but have held off on doing so until I know whether or not it would be wise.

By following the advice in my book — paying your mortgage as if rates are already higher, making lump sum payments with found money, and paying your mortgage on an accelerated payment schedule — you can use low interest rates to your advantage and be in good financial shape to handle a rate hike or two whenever it happens.

For higher balances, using your nest egg to make a lump sum payment could leave you in a lurch if an emergency occurs and you don't have a line of credit on your home.

Unlike purchase arrangements at other carriers, Sprint's leases require the customer to turn their iPhone in at the end of the 18 - month term or make a lump sum payment (customers can also upgrade their phone after 12 months).

Some 18 per cent of respondents said they had increased their payments in the past year and 16 per cent said they had made lump sum payments.

Before this six month mark, you have the option to make a lump sum payment to repay all the deferred interest that has accrued as a student.

If you plan to make a lump sum payment, contact your lender and get the loan payoff for the date on which you expect to pay.

And by putting that cash to use paying down your student loans over the course of the year (instead of waiting and making a lump sum payment all at once come tax season) you'll save even more money by slashing away at the principal.

According to Canada Mortgage and Housing Corporation (CMCH), «27 % of recent homebuyers have either made a lump sum payment or increased their regular payment.»

The time you spend in the Peace Corp will count only if you 1) do not choose to get an economic hardship deferment and make scheduled payments during your service or 2) make a lump sum payment on your loan from the Peace Corps transition allowance no later than six months after you receive the allowance.

For this feature to work, the bank will ask you make lump sum payments or pay a little more each month by increasing your regular payments.

Whether you wish to make a lump sum payment, which you can arrange to be made directly through your pre-authorized account, or increase your instalment amount, simply contact us via phone, fax, or e-mail.

I wouldn't like to make a lump sum payment and then sell off the Alabama home.

Increase your payments by 10 % and make a lump sum payment of 10 % each year to get to the finish line sooner

Borrowers can make additional monthly payments, or make lump sum payments by simply calling an MCAP Customer Service Specialist at 1-800-265-2624.

Lump - Sum Reduction: Making a lump sum payment on your mortgage?

An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments, and in return, you get access to a variety of potential benefits only an annuity can provide.