Sentences with phrase «as the borrower provides»

This means that the loan is approved — so long as the borrower provides additional, clarifying information.

Not exact matches

The second phase, known as «application and inducement,» requires the potential borrower to fill out an application packet that provides the agency with details of the project costs, the company's financial stability and other information that's traditionally passed between lender and borrower.

This new breed of borrower flocked to online startups such as Pawntique, Pawngo, Borro and Pawn Confidential that provide large loans — some up to $ 1 million — in exchange for items such as jewelry and art.

This kind of financing provides a borrower with revolving credit, allowing you to borrow and pay back that borrowed amount over and over while staying within a maximum, as you would with a credit card.

And, although the SBA, in some instances, doesn't require a borrower to fully collateralize an SBA loan, they will typically require the borrower to provide as much collateral as they have available.

Almost all loans require the borrower to provide collateral as security — usually in the form of personal property.

This learning opportunity provides information about your rights and responsibilities as a borrower.

This means that as long as the PBoC intervenes in the currency, it can not provide debt relief to struggling borrowers, and to the economy overall, by lowering interest rates without setting off potentially destabilizing capital outflows as the interest rate differential narrows.

They are beneficial for lenders who can provide larger loans with lower interest rates as well as for borrowers who are looking for loans with low - interest rates.

At least one owner must provide unlimited full guarantee or sign a note as a borrower.

For instance, the Income - Driven Repayment program sets aside a portion of a borrower's income during repayment, and others such as the Pell Grant program try providing alternatives to student loans

The lender can also provide funds in as fast as one business day, making it a good choice for borrowers who need funding quickly and conveniently.

SBA borrowers must provide extensive information about the business» finances as well as personal information covering owners and shareholders with a stake of at least 20 percent when applying for an SBA loan.

Many lenders will provide offers to borrowers with a credit score as low as 620 if they have an eligible cosigner.

Overall, iHelp is highly regarded as a seasoned company in the student lending space and can provide excellent service and be a valuable resource for student loan borrowers.

As student loan debt has turned into a full - fledged crisis, student loan refinancing companies have emerged to provide relief to student loan borrowers.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Despite the similarities, though, borrowers can usually expect to provide less documentation for a refinance mortgage as compared to a purchase.

Turning to look at the small sub-prime market in Australia, non-conforming housing loans are the closest equivalent to sub-prime loans in the US, being provided to borrowers who do not satisfy the standard lending criteria of mainstream lenders such as those with impaired or incomplete credit histories.

Issuers such as Ezee Credit and Prime Motors of London provide loans to customers who are new divorcees, borrowers poor or no credit exposure, and bankruptcies.

As for home borrowers who paid to lock in their mortgage rate, the bank did not provide figures on the total number of refunds.

Lending Club is where investors, such as yourself, provide loans to borrowers.

As recently as this April, we explained that Congress chose not to roll back the important protections for defrauded student loan borrowers provided by the Department of Education's borrower defense ruleAs recently as this April, we explained that Congress chose not to roll back the important protections for defrauded student loan borrowers provided by the Department of Education's borrower defense ruleas this April, we explained that Congress chose not to roll back the important protections for defrauded student loan borrowers provided by the Department of Education's borrower defense rules.

It is even more relevant to non-bank lenders such as MFIs as they look to operate very very lean, yet provide the best service to their borrowers.

In this way, the scorecards theoretically 1) minimize Root Capital's risk as a lender; 2) ensure the alignment of missions between borrower and lender; and 3) provide opportunity to measure how specific social and environmental investments and programs can create financially beneficial relationships throughout the supply chain.

(ii) within such period as may be specified in the guarantee or related agreements, the Secretary shall pay to the holder of the guarantee, to the extent provided under subsection (a)(2), the unpaid interest on, and unpaid principal of the portion of guaranteed portion of the mortgage with respect to which the borrower has defaulted, unless the Secretary finds that there was no default by the borrower in the payment of interest or principal or that the default has been remedied.

By acting as a partial guarantor or «co-signer» for the school's lease or loan payment obligations, IBBF is used to induce, leverage and partially secure funding from private capital investors and traditional banking sources (landlords and lenders) to provide a 100 percent financed facility at an affordable cost to the charter school borrower.

