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Depends on the balance, repayment term, and interest rate.
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∙ 16y ago
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What are the drawbacks of a no closing cost home equity loan?
One of the ways that someone can avoid paying closing costs on a home equity loan is to have the costs added to the loan amount. The drawback to this is that the length of the loan may be longer and the monthly payments may be higher.
Which of thses describes the cost and benefit of taking a college loan?
College loans help increase future earning power, but result in a long term commitment to monthly payments.
What is the monthly payments for my loan?
Based on the information you provided, your monthly payment would be $525 a month. You will pay approximately $1,471 in interest over the course of the loan, so you may want to consider paying a little extra, if possible, each month to lower your overall cost.
If you get set up with monthly payments to pay off a defaulted loan can you get a loan to go to school while your paying it?
yes
Isn't paying no interest loan by paying monthly due amount better than paying in full in term of improving credit score by having good payment history?
Making monthly payments on a no interest loan is way better than paying it off in full if you are looking to improve your credit score.
What is the average cost of monthly mortgage in US for 2008?
depends on your loan
What is the purpose of a private student loan?
a student loan is to help you with your college fees or to move and buy stuff for you new accomadation when you move to a new college you can get a loan over the period your in college and pay back at monthly instalments
How do you get a home loan with low income?
By offering low cost housing and low financing interest, and 35% of their monthly income will be the payment of monthly basis of the home loan.
Where can one calculate the true cost of a loan?
There are many places which will allow you to calculate how much a loan will cost you. Most of the time, the loan provider will give you documentation with how much the actual loan will cost you considering the loan's interest rate and the monthly payments you have chosen.
Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?
Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
What is a payment calculator loan?
This Loan Payment Calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty.The loan calculator also assumes that the loan will be repaid in equal monthly installments through standard loan amortization.
Which monthly bill is money spent towards paying off debt?
Money spent towards paying off debt often comes in the form of a monthly credit card bill. A car loan payment is also money spent towards paying off a debt.
