Sentences with phrase «usually lump sum loans»

Not exact matches

With an installment personal loan, a borrower receives the money in one lump sum and then repays it in regular (usually monthly) smaller payments.

Personal loans give you a lump sum of money to be repaid over a fixed term, usually between one and seven years.

Personal loans are fixed: You receive a lump sum of money, and you must pay it off in installments by a set date, usually a few years.

Although these plans also place an additional mortgage on your home, second mortgage money usually is loaned in a lump sum, rather than in a series of advances made available by writing checks on an account.

These types of loans are dispensed by a lender in one lump sum, and then paid back over time in what are usually monthly payments.

Terms usually range anywhere from two to five years, and with an unsecured personal loan, the borrower receives a lump sum.

Most borrowers elect to make a payment each time that they get paid, which is usually easier than paying the entire loan off with one lump sum, like with traditional payday advance loans.

Term loans are monetary loans that are usually disbursed in one lump sum and repaid in regular payments over a set period of time.

A business loan resembles a mortgage, in that the borrower receives a lump sum and then repays principal and interest periodically, usually monthly — although some commercial lenders offer more frequent repayments.

Your payment may go up after an introductory period, so that you would be paying down some of the principal — or you may end up owing a «balloon» payment, a lump sum usually due at the end of a loan.

Traditional fixed - term business loan comes in a lump sum that you have a set amount of time to pay off, usually in monthly repayments.

A loan is also usually given to the borrower in one lump sum, up front and can be used as needed to make large purchases or pay off other debt.

A home equity loan usually has the same repayment period, but you're advanced the lump sum immediately.

If you take out a home equity loan, you'll receive a one - time lump sum of cash that you then pay back over a set amount of time, usually 10 or 15 years.

The biggest advantage of a first mortgage is that low interests are charged and the loan is usually a lump sum as lenders are in this case confident there will be gains.

A home equity loan is usually a fixed - rate loan distributed in one lump sum, with terms that range from 5 to 30 years.

However, this is not the case with payday loans as it usually requires payment in one lump sum once you receive the paycheck.

Balloon loans are short - term fixed rate loans that have fixed monthly payments based usually upon a 30 - year fully amortizing schedule and a lump sum payment at the end of its term.

Personal loans give you a lump sum of money to be repaid over a fixed term, usually between one and seven years.

A home equity loan, sometimes referred to as a second mortgage loan, usually allows you to borrow a lump sum against your current home equity for a fixed rate over fixed period of time.

An Iver Capital payday loan debt settlement is a negotiation made between the party who borrowed the money and the payday lender that the borrower will pay back a (usually greatly) reduced amount of the total debt in a lump sum or over a period of time.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

A lump sum is usually paid at closing to purchase or refinance the property, with the rest of the loan paid as you reach construction milestones.