Sentences with phrase «by a lender if»

Like other secured loans, it must be understood that the vehicle automatically becomes the collateral of the loan and it could be seized by the lender if you default the loan.

Pre-approvals come with the proviso that they are financing approvals in principal only; they can be revoked by the lender if they are perceived to be a bad decision — if your circumstances change, or if the house appraisal is lower than the purchase price.

A reverse mortgage line of credit grows over time, 2 which increases your borrowing capacity, and can not be cancelled or reduced by the lender if the housing market conditions decline.

You should not, for example, give notice to your landlord until the loan is actually approved by VA (or by your lender if the automatic processing procedure is used).

The entire value of the loan is in a certificate of deposit (CD), which can be taken by the lender if you default.

Those will get paid by your lender if the property forecloses and they get it back.

Those which raise the property's value are judged with special consideration by lenders if the property belongs to the applicant.

Gift Letter: A document that is required by a lender if a borrower receives a down payment or any part of a down payment from an individual as a gift, that is not to be repaid.

Comprehensive coverage may be required by your lender if you have financed the purchase of your automobile, but is otherwise optional.

The following optional coverage is sometimes required by lenders if you finance the purchase of your vehicle, but it is not required by law:

A penalty assessed by some lenders if a loan is paid off before the specified term.

When considering mortgage insurance, don't confuse it with private mortgage insurance, or PMI, which is insurance that can be required by lenders if the down payment on your home doesn't meet a certain threshold (typically 20 percent).

While this additional coverage is not required by law, it may be required by your lender if you have financed the purchase of your vehicle.

Some of these coverage options may be required by your lender if you have financed the purchase of your vehicle.

The following optional coverage is sometimes required by lenders if you finance the purchase of your vehicle, but it is not required by law:

Comprehensive coverage is not required by law, though it may be required by lenders if you finance the purchase of your vehicle.

Comprehensive coverage may be required by your lender if you have financed the purchase of your automobile, but is otherwise optional.

Comprehensive insurance is often required by lenders if you finance the purchase of your vehicle, but it is not required by law.

A reverse mortgage line of credit grows over time, 2 which increases your borrowing capacity, and can not be cancelled or reduced by the lender if the housing market conditions decline.

Termite Inspection A termite inspection is required by the lender if it is listed in the purchase contract.

Not exact matches

If you had debt forgiven by a credit card issuer, mortgage or student loan lender, or other financial institution, it may create «phantom income» that's taxable.

An independent expert's report into Atlas Iron's debt restructure plan has found lenders would get a much lower dividend if the scheme isn't approved by creditors later this month.

It's just that many banks are not able to properly scale their resources to include all deserving borrowers, even if small - business owners do meet the stringent standards set by lenders,» says James Walter, founder and CEO of BBC Easy, a provider of automated loan management software for financial institutions.

It may now be forced to default on its debt to international lenders if not bailed out by the Russian government.

Even if the German lender meets his cost targets, though, revenue must grow 5.4 pct a year for Deutsche to earn a decent return on equity by 2020.

If NMG were to request any such additional commitments and the existing lenders or new lenders were to agree to provide such commitments, the Asset - Based Revolving Credit Facility size could be increased to up to $ 1,000 million, but NMG's ability to borrow would still be limited by the amount of the borrowing base.

(NOTE: The lender is required to observe the «credit elsewhere» rule, meaning that if your company is qualified for a loan from another source without the credit insurance provided by the SBA, you should be sent there.)

Often times you will know right after you apply if your credit limit increase is approved or not by the lender.

If the lenders adhere to specific lending terms, interest rate caps, and other criteria set out by the SBA, the agency will share the risk with the bank, making small business lending more attractive to the bank.

If the property is determined to be in a flood hazard area, then the lender is required by law to require flood insurance on the property.

If you have a good credit score and have a sizable down payment saved up, you'll likely find better loan rates and terms offered by conventional lenders.

If there are financial terms you're unfamiliar with, make sure they are explained so you can understand them by the lender or have a trusted advisor like your accountant or lawyer review the document and explain the terms to you before you sign it.

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

Lenders will require more paperwork if you switch jobs during the mortgage process, especially if you go from a salaried position to one paid by hour or commission.

However, FHA loans are also a good option if your credit score is above 580 but you want to make a smaller down payment than allowed by a conventional lender.

If you don't have great credit, the interest rate offered by the lender may end up being higher than the rate you are currently paying on your loan.

Private mortgage insurance (PMI) is a special type of insurance policy that is paid by the borrower and protects lenders against loss if a borrower defaults.

Private Mortgage Insurance (PMI) is a special type of insurance policy, provided by private insurers, to protect a lender against loss if a borrower defaults.

While OnDeck requires a minimum credit score of 500 to apply for a loan, it's still a strong choice if you have been turned down by other lenders.

If you're not in TD's service area, find rates at lenders close by using our mortgage tool below.

Each refinancing lender determines the rate they'll offer a borrower on a case - by - case basis, so if you want to take advantage of the lowest interest rate available, it's best to apply to many different lenders.

If we do not have sufficient funds to pay tax or other liabilities or to fund our operations, we may have to borrow funds, which could materially adversely affect our liquidity and financial condition and subject us to various restrictions imposed by any such lenders.

If your goal is to reduce your monthly payment by extending your loan term, refinancing with a private lender at a lower interest rate can reduce or eliminate the additional interest payments that you'd otherwise make if you stretched out your payments without an interest rate reductioIf your goal is to reduce your monthly payment by extending your loan term, refinancing with a private lender at a lower interest rate can reduce or eliminate the additional interest payments that you'd otherwise make if you stretched out your payments without an interest rate reductioif you stretched out your payments without an interest rate reduction.

That can be a good thing if you have little credit history, or would be considered a high - risk borrower by a private lender.

If you have trouble paying back the loan then your asset may be sold by the lender.

The homeowners association must submit an application package for review if the complex is not already approved by the lender.

If you can't pay your loan, the lender won't foreclose on your home, but they might pursue payment by other means.

And if you're looking at other lenders who proclaim their tech savviness, confirm their credentials by first looking under the hood.

First, the first out ABL lenders under the 2013 credit agreement objected by claiming that under their applicable AAL, Standard General as last out lender under that facility was precluded from submitting a credit bid if any obligations to the first out ABL lenders remained outstanding.

If you are unsure or confused by any part of the application, speak with your lender.