Sentences with phrase «additional loan standards»

Buying an FHA - approved condo requires home buyers to meet additional loan standards not required for purchasing a detached, single - family home.

Buying an FHA - approved condo requires home buyers to meet additional loan standards not required for purchasing a detached, single - family home.

Not exact matches

A mortgage overlay is an additional mortgage guideline imposed by a lender, which goes beyond the loan's official minimum standard.

On paper, the Nook still looks like a formidable competitor to Amazon's Kindle, with a color touchscreen interface, both broadband and Wi - Fi, a book - loaning feature, compatibility with the ePub e-book standard, and additional clients that Kindle doesn't yet have (Mac and BlackBerry).

(1) That the debtor can not maintain, based on current income and expenses, a minimal standard of living for the debtor and dependents if forced to pay off student loans; (2) that additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans; and (3) that the debtor has made good faith efforts to repay the loans.

For standard 7 (a) loans, the maximum interest rates are based on the Prime Rate plus additional interest charged by the lender.

Once you have an accepted offer, the basic loan underwriting process is fairly standard compared to other mortgage loans, with a few additional items needed:

Given the additional fees and restrictions, you can benefit by getting a standard mortgage rather than a jumbo loan.

If there is some additional level of risk calculated by the lender, and the loan does not conform to the ideal standard, and these are given a letter grade, such as A -, B, C, or D.

After October 4th that will be an additional.90 percent for most FHA borrowers, meaning the effective cost for our borrower will be 5.4 percent — a remarkably cheap loan by historic standards but not 4.5 percent.

There will be an additional.2 % to 1 % on the interest rate of no - cost refinance loans if compared to a standard refinance loan.

First, OSLA provides easy access to standard loan servicing requests online, including the forms necessary to change payment information, a loan's due date, or to make an additional payment to a loan.

As a result of these standards, first - time home buyers with high student loan debt (possibly on top of other obligations, like credit cards and auto loans) can encounter additional hurdles to mortgage approval.

The Brunner test requires the debtor to make a three - part showing in order to prove undue hardship: (1) that the debtor can not maintain, based on current income and expenses, a «minimal standard» of living for herself and her dependents if forced to repay the loans; (2) that additional circumstances exist indicating that this state of affairs is likely to persist for a significant portion of the repayment period of the student loans; and (3) that the debtor has made good faith efforts to repay the loans.

1987): (1) At current income and expense levels, the debtor would not be able to maintain a «minimal standard of living» if required to repay the student loans; (2) additional circumstances indicate that this financial condition is likely to continue for a substantial part of the repayment period; and (3) the debtor has made «good faith efforts to repay the loans.»

There are additional circumstances that exist, which indicate that plaintiff's inability to maintain a minimum standard of living for herself and her dependent is likely to persist for a significant portion of the repayment period of the student loans; and

As well as standard auto insurance, Allstate provides special features for riders who require additional coverage such as lease / loan gap or insurance on after - market upgrades to your ride.

The new program would (i) have no loan - to - value limits, (ii) require an interest rate no more than 40 basis points higher than the prime rate, (iii) waive prepayment penalties, (iv) limit the term to 40 years, and (v) prohibit any additional fees beyond the standard guarantee fee for refinancing a mortgage.

Due to increased appraisal turn - times and significant overhaul to updated loan disclosure forms and regulatory waiting periods, best industry practice is to add 15 days to standard 30 day timelines for non-cash buyers that require mortgage financing (i.e. contractual closing date of approximately 45 days if no additional contingencies or requirements).