Sentences with phrase «against the borrower rather»
The opposite of secured debt / loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may only satisfy the debt against the borrower rather than the borrower's collateral and the borrower.
https://en.wikipedia.org/ Not exact matches
The borrower does not relinquish ownership using a reverse mortgage loan, but rather, borrows against the value of the home's equity.
The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loans.
The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan.