Sentences with phrase «borrower agrees to the terms»

When the borrower agrees to the terms and conditions of the cash loan advance online, the cash is wired electronically to the borrower's bank account in one hour, for those who apply for loans in one hour, and within 24 hours for other provided loan options.

When the borrower agrees to the terms and conditions of the cash advance offer, the cash is wired electronically to the borrower's bank account.

When the borrower agrees to the terms and conditions of the personal loan, the cash is usually wired electronically to the borrower's bank account the same day the loan is approved and should be available to the borrower within 24 hours.

Not exact matches

While refinancing federal or private student loan debt helps streamline the loan repayment process, borrowers are required to repay the loan based on the terms agreed upon at the time the funds are received.

8.1 If you wish to use the Platform and potentially become an RPA Borrower, you must agree to comply with the terms of this Agreement.

A loan is considered defaulted if the borrower fails to repay it on the terms that were agreed to in the loan contract.

The contract that a borrower signs agreeing to the lender's terms and conditions.

This means that borrowers can read over all exact fees, rates and other terms before agreeing to any loans; this measure protects borrowers from hidden rates and fees.

Yes they have very high interest rates but the borrower is made aware of the terms before agreeing to the loan.

A potential borrower should always perform an extensive research of what lenders have to offer and only agree to the terms that are convenient and affordable.

Borrower: Individual who signed and agreed to the terms in the promissory note and is responsible for repaying a loan.

However, on a wider meaning, the term includes the practice of many lenders that convince borrowers to agree to unfair or abusive loan terms.

It lists the terms and conditions under which you agree to repay the loan and explains your rights and responsibilities as a borrower.

Although I agree with FHA policy not to accommodate «flippers» and those playing the distressed market solely for their own gain, I question whether it's necessary to delay FHA financing for delinquent borrowers with documented hardship — for example, someone who's had to sell a home with a short sale after long - term unemployment, illness, or loss of income due to death or divorce.

When you decide to consolidate your loan accounts, you agree to the forfeiture of each and every accounts» term including your benefits as a borrower.

The term of a mortgage refers to the number of months or years that the lender and borrower commit to one another at the quoted interest rate and agreed - upon mortgage features.

A loan modification is an agreement between the lender and the borrower wherein the lender agrees to modify (change) the terms of the loan.

Lenders are afforded a much reduced amount of risk since the loan is secured by the borrower's property in the unlikely event that they are unable to repay the loan within the agreed upon term.

A loan modification or revised payment plan is a form of loss mitigation that occurs when the bank agrees to modify the terms of its loan by adjusting the repayment terms in an attempt to accommodate the borrower's ability to make payments.

A closed mortgage, also known as a long - term mortgage, fixed mortgage or closed - end mortgage, is a type of home loan where the borrower agrees to follow specific repayment rules.

Closed Mortgage: A mortgage that can not be prepaid or renegotiated before the term's end, unless the lender agrees and the borrower is willing to pay an interest penalty.

Once the borrower has agreed to the initial terms of the loan the Woodbridge mortgage broker can arrange all the paper work required to complete the loan.

Despite the relationship between the lender and borrower, it is important to agree terms and write them down.

The applicant must read the contract and agree to its terms before that person can be officially known as a borrower.

Reverse mortgage insurance guarantees that these loan proceeds will be disbursed to the borrower as agreed upon under the terms of the loan.

These payments are usually lower than those that preceded them, for the borrower agrees to entirely new loan terms.

Unlike loan agreements, which can contain complex payment terms, promissory notes are more like paper trails that document that one person has lent another money and that the borrower agrees to repay the money within a certain amount of time, either in a lump sum or in installments.

Borrowers must meet the repayment terms they have agreed to.

We always suggest borrowers read terms and conditions of any agreement before they agree to anything.

Commitment Letter: A formal offer by a lender stating the terms under which it agrees to loan money to a mobile home buyer or borrower.

Credit risk is most simply defined as the potential of a bank borrower or counterparty to fail in meeting its obligations in accordance with agreed terms.

Default is the failure to repay a loan according to the terms the borrower agreed to when signing the promissory note for the loan.

There have been numerous examples of lenders deceptively convincing borrowers to agree to loan terms that are abusive.

A formal or informal arrangement between a lender and a borrower where the lender agrees to offer special terms (such as a reduction in the rate or closing costs) for a future refinancing as an inducement for the borrower to enter into the original mortgage transaction.

It agreed that «paid to» is unambiguous, but argues that it is unambiguously a broad enough term to encompass many methods of payment, including payment to the borrower's trustee.

Simply put: The mortgage term is the period of time that a borrower is committed to a specific lender, under the particular provisions of the mortgage that have been agreed to (the document sets out the agreed interest rate and terms for that period).

However, because these borrowers may be desperate for a loan, the non-conforming loan market makes it easy for unscrupulous «predatory» lenders to deceptively convince borrowers to agree to unfair and abusive loan terms.