Sentences with phrase «is our loan requiring»

Is our loan requiring to include all debts from our husband / wife even though he / she will not be in the loan?

Not exact matches

This rule, known as «Know Before You Owe,» requires lenders to provide simplified details on mortgages to homebuyers to help them shop for a loan that's right for them.

As these lenders are compelled to become increasingly selective about who is approved for home loans, desperate borrowers will seek mortgages from unregulated firms that aren't required to take out federal mortgage insurance.

The big question now is whether the borrowers turned away by traditional lenders because of the stricter rules will just abandon or delay their home - buying dreams, or seek out more expensive loans issued by the private lenders that are neither regulated nor required to carry mortgage insurance.

A well written business plan stating the nature of the business, funds required, budget allocation, future projections and profitability should be accompanied with the loan application.

The loan process at a bank or credit union typically requires lots of documentation and is usually a slow process.

What's more, to qualify for most bank loans, your company will need to have been in business for at least one to two years and meet annual revenue requirements — to name just some of the criteria required.

This 20 percent rule was started by the Small Business Administration, which requires a personal guarantee from all owners with at least 20 percent ownership applying for an SBA - backed loan.

Instead, Canada's population growth should help to fill units, and banking regulations requiring that a certain number of units be pre-sold before loans are issued will stem the tide of any danger imposed by overbuilding.

However, many of these loans still require collateral and it's important to understand what that is and how it can affect your assets before applying for an SBA loan.

New rules on payday lending from the Consumer Financial Protection Bureau require an upfront test to determine if borrowers will be able to afford to repay the loan.

A loan must benefit the health of the firm, so making sure that's the case requires careful analysis and scrutiny.

The fund disclosed this month it is not in compliance with one of its debt covenants, and reported there is «significant doubt» it can repay the $ 65.6 - million loan as required by Dec. 31.

All students who take out federal loans are required to complete entrance and exit counseling.

As the U.S. economy picks up steam, companies will require loans for expansion, hiring and other expenditures, Klock says, and BMO should be able to pick up some of that business.

And financing tools like those offered from Capital Access Network require sophisticated accounting because, technically, the cash is not a loan, but a form of accelerated sale.

Debt: Getting a bank loan is a straightforward process, although it can require time to gather documents and prepare the loan application.

What they did: Many entrepreneurs gnash their teeth at the paperwork required for a bank loan — especially if they are rejected and have to start all over at another institution.

The offer might prove too tempting to someone who might otherwise never take out an auto - title loan, said the regulator in a bulletin to lenders: «This business model could also be perceived as a deceptive practice because it appears calculated to bring the consumer into the store with the promise of one product, but later effectively requires the consumer to go to another location to purchase another product.»

Under the loan scheme, fee - paying students will not be required to repay a fees loan until they begin earning an annual $ 30,000.

Pro: Since the loan is secured against an asset, no credit check is required and the credit agencies are not informed about the transaction.

Those who are consolidating large loan amounts that will require more than 10 years to repay should consider a fixed rate loan.

VA mortgages are known for not requiring a down payment, but putting some money toward your loan reduces the VA funding fee.

In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, NMG will be required to eliminate such excess within a limited period of time.

Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

For certain types of federal student loans, a period of time after you graduate, leave school, or drop below half - time enrollment when you are not required to make payments.

Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian currency that have been inactive for a period of 10 years.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of credit.

In addition, we are required to pay a commitment fee in respect of unused commitments of (a) 0.375 % per annum during any applicable period in which the average revolving loan utilization is 40 % or more or (b) 0.50 % per annum during any applicable period in which the average revolving loan utilization is less than 40 %.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

The House Committee on Banking, Finance, and Urban Affairs defined this risk as «the difference between the rate that the guaranteed loans carry and the rate that Chrysler would be required to pay if the loans were obtained without the federal guarantees.»

If you were offered federal loans and want to accept them, you must go online and activate them (although some schools may require you to fill out a paper form).

In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, we will be required to eliminate such excess within a limited period of time.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

For SBA loan products, SBA eligibility is also required.

Sometimes, a borrower might be required to pay an origination fee outright, with cash, instead of from the loaned amount.

Another 15 percent or so is earmarked to pay other debts: student loans to get the education required for middle class employment, auto loans to drive to work (from the urban sprawl promoted by tax shifts favoring real estate «developers»), credit card debt, personal loans and retail credit.

39 The Federal Home Loan Banks (FHLBs) are one type of institution that requires this feature for some of their cash holdings.

The 0 percent down payment required for a VA - backed loan is hard to beat (though there is an upfront fee of 2.15 percent or 3.3 percent of the loan amount that can be rolled into the mortgage.)

For extended financing, banks normally require assets of the business to be posted as collateral for the loan.

A lender will normally require that long - term loans be secured by the assets to be purchased.

«Lenders like loans that don't require a lot of work, that don't require scrutiny, that are plain vanilla if at all possible,» said Guy Cecala, publisher of Inside Mortgage Finance.

This type of automatic payment is also good for borrowers because, among other things, it has the potential to help a small business eliminate cash flow lumpiness by making more frequent and smaller debits on a daily or weekly basis as opposed to requiring a large loan payment on a monthly basis — although that is not the only benefit to small business owners.

Traditional business loans are often made for as long as 10 years and require mountains of documentation and financial statements.

You may be required to supply additional information related to the specific loan purpose.

Frank also criticized a provision in the bill that he said weakens anti-discrimination standards in housing by raising the number of loans a bank can make before it's required to report on the issue.

Although most business owners don't make the entrepreneurial leap because they are financing experts, it's important to understand what's required so you can find the best loan for your business» situation.

The advantage of a loan with PMI is that once you have 20 percent equity, your lender is required to drop the insurance.

Most college students will be required to have a cosigner in order to qualify for a private student loan.