Sentences with phrase «borrower is eligible for a loan»

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

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

Not exact matches

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.

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

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

Borrowers who believe they are eligible for teacher loan forgiveness may submit an application directly to their student loan servicer after the five years of consecutive, qualifying employment is complete.

At this time, only federal direct loans are eligible for PSLF, but a consolidation of other types of loans may indirectly provide loan forgiveness to some qualified borrowers.

These borrowers will be notified by mail that they may be eligible for student loan forgiveness.

That means you'll no longer be eligible to receive any of the benefits that come with a federal loan; that can spell an inflexible repayment structure for many borrowers.

Last month Senator Elizabeth Warren became involved after finding out that the government was seizing tax refunds and garnishing wages from borrowers who are eligible for loan forgiveness.

The exception is for borrowers who enroll at an eligible college or career school, as their loans are typically placed on automatic deferment.

To be eligible for a Prosper loan, borrowers need credit scores of at least 640, verifiable annual income, a debt - to - income ratio under 50 % and three current credit accounts in good standing.

For borrowers on an ICR plan, your loans are not eligible for the federal interest subsiFor borrowers on an ICR plan, your loans are not eligible for the federal interest subsifor the federal interest subsidy.

These borrowers will be notified by mail that they may be eligible for student loan forgiveness.Though a program exists that will discharge outstanding student loan debt for individuals with certain disabilities, it is not widely known about.

In addition, certain borrowers may be eligible for a short term suspension of their loan payments, using either a deference or forbearance.

Once borrowers understand the types of student loans available, the repayment plans they are eligible for, and the recourse they have when life's circumstances make repayment a challenge, there are steps one can take to pay off student loans at a faster rate.

The key to this program is borrowers must meet some pretty specific income requirements to be eligible for a USDA mortgage loan.

Direct PLUS Loans for parents are not eligible for the IDR plans that allow borrowers to benefit from the PSLF program.

Borrowers who were new borrowers will make payments based upon 10 percent of their discretionary income, and will be eligible for loan forgiveness after Borrowers who were new borrowers will make payments based upon 10 percent of their discretionary income, and will be eligible for loan forgiveness after borrowers will make payments based upon 10 percent of their discretionary income, and will be eligible for loan forgiveness after 20 years.

Student borrowers with direct subsidized or unsubsidized loans, individuals with parent or grad PLUS loans, and all consolidation loans are eligible for the standard repayment plan through the federal government.

These plans are always available for free to federal student loan borrowers with eligible loans.

For borrowers who will make a career out of military service, Income - driven repayment plans provide another major benefit — you may be eligible for loan forgiveness after 10 years of reduced monthly paymenFor borrowers who will make a career out of military service, Income - driven repayment plans provide another major benefit — you may be eligible for loan forgiveness after 10 years of reduced monthly paymenfor loan forgiveness after 10 years of reduced monthly payments.

There are many advantages to filing jointly; borrowers will be eligible for the student loan interest deduction and other tax credits.

While you may be paying mortgage insurance for the life of your FHA loan, borrowers who have established more than 20 % equity in their new mortgage are eligible to remove mortgage insurance with a conventional loan.

In addition, private student loan borrowers are not eligible for consolidation.

Many borrowers who were not eligible for the previous versions of this loan product, or who found its fee structure prohibitive, will be pleased to find they may now be eligible and fees are being dramatically reduced.

Borrowers with a credit score of at least 620 are eligible to apply for a HomeReady ® loan through PennyMac.

Corinthian borrowers who are not eligible for closed school discharges may still be eligible for cancellation of their federal loans through false certification or unpaid refund.

The answer to this really depends on their individual circumstances.There are many advantages to filing jointly; borrowers will be eligible for the student loan interest deduction and...

To be eligible for this plan, Direct Loan and FFEL borrowers must have more than $ 30,000 in student loan debt and must not have had an outstanding balance on or before October 7, 1Loan and FFEL borrowers must have more than $ 30,000 in student loan debt and must not have had an outstanding balance on or before October 7, 1loan debt and must not have had an outstanding balance on or before October 7, 1998.

Assuming a $ 15,000 two - year loan, borrowers will need to have excellent credit, which is a FICO score of 720 or above, and be eligible for at least two rate discounts.

Many federal student loans are eligible for income - driven repayment — a type of student loan repayment program that uses a formula to create a uniquely - tailored monthly payment for borrowers based on their income and family size.

For example, Perkins Loans are not eligible for the income - based repayment plans unless the borrower consolidates the loans with her other federal student loaFor example, Perkins Loans are not eligible for the income - based repayment plans unless the borrower consolidates the loans with her other federal student lLoans are not eligible for the income - based repayment plans unless the borrower consolidates the loans with her other federal student loafor the income - based repayment plans unless the borrower consolidates the loans with her other federal student lloans with her other federal student loansloans.

Roughly ten percent of student borrowers default on their loans within two years of graduating, despite often being eligible for more favorable repayment terms under a variety of alternative repayment options such as income - driven repayment.

Borrower (s) who canceled a loan pursuant to the 5 - Day Peace of Mind Guarantee from LoanMart are not eligible for the 5 - Day Peace of Mind Guarantee promotion.

Although the VA determines the guidelines for those who are eligible for the VA Loan benefit, private lenders who finance the home purchases have an additional set of criteria a potential borrower must satisfy, including debt, income and credit requirements

The minimum medical and dental refinance loan is $ 25,001 for borrowers in Pennsylvania, $ 15,001 for borrowers in Connecticut and Kentucky, and $ 10,001 for medical and dental residents in all other eligible U.S. states.

Borrowers with excellent credit are eligible for lots of juicy discount loans that carmakers offer through their lending divisions, such as GM Financial and Honda Financial Services.

Students who attended a Corinthian school (Everest, WyoTech, or Heald)-- regardless of whether it closed — who believe they were defrauded or that their school otherwise violated applicable state law may be eligible for loan forgiveness (discharge) based on a borrower defense to repayment.

It's provided to borrowers who have met the requirements for borrower benefit programs, and have earned more benefit dollars than they paid in eligible student loan interest during the calendar year.

The forbearance or stopped collections will affect all of a borrower's federal loans that are serviced by a federal loan servicer (or defaulted and serviced by a private collection agency), including loans that are not eligible for a borrower defense to repayment loan discharge, such as loans taken out to attend a different institution than the one related to your application.

The forbearance or stopped collections will affect all of a borrower's federal loans, including loans that are not eligible for a borrower defense to repayment loan discharge, such as loans taken out to attend a different institution than the one related to your application.

To be eligible for a reverse mortgage loan, the FHA requires the youngest borrower on title to be 62 years or older.

Under a borrower defense to repayment, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidLoans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paidloans or the educational services you paid for.

While every borrower will be eligible for the income - based Pay As You Earn plan later this year, only some might benefit from student loan forgiveness.

There is an «Eligibility Quiz» to help borrowers understand if they may be eligible for a forbearance or deferment of their loan.

Borrowers should research what Federal Student Loan benefits they may be eligible for before choosing to include these loans in an EDvestinU Consolidation Loan.

In order to be eligible for an FHA - insured mortgage loan, borrowers need a score of 500 or higher.

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

Loans originated by Bank of Lake Mills include a feature which provides that, in the event of the borrower's death or total and permanent disability (as determined by us), the unpaid balance of the loan may, at our sole discretion, be eligible for cancellation.