Sentences with phrase «borrower is eligible»

Some loan types, such as USDA, FHA or VA loans, require a minimum credit score but as long as a borrower is eligible, they qualify for an across - the - board interest rate.

The maximum amount a borrower is eligible to receive from a reverse mortgage is called the principal limit.

Will Have To a lender fail to make a payment, the borrower is eligible for that money and a late price as good.

Evaluating the Student Loan Interest Deduction: A student loan borrower is eligible to deduct as much as $ 2,500 each year for interest paid on a student loan.

Education Loan Finance still has to go through the underwriting process to determine if a borrower is eligible for a loan.

To determine the maximum amount of funds this borrower is eligible to receive, a net principal limit is calculated by subtracting any initial payments made to or on behalf of the borrower (for example, initial MIP, origination fees, closing costs, liens, cash payments to the borrower, and funds set aside for monthly servicing fees).

The maximum amount a borrower is eligible to receive from a reverse mortgage is called the principal limit.

The amount a borrower is eligible to receive depends on the age of the youngest borrower, property value, current interest rates, and any existing mortgages or liens that must be settled at closing (existing mortgages can be paid with proceeds from the reverse mortgage).

Every borrower is eligible for the standard repayment plan, along with every loan program.

The borrower is eligible for 100 percent financing.

Under specific provisions by the IRS, a student loan borrower is eligible to deduct the interest paid on student loans from their taxes.

First, Purefy reveals what kind of interest rate a potential borrower is eligible for before any final application is submitted.

A borrower is eligible for a loan five times his annual income.

Note, however, that the regulations at 34 CFR 682.201 (c)(i) indicate that a borrower is eligible to receive a consolidation loan if the borrower is in repayment / grace period on the loans being consolidated.

Not every student loan borrower is eligible for the Income - Sensitive Repayment Plan.

determine whether the borrower is eligible for a reverse mortgage 3.

Not every student loan borrower is eligible for the Extended Repayment Plan.

Any borrower is eligible who works for a federal, state, or local government and not - for - profit organization.

Lower - credit borrowers are eligible, and lenders are eager to approve first - time and repeat buyers.

While not all borrowers are eligible and may not qualify under the program, we urge you to contact us if you are unable to make or are having difficulty making your loan payment.

Many American student loan borrowers are eligible to qualify for public service student loan forgiveness.

2 Autopay Benefit: During Periods when payments are due, borrowers are eligible to receive a 0.50 percentage point interest rate reduction on their loan by authorizing our loan servicer to automatically deduct payments each month from the borrower's bank account.

Only the most qualified borrowers are eligible for the published percentages.

For feedlot / dairy operations feeding a byproduct of an ethanol or biodiesel facility: Borrowers are eligible for an interest buydown of up to 4.00 % which may be used to reduce the borrower's interest rate on loans made by a local lender and BND, subject to a minimum rate of 1.00 % to the borrower.

Just remember, all borrowers are eligible for the Direct Consolidation Loan Program, and there are no costs charged for submitting the application.

Borrowers can rehabilitate their loans for as little as $ 5 per month, based upon their income, and the CFPB estimated that nearly 80 % of rehabilitating borrowers are eligible to make a payment that low.

«These borrowers are eligible to consolidate if they have at least one Direct Loan or have at least one FFEL and have been unable to obtain a Federal Consolidation Loan with a FFEL consolidation lender or have been unable to obtain a Federal Consolidation Loan with income - sensitive repayment terms acceptable to them.»

While the Department of the Treasury estimated that 51 percent of Direct Loan borrowers were eligible for Income - Based Repayment as of September 2012, the most recent available estimate, Education data show 13 percent were participating as of September 2014.

Under this low - interest loan program, military borrowers are eligible to have all or part of their loans canceled.

Currently, all federal loan borrowers other than Parent PLUS and Perkins borrowers are eligible for the traditional income - based repayment plan that caps payments at 15 percent of their discretionary income and forgives any balance remaining after 25 years.

Some companies have meticulous programs in place to determine whether borrowers are eligible for any programs that could reduce the debt owed.

A new loan servicer can be chosen as well, and any repayment plan, including income - based options for which borrowers are eligible, can be selected at the time of application.

Federal student loan borrowers are eligible for the cancellation of their loans if they are

Note: As of Oct. 7, 1998, all Perkins Loan borrowers are eligible for all cancellation benefits regardless of when the loan was made or the terms of the borrower's promissory note.

However, not all student loan borrowers are eligible to enter an IBR Plan.

Federal student loan borrowers are eligible for the cancellation of their loans if they are totally and permanently disabled or due to death.

The idea is that if borrowers are eligible for the modification program but are unable to work out a plan to stay in their home, they — and their lenders — have a well - mapped route for executing a short sale or a deed in lieu of foreclosure.

It's a loan officer's job to decide which would - be borrowers are eligible to proceed to loan underwriting.

Qualified borrowers are eligible for Down Payment Assistance loans; DPA of 3 % of the purchase price.

Borrowers are eligible for an Independent Foreclosure Review if they meet the following basic criteria: • The mortgage loan was serviced by one of the participating mortgage servicers.

Borrowers are eligible to apply for FHA home loans for up to four unit residences; what do FHA loan rules say about using the home as a rental space?

Not exact matches

But Jonathan Fansmith, director of government relations at the American Council on Education, said the $ 350 million is not enough to cover all the borrowers who would be eligible if they were simply enrolled in a different repayment plan.

Skeptical, Palank checked around and found out that the ice - making entrepreneur did indeed fall under the manufacturer classification and was therefore eligible to be an IDB borrower.

But for most of those eligible - nearly three million borrowers - it won't be much of an ending: they'll be receiving a check for $ 300 to $ 500.

To be eligible, borrowers must have a clean credit history and a «good» FICO credit score («good» is 670 and above according to FICO).

Yang says, «While the lien is outstanding, we try to get the borrower into the best product they're eligible for at that time, such as a short - term loan.

These borrowers will be eligible for forgiveness after 25 years of repayment.

Nearly all federal student loans are eligible for consolidation, and borrowers do not have to provide evidence of a strong credit history to qualify.

Borrowers who select a Pay As You Earn repayment program are eligible if they have Direct Stafford Loans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to parents.

Only federal student loan borrowers may be eligible for loan forgiveness.