Sentences with phrase «as the borrower stays»

The HELOC boasts flexible rates and it can be used at any time as long as the borrower stays within the credit limit.

With an HELOC, a borrower can take out money at any time as long as the borrower stays within the credit limit.

Not exact matches

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.

Best known for his animation work in films such as Ponyo, Howl's Moving Castle and Spirited Away, he stays fairly true to Mary Norton's 1952 children's novel The Borrowers upon which the movie is based.

Maturity events include the borrower moving out of the home, the borrower passing away, the borrower failing to pay the proper taxes and insurance on the home, or the borrow failing to stay in the property as his / her principal residence for a period exceeding 12 months.

Borrowers who default on their student loans also have a much harder time purchasing a home in the future as the delinquency stays on their credit report for seven years.

The key benefit is that borrowers get to stay in their homes until the loan matures, or as long as they comply with all loan terms.

It's amazing to me but we've actually had homeowners calling in lately after receiving quotes as much at three quarters of a percent higher in rate and some with origination fee above what we can do for them and then they tell me that the other lender told them that either we were going to «make it up in other fees» or other cautionary comments meant to scare the borrowers into staying with them at a higher rate.

As a consequence, the creditor will be able to stay in business and make profits from other borrowers with better credit scores since there is no obligation to charge more for the loan.

This means that the principal will stay the same as long as the borrower is enrolled.

Known as «The Homeownership Company», it provides default mortgage insurance to Canadian residential mortgage lenders that enables low down payment borrowers to own a home more affordably and stay in their homes during difficult financial times.

The reverse mortgage allows you to stay in your home until the last borrower on the loan (or under the current guidelines, a qualified spouse who is under the age of 62 at the time the loan is obtained and is recognized as a Non-borrowing spouse) permanently leaves the residence.

As such, there is little to any incentive to stay in the home, so borrowers are increasingly defaulting on their loans or walking away.

Reverse mortgage loans were intended to help seniors stay in their homes as they age, and loan terms require that at least one borrower lives in the home most of the time.

The line of credit may be used as the borrower wishes as long as the stay within the set limit.

With a reverse mortgage, the unused line of credit grows at the same rate the borrower is paying on the used credit, whereas with a traditional home equity line of credit, the credit line stays the same amount as what a borrower had originally signed up with.

An HELOC borrower can take out any amount of money at any time it is needed as long as they stay within the credit limit.

They hope the values recover and as long as interest rates stay low borrowers will continue to make payments when they can but if interest rates rise the tide will go out and everyone will know who was swimming naked, to quote Warren Buffett.

Some of these programs will help borrowers keep their homes and stay in them, while at least one is designed as a short sale / foreclosure avoidance plan.

With notes, investors can do something just as valuable — and that's helping borrowers stay in their homes without incurring any additional debt that could cause further repercussions down the road.

With a reverse mortgage, the unused line of credit grows at the same rate the borrower is paying on the used credit, whereas with a traditional home equity line of credit, the credit line stays the same amount as what a borrower had originally signed up with.

These «discount points,» as they are known, can be a money - saving strategy for borrowers who are planning a long stay.

Surviving spouses can stay: Even if one borrower dies, an eligible surviving spouse can remain living in the home so long as he or she continues to pay property taxes, homeowner's insurance premiums and other household fees.

These actions, which have helped more than 2.1 million borrowers stay in their homes, are detailed in the Federal Housing Finance Agency's third quarter 2012 Foreclosure Prevention Report, also known as the Federal Property Manager's Report.

OSFI's new guidelines also clarified that borrowers who are renewing mortgages will not have to meet the new stress - test standard as long as they are staying with the same bank.

Los Angeles TimesSouthern California housing market is poised for a stronger springLos Angeles TimesMarket watchers and real estate agents say they're starting to see more sellers as prices remain relatively high, interest rates stay low and fewer borrowers owe more on their houses than they're worth.

In recent months, however, lenders have increasingly looked at loan sales as borrowers struggle to stay current.