The phrase "eligible borrowers" refers to people who meet certain requirements or conditions to receive a loan or financial assistance from a lender. These individuals are qualified and suitable to borrow money.
Sentences with «eligible borrowers»
The Making Home Affordable program allows eligible borrowers to refinance or modify their mortgage loans, resulting in more affordable payments. (usbank.com)
These plans provide eligible borrowers with lower payments based on income and set timelines for forgiveness of any remaining loan balances. (gao.gov)
Eligible borrowers who do decide to take advantage of the discharge option should be aware that the forgiven debt may be considered taxable income. (marketwatch.com)