Sentences with phrase «to pay off old loans»

The issuer of the new mortgage pays off the old loan with the proceeds from the new loan so everyone is square.

When refinancing, a new lender pays off your old loan (s) and gives you a new one with new terms.

You're technically applying for a new loan at a new servicer, who will then pay off your old loan at your old servicer.

Many borrowers get around such laws by paying off older loans and taking out new ones.

If you're refinancing your student loan with a new lender, then the new lender effectively pays off your old loan for you.

In fact, the student loan refinancing companies make this easy because they'll pay off your old loans through the process of getting your new one.

The lender reviewing your application will use this information to pull your credit file, and eventually pay off your old loans.

This new loan is used to pay off the old loans leaving you with just one bill to worry about every month.

As previously mentioned, refinancing is the process of obtaining a brand new loan with a lower interest rate and paying off your old loan with a higher interest rate.

The new lender pays off your old loans and gives you a new one, typically with a lower interest rate.

Typically, you can refinance both your federal and private student loans, which involves paying off your old loan and obtaining a new one, with different repayment terms and (hopefully) a better interest rate.

Confirm the new loan will pay off the old loan in time or make the payment and expect a refund.

In both cases, the borrower receives a new loan for the collective sum of the previous loans; this new loan pays off the old loans, leaving the borrower with their debt under whoever issued the loan.

Once the new loan is approved, Earnest pays off your old loans within 10 days.

With a refinance, your bank actually pays off the old loan by issuing you a new loan; thereby, eliminating your ex-spouse's liability on the original loan and replacing it with a loan in your name only.

These suits allege various violations, including automatic extensions of the loans and rolling the loans over by paying off an old loan with proceeds from a new one, as well as a failure to be licensed in the state.

If you consolidate your loans, you are effectively paying off your old loans and replacing it with a combined loan from a single new lender.

When you refinance your student loans, a new private lender pays off your old loans and gives you a new one with a new interest rate or new repayment term.

Pay off the old loan and have $ 40,000 left in cash.

Refinancing is when you pay off your old loan, or loans, by taking out a new loan — typically at a lower interest rate.

With a private consolidation loan, a private lender writes a new loan that pays off the old loans.

Once you are approved for a refinanced student loan, you'll learn about your new interest rate, and you'll receive the proceeds of your new refinance loan, paying off your old loans.

This new loan will be used to pay off the old loans, and then the borrower will be obligated to make payments on the new loan.

Since there's more than enough money to pay off your old loan, you receive the remainder in a lump sum.

When you refinance your loans, your new lender will pay off your old loans, then issue a new loan to you personally.

This could help you pay off an old loan and leave money over for renovations, expansions or updating the house with new appliances and equipment.

You simply get a new loan from a student loan refinancing company, and use the money from that loan to pay off the old loan.

If you're approved, Laurel Road will pay off your old loans with the new one.

Once your application is approved and you accept the new loan, we pay off your old loans and you're refinanced!

The new lender will pay off your old loan.

I've read one might be eligible if they've paid off old loans.

When you consolidate existing debts, you take out a new loan to pay off your old loans.

In this case, a private lender will pay off your old loans and issue you a new private student loan with new terms.

When you refinance your student loan, you're taking out a brand new loan, that pays off your old loan.

For one, there generally aren't any penalties for paying an auto loan off early, so refinancing — in which the new lender pays off your old loan and begins a new one to cover the costs — will have a minimal impact on your outstanding balance.

Since there's more than enough money to pay off your old loan, you receive the remainder in a lump sum.

Student loan refinancing or student loan consolidation is the process in which you take out a new loan to pay off your old loans.

This new loan will be used to pay off the old loans, and then the borrower will be obligated to make payments on the new loan.

Your new creditor will pay off your old loan.

When you take out a new loan with a lower interest rate, you can pay off the old loan, getting rid of that higher accumulating interest.

This means a new interest rate and repayment term on a completely new loan, which was used to pay off the old loans.

Refinancing is when a private lender pays off your old loans and gives you new loans at potentially lower interest rates.

However, the process is different in that you take out a new loan that pays off your old loans.

This new loan will be used to pay off the old loans, and then the borrower will be obligated...

When you refinance your loan, you basically get a new loan at a new provider while they pay off your old loan at your old provider; you then pay the new provider for the new loan.

A consolidation loan is a new loan that pays off the old loans, and so will be available to the borrower only if the dispute has been resolved.

However, the process is different than consolidation, in that you take out a new loan that pays off your old loans.

Once you are approved for a refinanced student loan, you'll learn about your new interest rate, and you'll receive the proceeds of your new refinance loan, paying off your old loans.

Since refinancing involves taking out a new loan to pay off the old loan, they would be paying off the loan you cosigned and moving forward with a new loan by themselves.