✓ What
type of payment plan do you offer and what do your fees include?
Not exact matches
Private lenders, however, don't offer these
types of payment plans.
Private lenders, however, don't offer these
types of payment plans.
The time period is usually for 5 to 10 years, and this
type of mortgage is good for buyers who
do not
plan to live in the home for the full term
of the loan or
plan to refinance the loan before the balloon
payment is due.
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 P
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 P
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.
Now the question is — if you prefer such a
payment type then you must like to
plan things ahead
of time —
Do you really have a
plan?
If you are going to require
payment plans, we don't recommend this
type of product at all because a life insurance policy would be better.
If there's a chance your financial situation will change and you don't have a backup
plan to keep making your
payments until you're back on track, this
type of policy is a pretty big risk.