Sentences with phrase «as the borrower continues»

As long as the borrowers continue living in the home as their primary residence and remain current on all loan obligations (including paying the taxes and insurance and keeping up home maintenance), the loan balance will not become due and payable.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

A reverse mortgage is a home loan available to seniors aged 62 and older that does not have to be repaid as long as the borrower continues living in the mortgaged home.

The loan will not become due as long as the borrower continues to meet loan obligations such as living in the home as their primary residence, maintaining the home according to the FHA requirements, and paying property taxes and homeowners insurance.

So Long As the borrower continues to maintain residence within the residence, he or she continues to be eligible for the monthly repayments obtained via the reverse Personal Loan.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1

Not exact matches

Until a notification is received that the loan consolidation request has been approved, borrowers should continue to make their payments as usual to their existing loans.

Over 5 million federal borrowers have enrolled in IDR plans, with more enrolling all the time as awareness of these options continues to grow.

And as that credit continues to improve a bank or lender will continue to see you as an even «better borrower» than you were before.

As long as rental income from the property is not used to qualify and the borrower continues to occupy the property as their second home, it is not considered «rental property» and the loan is eligible as a second homAs long as rental income from the property is not used to qualify and the borrower continues to occupy the property as their second home, it is not considered «rental property» and the loan is eligible as a second homas rental income from the property is not used to qualify and the borrower continues to occupy the property as their second home, it is not considered «rental property» and the loan is eligible as a second homas their second home, it is not considered «rental property» and the loan is eligible as a second homas a second home.

In addition to the concern about lenders» strong incentives to offer predatory loans, they argue that such «teaser» payment loans have the risk of boosting housing bubbles as they are popular with both borrowers and lenders, who expect housing prices to continue to rise during bubbles.

The FHA will continue to collect insurance premiums from borrowers during a shutdown as well.

1 Borrowers must still live in the home as their primary residence, continue to pay required property taxes, homeowners insurance, and maintain the home according to FHA requirements.

A financial institution will approve a borrower for up to a set amount and the borrower has full use of the funds as long as they don't overdraw the account and continue to meet their monthly payments.

Oftentimes when a borrower has a completely clean slate (and renewed credit line) with their credit cards, as is the case after consolidation, they tend to continue charging onto the card and incurring more debt!

As an FHA loan, there is insurance required for two reasons: to protect the lender in case of borrower default and to ensure that the borrower continues to receive payments for the duration of the loan no matter what happens to the lender.

Borrowers must continue to pay taxes, insurance, and home maintenance, as well as comply with loan terms.

«We are continuing to see borrowers take advantage of the lower interest rates as the refinance percentage increased to 39 percent of total loans in the month,» Corr said.

However, as P2P lending flourishes and becomes increasingly mainstream, websites that offer it will continue to grow and opportunities for both investors and borrowers are sure to continue.

As long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the homAs long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the homas they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the home.

Since then, the number of borrowers has grown to 431,853 as of June 30, 2016 with enrollment growth continuing to increase.

Universities are being forced to litigate against their student loan borrowers as borrower default rates continue to rise.

On the other hand, this means that as a borrower you may rack up debt that then continues to expand because of interest rates that are much higher than normal.

It is no secret that student loan debt is a HUGE problem as it continues to consume borrowers.

The Federal Trade Commission (FTC) states that these borrowers should continue to pay their mortgage loan payments as usual.

Hopefully, as these comments continue to shed light on issues student loan borrowers face, we'll start to see some change in the industry.

The purpose of this rule is to ensure that borrowers have the financial capability to fulfill their loan obligations, such as continuing to pay property taxes and home insurance.

As the personal loan marketplace continues to thrive, borrowers have ample options for securing the funding they need for their unique financial needs.

Borrowers with reverse mortgages must continue to pay all property charges such as property taxes, hazard insurance and HOA dues (if any).

You must continue to live in your home and are financially responsible for it Reverse mortgages require the borrower (s) to live in the home as their primary residence, continue to pay for homeowners insurance and property taxes, and maintain the house in accordance with FHA guidelines.

The vicious cycle can continue as the borrower realizes they gave away most of their income paying back the loan and fnd once again they are in need of extra cash.

With these plans, the borrower must maintain the home as a permanent residence, continue to pay property taxes and home insurance, and keep up basic home maintenance.

A reverse mortgage requires borrowers to continue occupying the home as their primary residence.

Additionally, at least one of the borrowers on the FHA home loan must sign a security instrument stating he or she will establish the home as a principal residence within 60 days of signing, and continue this occupancy for at least one year.

The agency helped revive the housing market after the most recent financial crisis by continuing to offer loans to borrowers with down payments as low as 3.5 percent and looser FHA requirements.

Borrowers must continue to pay property taxes, homeowner's insurance, and home maintenance as well as comply with loan terms in order to avoid foreclosure.

Over time, borrowers might see higher mortgage rates as the Fed continues to increase short - term rates and shrink its balance sheet, Fratantoni said.

It is critical... that borrowers who pursue rehabilitation understand that it can only be successfully completed once and, as such, may not be the most suitable option for borrowers who may not be able to continue to meet their monthly payment obligations once they return to current status.

A reverse mortgage loan typically does not require repayment for as long as the borrower (s) continues to live in the home as the primary residence, pays property taxes and insurance, and maintains the home according to the Federal Housing Administration (FHA) requirements, or until the last homeowner has passed away or has moved out of the property.

As a small family owned business First Imperial Mortgage has been able to respond quickly to Dodd - Frank by making the changes necessary to help our borrowers continue to purchase property.

The long - running slide in mortgage payments 60 or more days past due will continue next year, and perhaps even longer as borrowers benefit from favorable economic conditions.

Axis Bank home loans also reward the borrowers by offering attractive rewards points — known as eDGE loyalty points — from the time that the loan is availed of, and continues on each anniversary of the loan until loan closure.

Ultimately a direct endorsed underwriter must sign off on mortgage refinance loans for bad credit, but the Federal Housing Administration continues to make exceptions for borrowers with credit scores as low as 500.

Borrowers must continue to meet ongoing property obligations such as homeowner's insurance and property tax payments.

As unemployment continues to hover near 10 percent, a large number of borrowers find themselves struggling with financial problems.

As the nation's housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro announced today the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent.

Originally designed as a small program to help low - income borrowers, it has gone from having 25,000 people enrolled in 2012 to 431,000 today with enrollment continuing to increase.

This may be dependent on the borrower maintaining repayments, but as a business, the lender must continue to lend - even at such risk.

It does seem as though they are poised to continue moving higher in the near - term so borrowers will likely get the better deal by taking action... View Article