Sentence examples for principal loan from inspiring English sources

If the lender on the first mortgage agreed to forgive some of the principal loan amount, the second-tier lender would have to forgive the same share of its loan as well.

Under the Dodd-Frank financial reform law, the mortgage statement must include information about the principal loan amount, the current interest rate, the date on which the interest rate may next reset, a description of any late payment and penalty fees, information about housing counselors and a telephone number and e-mail address that may be used to contact the mortgage servicer.

Based on the project's financial forecast, the bank can grant a 2 3 years grace period before for principal loan repayment begins.

Make timely monthly payments: Ensure the loan balance never exceeds the principal loan amount.

For example, imagine you have a principal loan amount of $4,000 and you have had it for 4 years.

This equation is basically calculating a small percentage of the principal loan, then multiplying that amount by the number of time periods for which interest is calculated.

For example, if you have make a loan to a friend of $2,000, the principal loaned would be $2,000.

"Unless these are zero-cost, zero-added-principal loans, we really have to look closely at these workouts," says Michael Kratzer, president of FeeDisclosure.com, a Web site intended to help consumers reduce fees on home loans.

New rules put an emphasis on reducing principal (ie, loan balances).

The decline in homeownership and the loss of home equity could have been stanched if Congress and the Obama administration had aggressively pursued efforts to keep financially troubled borrowers in their homes, including bankruptcy reform and principal reduction loan modifications.

And now, after years of aggressive payments, Cyndi and Rick have eliminated around $169,000 of their principal student loan balances.