Sentences with phrase «to pay off one's loan in full»

If you only pay the minimum monthly repayment recommended by the credit provider, you won't pay off the loan in full within the interest - free period.

A balloon payment means that the borrower has to pay off the loan in full after a certain period of time.

The borrower pays off the loan in full if the property is sold or the borrower dies.

With a credit - builder loan, your loan money is put into an account that you can't access until you finish paying off the loan in full.

- You must pay off the loan in full before you're allowed to sell the car.

These are generalized loans and they are not given on the basis of financial need, so you will be expected to pay off the loan in full eventually.

Besides paying off your loan in full, there is nothing that the average student can do to prevent your debt from being included.

I was actually planning to pay off the loan in full with a conventional loan... or I guess a refinance is actually what I would be doing.

While the insurance settlement check will be payable to both the borrower and the lender, the lender controls the payout until the borrower pays off the loan in full.

Many ARMs have a prepayment penalty attached, meaning you can not pay off your loan in full for the number of years specified in your agreement.

For example, if the interest rate on a $ 1,000 loan is 5 percent per year, and you want to pay off the loan in full at the end of a year, you would pay $ 1050: the $ 1000 you borrowed, plus $ 50 in interest.

Many of the investors who consider this route seem to be under the impression they can make enough off the cryptocurrency market to pay off the loans in full by the time they are done with school.

While payments under other types of Direct Loan plans, like the 10 - year Standard Repayment Plan, do qualify and count toward your 120 payments, you'll want to switch to an income - driven plan as soon as possible — because if you stick with a standard 10 - year repayment, you'll have paid off your loan in full after 10 years with nothing left to be forgiven under PSLF.

Obviously, a fresh graduate who is just starting out with his or her job can not pay off the loans in full, thus, a good strategy is to consolidate all your existing loans into one manageable account.

If you can not afford to pay off your loan in full, this is the fastest way to get out of default.

Most homebuyers use the proceeds from the sale of the old house to pay off the loan in full.

Short Sale - A short sale is the sale of a home for a price that is less than the amount necessary to pay off the loan in full.

Payoff Amount The payoff amount is the amount required to pay off a loan in full.

Most homebuyers use the proceeds from the sale of the old house to pay off the loan in full.

If the balance is LESS than the home is worth, they would pay off the loan in full and keep any remaining funds from the sale of the home.

Your estate may retain ownership of the property and must pay off the loan in full or the property can be sold to an unrelated party for the lesser of the unpaid mortgage balance or 95 % of appraised value

I have clients who were very close to foreclosure when they were referred to me as they had, unfortunately, wasted a lot of time trying to sell their house for much more than this market will bear so that they could pay off their loan in full.

There is no prepayment charge if you pay off this loan in full or in part early.

APR is roughly measured by taking the original loan size, accounting for closing costs and prepaid items, then estimating how many dollars will have to be paid over the loan's term to pay off the loan in full.

To do that, you might have to think outside the box when it comes to finding more money in your budget, increasing your income, refinancing to save, or looking for creative ways to get someone else to pay off your loans in full or part.

You should contact your old lender and ask a representative for a payoff quote to make sure you send in enough to pay off the loan in full.

Payoff amount: The amount required to pay off the loan in full.

This program allows the borrower to sell their home and pay off the loan in full.

In addition, if you leave your employer, you must pay off the loan in full or face tax penalties.

One unique benefit with First Republic loans is that it gives you back the interest that you paid on your loan up to 2 percent of the original balance of the loan if you pay off your loan in full in four years.

This is a requirement until you pay off the loan in full.

When a realtor, attorney, accountant or title company is approached by a client who is asking for guidance on how to sell their property, but that property's value is less than what it can be sold for to pay off the loan in full, many times they can speak to their specific area of expertise but can not provide the client with the full picture of how a short sale impacts their credit, taxes, future borrowing ability and or future obligation to the mortgage company.

The second stated and eponymous objective is to stabilize communities, by requiring purchasers to service the loans in a manner that stabilizes the surrounding communities by getting the loans to re-perform, renting the home to the borrower, gifting the property to a land bank or paying off the loans in full.