Sentences with phrase «against the borrower because»

The business deductions count against the borrower because mortgage eligibility is based on net income.

The trial court nevertheless entered judgment in favor of the servicer and against the borrower because she could not prove actual damages, as required by 12 U.S.C. s2605 (f)(1)(A).

Not exact matches

Home equity loans are sometimes referred to as «second mortgages» because they are also secured against the value of the borrower's home or property.

But people who are against the laws say that yanking a borrower's license or certificate will essentially guarantee they won't be able to pay off their loans because they won't have the ability to earn a paycheck without their credentials.

A secured loan, on the other hand, presents less of a risk to the lender because it is secured against a piece of valuable property — generally a house — that can be seized should a borrower fail to pay.

Though they require as little as 3.5 percent down, the FHA loans are also more expensive because they require borrowers to pay steep insurance payments to protect against a default.

That's not only because the borrower who has substantial skin in the game is unlikely to hand back the keys if finances get tough, but also because a large down payment protects the lender against sinking real estate values.

When repeated court judgments are placed against the borrower for wage garnishment, the employer could potentially fire the employee because of concern that the lack of credit could translate into an issue of character.

ASIC has taken action against Cash Converters because they failed to make reasonable inquiries into borrowers» income and expenses and signed people up for loans that were unsuitable for them.

But we must also consider the possibility that because borrowers are largely unprotected against potentially predatory lenders, these complaints are valid — and may be a sign of a coming scandal.

However, these may be more beneficial in the long run for the borrower than an official foreclosure action because it has less of a long - term impact on their credit history (the bank may also waive any deficiency against the borrower).

Note that a loan provider who practices lock abuse will not post complete prices on its website, because that would enable a borrower whose price was being locked to compare the lock price against the current quoted price on the same transaction.