Sentences with phrase «other borrowers left»

Not exact matches

A number of operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders time to bargain with other counterparties using the outside option of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large changes in the structure of money markets nor lost the ability to support interest rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest rate.19

Servicers left borrowers in the lurch — some went out of business, while others saw that they could make more money by foreclosing than by modifying loans.

A Home Equity Conversion Mortgage, also known as the HECM reverse mortgage, is a loan that functions as a federally - insured cash advance on a borrower's home equity, and, while there are other maturity events as well, it is repaid when the last borrower or eligible non-borrowing spouse leaves the home.

Oftentimes, borrowers are left with little choice other than to file bankruptcy.

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 home.

This leaves the borrower with more money from their paychecks to use for other purposes.

Reputation: Go to the lender's site and other resources to check the reviews left by previous borrowers.

I could have left the dealership with a better deal and the experience to tackle other financial decisions with the confidence of knowing where I stand as a borrower.

Other heirs don't have recourse, such as prompting the non-borrowing spouse to leave the home, after the homeowner / borrower has died.

In the cities that topped our ranking for the most affordable cities for recent grads — Dallas, Jacksonville, and Houston — borrowers have more of their income left over after paying their monthly loan and housing bills as compared to the other cities on the list.

If you decide to take out a loan through Chorus Credit, leaving a review of your experience is a good way to let others know how well the company treats its borrowers.

This is notable because many other student loan refinance companies will lend to borrowers who are still in school or who have left school without obtaining a degree.

This worked for the borrowers at the time because it was a husband and wife, the reverse mortgage was not due and payable until the last borrower left the home and they still had other income which made them able to pay some of their existing payment, they were just no longer comfortable at the entire payment.

They offer student loan refinancing (consolidation loans meant to pay off pre-existing loans, leaving a borrower with one new loan, interest rate, and repayment term), in - school MBA loans (private student loans meant to help a borrower cover an MBA program), and other types of loans in all 50 states.

Lenders decide to leave set up costs to borrowers in an attempt to mitigate the risk of loaning to people with poor credit among other issues that could lead to non-payment.

Other borrowers may wish to leave an inheritance for their family.

The VA loan program does more than others to look out for borrowers» best interests by making sure they have enough money left to live on once their bills are paid.

Following the deduction of the upfront fees and the payoff of the existing mortgage (a Reverse Mortgage borrower must always pay off any existing mortgages and other liens against the home), the borrower in our Reverse Mortgage example is left with the following amounts available in the form of lump sum cash or line of credit.

With less players in the space and more ambiguity in terms of asset profile, it leaves the opportunity for brokers to offer a high level of service to their client, do minimal amount of legwork from a broker standpoint, and still get paid a premium that would traditionally be ground down by the borrower / lender network in other more mainstream asset classes.

The guidelines do provide for a two - year period under extenuating circumstances, which are a sudden, drastic and prolonged drop in income that left the borrower with no other reasonable option but to default on the mortgage.

When this borrower's father passed away and the office condo property was left in a trust, he was looking to buy out his other 3 siblings.