Sentences with phrase «case borrowers»

A borrower can put down less, but would be required to pay mortgage insurance, which protects the lender in case the borrower defaults.

The lender will claim possession of the vehicle in case the borrower defaults.

In most cases the borrowers working with these cash loan lenders are able to get the money the need in their hands by the next morning.

The collateral on a loan is the property or other business asset used as security in case the borrower doesn't fulfill the loan.

A type of insurance that protects the lender in case the borrower stops making monthly payments.

For this reason, they expect the applicant to have at least 6 months cash reserves in case the borrower loses their source of income, for example.

Usually, security is a standard requirement for larger loan applications, as the lender wants some kind of compensation in case the borrower defaults.

In most cases a borrower will only ask their local bank what the rate is and pay that interest rate.

This means they will experience losses first in case a borrower defaults.

Mortgage default insurance is mandatory coverage that protects a lender in case a borrower stops making payments or defaults on a loan.

In many cases the borrower even prefers to stay with the asset - based lender at the end of the contract because the financial strength of their company is increased and the disciplined reporting allows for a more fluent business model.

The property used as collateral guarantees repayment of the loan in case the borrower fails to meet the monthly payments.

Otherwise, interest rates could be higher to ensure that lenders are covered if the borrower hits a bump in the road — in which case the borrower is much more likely to cease payments on the second home than the first.

In case the borrower opts for a balloon mortgage or interest only mortgage as a second mortgage, the lender has to consider all possibilities of receiving payments.

Instead, it's providing a limited form of insurance for the lender in case the borrower later defaults.

But in case the borrower files for bankruptcy, secured debts and other debts will be ranked above equity investors.

In the latter case borrower provides relevant bank information to lender, such as routing and account numbers, name of the bank, and the check number.

Federal student loans have many advantages over private loans, and in most cases a borrower should extinguish all available federal loans for any given academic year before relying on private loans.

It makes sense for most veterans to do a VA streamline refinance because in many cases the borrower will lower their mortgage payment and save over $ 100 a month!

In case the borrower does not pay the loan back, the collateral is transferred to the lender, who can sell or auction the collateral to regain any losses.

Therefore, the lender has always the right to repossess the vehicle in case the borrower fails to meet his monthly payments.

Borrowers with FHA loans for mortgage insurance protecting the lender from loss in case borrowers default on the loan.

PMI protects lenders against loss in case borrowers default on their loans.

As of Monday, the 282 applications still pending for stimulus funding worth $ 128.7 million, were put on a waiting list in case borrowers or lenders cancel previously approved loans.

This mandatory insurance protects the lender in case the borrower defaults on mortgage payments.

The FHA provides mortgage insurance on loans issued by private lenders, backing them financially in case borrowers default or do not honor the terms and conditions of their mortgages.

If the factor is non-recourse, which in that case the borrower is not responsible for paying back any unpaid invoices, and the factor accepts the loss.

Private mortgage insurance (PMI) is insurance which covers the mortgage lender in case the borrower defaults on repaying the mortgage.

For instance, when they lend out money, they buy insurance in case the borrower defaults on a loan - it's called a credit default swap.

Private mortgage insurance (PMI) is insurance which covers the mortgage lender in case the borrower defaults on repaying the mortgage.

People going through financial crises are mostly at risk of defaulting, therefore lenders feel the need of high interest rates in case a borrower is unable to repay back in the credit period given.

This is one of the most advantageous ways to invest in real estate, as private lenders can usually expect anywhere from 6 % to 16 % return on the money they loan out and the land or building is still collateral protection in case the borrower defaults on the loan.

However, in this case the borrowers had $ 120,000 in equity and they were given no notice of the foreclosure by the bank!

The FHA provides mortgage insurance on loans issued by private lenders, backing them financially in case borrowers default or do not honor the terms and conditions of their mortgages.

In that case borrowers make no mortgage insurance payment at closing and the first insurance payment is made with the first mortgage principal and interest payment.

In most cases borrowers can consolidate federal and private student loans with reputable lenders.

Mortgage insurance protects the lender in case the borrower defaults on the mortgage, while benefiting the borrower by allowing very little down payment or equity.

Federal student loans have many advantages over private loans, and in most cases a borrower should extinguish all available federal loans for any given academic year before relying on private loans.

Most cases the borrower will be granted a «redemption period» usually 6 month redemption period.

Banks take more of a risk by giving out such loans with no asset or property to recover in - case a borrower defaults, which is the main reason why their interests rates a significantly higher.

In case the borrower has the score between 750 and 850 points, he is sure to get the best offers from the lenders with the most attractive terms, conditions and interest rates.

In most cases a borrower will only ask their local bank what the interest rate and terms are, most borrowers do not get multiple quotes.

By contrast, a foreclosure (also the prevailing law in the U.S.) is undertaken by a lender when the homeowner defaults on their mortgage, but in this case the borrower is not liable for any loss incurred by the lender.

Typically, mortgage insurance is designed to protect the lender in case a borrower defaults on his or her loan.

The name «secured» means that the MIE requires something as security in case the borrower can not pay the loan back.

The essence of this guaranty is to protect the lenders from loss in case the borrowers are unable to pay back their VA Loans.

However, in some cases a borrower who wants a personal loan does not have the creditworthiness necessary to get the loan.

The loan is typically secured to the property so that private lenders can sell it in case the borrower defaults.

MORTGAGE DEFAULT INSURANCE A type of insurance which protects the mortgage lender in case the borrower defaults on the mortgage payments.

The lender runs very few risks, so in case the borrower defaults on the loan, he will not loose much.