paying in installments; the installment plan
Mortgage EMI Sleeping Period offers mortgage borrowers a break from making mortgage EMI payments, It allows borrowers to utilize their EMI payments for other emergencies. Mortgage EMI Sleeping Period can be a huge relief to borrowers presently as the interest rates have been increasing.
No, it won't hurt your credit. In fact it will improve your score.
Staggered Payments, are Part-Payments over a period of time. For eg: A has to pay USD1,00,000.00. Instead of paying the complete amount at one time, he may opt to pay USD10,000/- every month. However, it is important for both the parties to draw a Legal Contract.
Annuity is the period of time allocating to make payments. The payments can be made at the begining or at the at of the period of time.
Borrowers who enter the repayment period on their student loans, but have trouble affording their payments have an option. The federal loan service allows borrowers to make payments on their student loans based on their income. Borrowers must submit records of their income to qualify for income-contingent payments. The lender will evaluate the borrowers' income and set their payment amount accordingly. Borrowers still accrue interest during the period of time that they are making income-contingent payments. However, borrowers may still save money by making these lower payments if they do so in a timely manner, thereby avoiding earning late fees or defaulting on payments.
It's just what it sounds like. This would be a method of cancelling a policy and receiving the accumulated funds for a period of time instead of all at once.
The bank has to successfully file to foreclose your home. You still have a period to redeem your house by making payments before the sale.
Mortgage payments are typically paid monthly, making 12 payments per year. However, if one extra payment is made each year, thousands could be saved in interest alone and the loan repayment period shortened by years. One easy way to accomplish this is by changing the frequency of payments. Instead of making one payment a month, pay half the monthly amount every two weeks. Another option is to pay a small additional amount over the monthly payment every month that equals approximately 1/12th of the monthly payment. By the end of 12 months, an extra payment will be completed.
installments
Any expense that does not change from period to period, such as loan payments.
With this option, the insurer pays annuity income benefits for a specified period of time (e.g., 10 or 20 years). The stated period over which the insurer will make the benefit payments is called the period certain. Even if the annuitant dies during this period, it will not affect the income benefit payments. When the period certain ends, so do the payments.
At the discretion of the lender, a house can be foreclosed after a period of missing payments.