Sentences with phrase «as collateral for the loan»

With whole life, your policy will build cash value which you can use as collateral for a loan from the insurance company.

Remember that the property serves as collateral for the loan.

The term «secured debt» applies when you give the lender a mortgage, deed of trust or lien on property as collateral for a loan.

We mentioned a couple stories at the outset about how people have used their policy's cash value as collateral for a loan from life insurance to help fund their dream business.

An unsecured debt is one that has no security against it (you have not used assets as collateral for the loan).

You are an owner of a vehicle and can provide clear vehicle title as collateral for loan.

Because the insurance company uses your cash value account as collateral for a loan, there is no lengthy application process or credit checks.

Because your policy's cash value acts as collateral for the loan, you can use the money for anything from household bills to a vacation.

We simply hold the title of your vehicle as collateral for your loan.

At the same time, home equity lines of credit require you to use your home as collateral for the loan.

The money grows over time and the policyholder can use the money as collateral for a loan from the insurer if he or she needs to get access to cash in a hurry.

They specialize in larger loans; you can use your car as collateral for a loan for up to $ 50,000.

Others who go for a no exam policy are the ones who need life insurance as a collateral for a loan and don't have 4 to 6 weeks to wait for an approval.

Also, if you use your house as collateral for the loan and then default on the loan, you could lose your home.

Investors can use their stock holdings as collateral for a loan.

A lender will not be able to place their own lien on the car as collateral for the loan if a lien is in place.

Now you need a life insurance policy as collateral for the loan before you can close the deal?

For extended financing, banks normally require assets of the business to be posted as collateral for the loan.

Title loans, though uncommon, are loans that require an individual to surrender the title of their vehicle or boat as collateral for the loan they take out from a lender.

Most people who visited store front lenders for high risk personal loans had only their household furniture, appliances and clothing and that was accepted as collateral for a loan.

Secured loans use either a savings account or a CD as collateral for the loan.

Most hard money lenders want to use real estate as the collateral for the loan.

The equipment that you purchase works as collateral for your loan, which means that you won't usually have to put up additional collateral.

You can either cash in the investment and use that money for the down payment, or you can use the investment as collateral for the loan.

There are several forms of financing that utilize a firm's inventory as collateral for a loan.

Signature loans work by putting in your signature as collateral for the loan instead of an asset.

Your business may not have assets to be placed as collateral for the loan.

For this type of business financing, lenders provide you funds and use your future expected cash flow as collateral for the loan.

A car title loan is a secured loan that uses an item as collateral for the loan.

Using a house you are renting as collateral for another loan?

Specifically, it looks at the value of your assets outside of anything you may have listed as collateral for your loan.

Similar to the cash values in a life insurance policy, bond owners may use municipal bonds as collateral for loans without any adverse income tax consequences.

As an asset, this note can then be used as collateral for a loan with a private - money investor; this is known as a collateral assignment of note and mortgage.

Reduce the cost of borrowing by continuing to earn dividends while your savings account serves as collateral for your loan.

Financial institutions don't give loans for startup costs or the value of intellectual property unless an entrepreneur pledges personal assets as collateral for loan.

Car title loans are loans that use the borrower's vehicle title as collateral for the loan.

So if you're using your savings account as collateral for a loan, understand that those funds will not be available for emergencies or other expenses during the life of the loan.

At the heart of the differences is that auto loans are secured loans, and the vehicle you purchase acts as the collateral for the loan.

If you use a home equity line of credit to pay off credit card debt, you are using your home as collateral for that loan.

You can use any form of property as collateral for your loan.

It is simply, a short term loan that uses the money you've paid into your vehicle as collateral for a loan.

Lenders may require homeowners to take out hazard insurance if the homeowner uses his house as collateral for a loan, in case some kind of disaster destroys or decreases its value.

Our team is always ready to explain the process of using your car as collateral for a loan.

In our case, the borrower gives to the lender an amount of money to hold as collateral for the loan he or she receives in bitcoin.

The loan policy holder, must always make sure that the life insurance company is aware of and will allow the use of the policy as collateral for a loan.

The owner of the policy has a contractual right to borrow from the insurer, using your cash value as collateral for the loan, for anything you want to use the loan for.

For extended financing, banks normally require assets of the business to be posted as collateral for the loan.