The DOT will require the borrower to provide copies of the bond or loan documents, as applicable, and other agreements material to the flow of funds or to the DOT's security for its review of the project's creditworthiness.

Accordingly, borrowers will be required to covenant in the credit agreement to provide ongoing financial and project information not only during construction, but so long as any Bureau credit instrument is outstanding and / or until any debt obligation to the Federal Government is fully repaid.

This section of the TIFIA website provides several guideline publications and loan document templates, as well as the necessary application materials for prospective applicants and borrowers.

Based on the data provided by FICO, we observed that a short sale where the borrower was responsible for a deficiency balance was just as damaging as a foreclosure.

In doing so, mortgage insurance (MI) allows qualified homebuyers with low down payments (borrowers can put as little as 3 % down with mortgage insurance) to qualify for mortgages because of the guarantee mortgage insurers provide to the system.

A cash - out refinance replaces a borrowers» current mortgage with a larger loan and uses the home's equity to provide additional funds for other purposes, such as debt consolidation, home improvement projects, and more.

For borrowers who don't put 20 % down — which is not a requirement — and are viewed by lenders as higher credit risk, mortgage insurers reduce or eliminate losses by providing protection to the lender in the event of a foreclosure.

Nearly 90 mortgage lenders have formed an alliance to support passage of legislation to «reinvigorate» the Federal Housing Administration so it can provide safe and affordable financing for homebuyers, as well as a lifeline for subprime borrowers who are in trouble.

While Firstmark acts as the face of the lending institution, and it strives to provide an exceptional customer service experience for all borrowers, at the end of the day their primary client is the lender.

This amount may provide many homeowners with the mortgage amounts needed to purchase pricier homes, but in areas such as New York and San Francisco, borrowers may be limited to conventional mortgage loans.

To be recognized as a trusted and caring advocate for student loan borrowers by providing programs and services that empower their success.

Secured loans are loans with collateral provided as a form of compensation should the borrower default on the loan.

As a rule of thumb, borrowers are expected to provide at least 20 percent down payment to qualify for the best commercial home loans.

The new RESPA guidelines will require mortgage originators to provide a standard Good Faith Estimate (GFE) to their borrowers that clearly discloses the terms of the mortgage loan, as well as all closing costs involved.

As policymakers and pundits debate ways to tackle Americans» $ 1.2 trillion in student loan debt, this student - loan debt clock provides a window into the growing risks to the economy as well as to student loan borrowers and their familieAs policymakers and pundits debate ways to tackle Americans» $ 1.2 trillion in student loan debt, this student - loan debt clock provides a window into the growing risks to the economy as well as to student loan borrowers and their familieas well as to student loan borrowers and their familieas to student loan borrowers and their families.

Loans originated by Bank of Lake Mills include a feature which provides that, in the event of the borrower's death or total and permanent disability (as determined by us), the unpaid balance of the loan may, at our sole discretion, be eligible for cancellation.

In addition to the popular mortgage products offered by the big banks, AimLoan provides jumbo loans in 30 - year, 15 - year and adjustable rate variants, as well as mortgages specifically structured for borrowers in high - cost markets.

(a) In General — During the 12 - month period beginning on the date of enactment of this Act, the Secretary of Housing and Urban Development shall not enact, execute, or take any action to make effective the planned implementation of risk - based premiums, which are designed for mortgage lenders to offer borrowers an FHA - insured product that provides a range of mortgage insurance premium pricing, based on the risk that the insurance contract represents, as such planned implementation was set forth in the Notice published in the Federal Register on May 13, 2008 (Vol.

Courtesy Finance was founded in 2007 as a consumer loan company, intent on providing fast personal loans to borrowers in need.

As a borrower, you'll need to provide a mountain of documentation to prove your income, assets, employment and debts.

Our cooperating partners do their best to provide you as borrower with money as soon as possible.

As a sister agency of NHHELCO, GSM&R provides borrower support once EDvestinU loans are fully disbursed.

As a consumer finance company, Marine r Fina n ce has a steady history of providing quick and easy personal loans to qualified borrowers.