Sentences with phrase «back the loan if»

Cosigners are responsible for paying back the loan if the student can't, but in some New Jersey cases, the student has passed away or faced severe medical problems.

This is because there is a higher risk that you won't pay back the loan if you borrow a lot or if you plan to repay the loan over a long period of time.

The cosigner takes on some of the risk and agrees to pay back the loan if the borrower can't.

According to them, they had contracted huge loans for their operations and risks selling their properties to pay back the loans if they are stopped.

My heirs must pay back the loan If your estate or heirs want to keep the home, they will need to pay off the loan.

Lenders also offer monthly payment options to repay back the loan if you can't pay back in one big installment.

The cosigner takes on some of the risk and agrees to pay back the loan if the borrower can't.

This is because there is a higher risk that you won't pay back the loan if you borrow a lot or if you plan to repay the loan over a long period of time.

Each state has its own name for the program — Wisconsin's, for instance, is called the Health Professions Loan Assistance Program, and offers up to $ 50,000 of assistance in paying back loans if they are doctors, nurses, dentists, dental hygienists, or other healthcare professionals.

The usual deal with home private - sector loans is that originators — the folks who sign you up for a nifty new mortgage — must actually buy back the loan if the borrower fails within 120 days or at any time if the origination involved fraud.

This is a person who agrees to pay back the loan if you default.

Sometimes the entity issuing the bond may be unable to pay back the loan if it goes bankrupt.

A cosigner shares equal responsibility for the repayment of the loan, and agrees to pay back the loan if the borrower does not.

You must be able to pay back the loan if the borrower can not.

Because the lender considers the cosigner's credit history in the loan decision, your cosigner is ultimately responsible for paying back the loan if you can't.

Cosigners are responsible for paying back the loan if the student can't, but in some New Jersey cases, the student has passed away or faced severe medical problems.

However, if the remaining equity is lower than the appraised value of the property, your heirs might have a hard time paying back the loan if they want to keep the home rather than sell it.

How can you determine whether or not someone can pay back a loan if you don't even ask them how much they want to borrow?

For instance, if you are going out and spending a bunch of the bank's money on depreciating assets (like a boat, a car, a wave runner, etc.), then the bank might reduce your score by a few points because your assets will not help you pay back the loan if you face hardships in the future.

Consider how you will pay back the loan if your friend or family member can't.

A cosigner is a person who pledges to pay back the loan if you do not.

It is a lot easier pay back the loan if you don't use materials with high embodied energy like concrete, plastic or aluminum.

The Department of Veterans Affairs will not back a loan if military borrowers don't meet or exceed a minimum residual income threshold which varies by individual family size, and by the cost of living by geography.

My heirs must pay back the loan If your estate or heirs want to keep the home, they will need to pay off the loan.

Not exact matches

If they fear that a retreat from free trade will harm future growth, and our ability to pay them back without resorting to inflation, they'll demand higher «real» rates on their loans.

If you always pay back every business loan, credit card statement, and mortgage bill on time, in full, then you're doing great.

-- Douglas Merrill, former CIO of Google and now CEO of ZestFinance, a big - data startup that uses more than 100,000 data points about an individual to figure out if he or she will pay back a loan.

He'd also like to get his $ 3 million loan back — invested to «take us from a low to a high margin for error,» he says — but won't sweat it if that doesn't happen.

Repak: While borrowing from friends or family is better than borrowing from a bank and especially those high - interest payday loans, only lend money if you're fine with never getting it back.

Even if the IRS doesn't have a way to determine how you're using your loan proceeds, it's best to maintain records of your spending to back up your deductions.

This type of secured loan is more comfortable for lenders; if you can't make your payments, they'll just take the equipment back.

If these loans don't get paid back then banks could start going bust, while local governments, some of which have been a beneficiary of these loans, and other companies could find themselves underwater, too.

A back - of - the - envelope calculation showed that Mihalic would pay $ 42,000 in additional interest if the loans went to their natural 10 - and 15 - year terms.

The owner of a corporation who personally guarantees a loan is also personally responsible for paying it back if the corporation goes under.

For the lending family member or friend: Are you willing to walk away from the loan if it can't be paid back?

Another way to look at that is if those in the audience who know what covenant - light loans are, which are loans without a lot of stuff tied around you, back in» 06,»07 less than 20 percent of the debt was issued cov - light.

«If creditors blink now, other member states will rightly ask why they have to continue paying their loans back,» adds Mr Loynes.

Further, if you are unable to find work, or land a job that does not pay as well as you expect, you may find yourself unable to pay back your loans.

The size of the lien affects the likelihood that the lender will get their money back if you default on the loan.

Your exit would come via a M&A deal, or if after 1 or 2 years no M&A or recapitalization occurs, your payment would convert to a loan at 10 % interest and would begin getting paid back to you.

I'm not sure how it would work with your employer, but with mine I would have to pay back all of the 401k loan money within 30 - 90 days if I lose my job, take a new one or leave the company for any other reason.

Adds Dean, managing director of wealth planning at Wells Fargo Private Bank in North Carolina: «[Family loans] can work, but only if the loan is paid back carefully, and care is given throughout the relationship.»

You may also be a co-maker if you agreed to pay back a parent PLUS loan with another person prior to 2000.

This plan can be helpful if you are having trouble paying back Parent PLUS loans.

In most parts of the country, the maximum amount that homebuyers can borrow is $ 424,100 (if they're taking out loans backed by Fannie Mae or Freddie Mac).

If that happens, you can contact your loan servicer to discuss an alternative payment plan or temporary forbearance to help you get back on your feet.

If you prefer to pay back your loan over a shorter period of time, Kabbage offers terms of six or 12 months.

If you have student loans, a recent roll - back of an Obama - era rule could affect you.

If that were legal, there would be no point in having campaign finance laws: Candidates could accept giant loans, not report them, and pay them back after the election had ended.

FHA loans are guaranteed by the government, so that the lender is paid back with federal funds if the borrower defaults.