Sentences with phrase «after the loan proceeds»

Payments are typically required shortly after the loan proceeds are received.

Not exact matches

After you complete the project, you should be able to obtain a $ 2.5 million mortgage on the property, and use much of the proceeds to pay off the bridge loan, both the principal and interest.

The proceeds of the loans must be used to pay for the education costs within a «reasonable» period of time after you took out the loan.

Even though you can not use the loan to make additional purchases, your credit accounts will remain open and available for use after you have paid their balances off with the loan proceeds.

A FIFA spokesperson said: «After checking the documentation received and the information contained in the international transfer matching system managed by FIFA TMS, the Scottish Football Association was informed today that the envisaged loan deal may proceed.»

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

After final review and approval of the project completion documents, MassCEC will inform the lender to proceed with the final disbursement of the loan amount via a two - party check.

The HECM has ended, and no additional loan proceeds will be provided to the borrower after foreclosure.

[4] After borrowing the amount intended to be invested during the period, the saver invests the loan - proceeds.

NO waiting period after a foreclosure for an FHA Loan if you had NO late payments on ANY mortgage or consumer debt in the 12 - months proceeding the short - sale AND it was NOT a strategic short sale.

After you're gone, your heirs can refinance the loan into a traditional mortgage, sell the home and pocket the proceeds, or simply walk away from the home altogether.

After that, sign the loan agreement and watch the loan proceeds appear in your bank account - as simple as that!

What is the best way to proceed after the loans have been charged off by Navient?

After the title company pays your loan off, it forwards the remaining sale proceeds to you.

If you've included mortgage or auto loan arrears in your bankruptcy, foreclosure or repossession proceeding may restart after your bankruptcy is dismissed.

So I think, it will be better if you can either sell off the house first and pay for the new home with the sale proceeds or else at least fix up the sale after a particular period of time so that you are aware when you may pay off the home equity loan.

We will request documents only after you have (1) received a Loan Estimate and a Home Loan Toolkit, and (2) you have provided us with your verbal or written «intent to proceed» with the mortgage application.

While it might not be the case with all cash advance lenders, it is possible with some Speedy Payday Cash Lenders to meet basic eligibility requirements, complete your application online and after a quick phone call to go over details, sign your documents and get your loan proceeds deposited directly into your bank account within 1 hour.

I recently was asked several questions by someone who contacted me after reading my blog articles about dealing with student loan debt and who is considering filing a personal bankruptcy followed by an Adversary Proceeding (or as we also call it, a complaint) to prove the legal standard of Undue Hardship under Bankruptcy Code 11 USC § 523 (a)(8).

After four months of delinquency for any single payment, your loan will be sold to a debt buyer and any proceeds will be distributed to lenders.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

After we receive and verify the documentation listed above, a NASA Federal Credit Union Lending Representative will contact you to discuss the disbursement of your loan proceeds and create a Loan Agreement for you to sloan proceeds and create a Loan Agreement for you to sLoan Agreement for you to sign.

But then I decided to change jobs, and ended up having to pay back the loan ~ 20 weeks after it was issued (using the proceeds from the sale of the condo).

After you complete the project, you should be able to obtain a $ 2.5 million mortgage on the property, and use much of the proceeds to pay off the bridge loan, both the principal and interest.

Fixed - rate reverse mortgages give borrowers a one - time, «lump - sum» payment at closing of all of their loan proceeds, after the payoff of any mortgages or liens on their property.

On the other hand, if you have a daily repayment schedule, your first payment will likely be due on the next business day after you've accepted the loan proceeds.

When the loan ends (after the borrower has died, sold the house, or moved out of the property for 12 consecutive months), the reverse equity mortgage is repaid using the proceeds from the sale of the house.

If the heirs of the estate intend to sell the home to repay the reverse mortgage loan, they are able to keep any proceeds or profits from the sale of the home after the loan balance has been paid off.

• If the heirs of the estate indeed sell the home to repay the reverse mortgage loan, they are able to keep any proceeds or profits off the sale of the home after the loan balance has been paid off.

When the loan ends (after the borrower has died, sold the house, or moved out of the property for 12 consecutive months), the reverse mortgage is repaid using the proceeds from the sale of the house.

However, you'll still be required to pay off the remaining balance after the creditor sells the car and applies the sale proceeds to the loan, voluntary or otherwise.

After you have decided on a loan amount, the loan is finalized and the proceeds are disbursed to your college or university.

The amount of the loan to the foreign buyer will be the sum of the loan proceeds paid to the exporter shortly after shipment, plus any approved loan and guarantee fees the buyer wishes to finance.

After reopening her Chapter 7 case in April 2014, the debtor filed an adversary proceeding against the DOE to discharge the student loan debt.

Funds are paid directly to the school first to cover remaining costs; after those are covered, any additional loan proceeds will go to you and the student.

The loan and accumulated interest are repaid only after the house is sold or from the proceeds of the homeowner's estate.

After reviewing the loan options, interest rates, and terms, the applicant selects an offer, and then proceeds to the lender's website to complete their application.

When a borrower defaults on a mortgage loan in Virginia, the lender usually has a right to pursue the borrower for a deficiency — the amount still owed on the loan after the net proceeds of the foreclosure sale have been applied to the loan balance.

Proceeds from the life insurance plan can be used to square off loan after your demise.

Monies are typically held after the closing date if the date to obtain a loan has passed but the parties still want to proceed with the transaction.

In fact, if the loan balance is less than the value of the home, then heirs inherit the remaining equity after the loan is paid off from the home's proceeds.

As with any loan product, you want to proceed with a reverse mortgage only after you have determined that it is the right fit for you and your situation.

After you review this, you'll let your lender know if you'd like proceed with this loan.

Then refinance that property after you purchase it and use the loan proceeds to buy your next property outside the 1031.

In case of default, the loan is paid off from the proceeds of the sale of the property, after the first mortgage has been paid off first.

Fortunately for California homeowners, our state has enacted anti-deficiency legislation that prevents lenders from holding a homeowner personally liable and going after his or her personal or other assets if the proceeds from a foreclosure or short sale are not enough to cover the amount of the home loan.

These include construction - only loans with terms of less than two years that do not finance the transfer of title to the consumer and loans secured by vacant land on which a home will not be constructed or placed using the loan proceeds within two years after settlement of the loan.

The Bureau also notes that § 1026.19 (e)(3)(iv)(E) provides the closing costs disclosed on the Loan Estimate are not subject to the limitations on increases under § 1026.19 (e)(3), if the consumer does not express an intent to proceed within 10 business days after the disclosures are provided.

Vornado realized approximately $ 124 million in net proceeds after repaying the existing 5.57 percent, $ 550 million loan and closing costs.