Sentences with phrase «back property securing a loan»

Not exact matches

Secured credit is a loan backed by an asset or collateral, such as a property, home, automobile or boat.

Secured loans have some property to back them up, such as a late model automobile.

A secured loan is a loan that is backed by some form of collateral, usually a car, property such as home, or even stocks and bonds.

Asset - backed debt — loans secured by a potentially appreciating asset, such as real property, an RRSP, or a stock portfolio — can be a great way to use leverage to increase a person's net worth.

A repossession is when a creditor takes back property you used to secure a loan.

So, it is not strange that many homeowners are opting for unsecured loans and holding back to their properties in case they need to request a secured loan in an emergency situation.

Mortgage — This term is used in real estate loans; with a mortgage, money loaned is secured by collateral of a specific property and a borrower is required to pay it back in a set number of payments.

Secured debts are not wiped out in bankruptcy unless you agree to surrender or give back the property that serves as collateral for the loan.

«The market for homes under $ 1 - million has become «red hot,» agents say, and that's at least partly because new rules brought in by Ottawa last year make it impossible to get a loan backed by mortgage - default insurance if the property is valued in the seven figures... The result: Bids for $ 999,999, or close to it, are increasingly common as even some wealthy would - be homeowners struggle to secure the necessary financing under new government rules.»

Credit score ranks high, but if you have collateral, you may qualify for a higher loan amount based on the property used to secure or back the loan.

Secured loans, backed by an asset such as a house or piece of property, give the lender the ability to repossess collateral should the borrower default on their loan.

Secured loans are those backed by property you own, like a house or a car.

If you have a bad credit rating / history, then lenders will generally only offer you a secure loan, this means that your property will be put up as security against the loan and will be repossessed should you be unable to pay it back.

A secured loan, also referred to as a collateral loan, is a loan backed by property or collateral.

Secured credit is that which is backed by a piece of property; common secured debts include mortgage and carSecured credit is that which is backed by a piece of property; common secured debts include mortgage and carsecured debts include mortgage and car loans.

Unlike secured debt, such as a mortgage or auto loan, unsecured debt isn't backed by property or collateral, so if you're successfully cleared for bankruptcy, your debt is discharged, your assets are protected, and your debts are even.

One thing is certain: a Private Hard Money Loan is going to be easier to qualify for than typical bank financing, and since it's asset - backed (secured by equity in the property), it will also be the most flexible type of debt financing you can find.