Sentences with phrase «circumstances qualify your loans»

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This makes it important to weigh the value of access verses a lower interest rate in some circumstances — this is true even for very creditworthy borrowers who would otherwise qualify for a traditional commercial loan at the bank but their loan purpose doesn't give them the luxury of time required to wait for a traditional bank loan.

Under rare circumstances, qualifying federal loans may be forgiven if your school closed before you completed your program, if your school falsely certified your eligibility or if your identity was illegally used to obtain a loan in your name, or if your school did not issue a required refund when you withdrew from school.

Why do so many student loan borrowers end up in default on their student loans when their circumstances would have allowed them to qualify for a deferment?

Of particular interest, under the FHASecure program HUD will allow lenders to write - off some of the old loan to help borrowers save the property, qualifying rations remain 31/43 (liberal by most standards), and in some circumstances second mortgages are allowed.

Bear in mind that independent students, depending on applicable circumstances, may automatically be eligible or considered for the additional loan money associated with dependent students whose parents do not qualify for the PLUS loan.

Applying and being refused multiple loans in a short amount of time can signal financial trouble, so it's best to only apply for loans you believe you'll qualify for, based on your individual circumstances.

Private lenders look at equity in a property rather than credit score, allowing them to loan to low credit, insufficient income and other circumstances that wouldn't qualify for a normal bank loan.

Although a credit check will be performed during the application process, you may still be able to qualify for a PLUS loan if you are able to obtain a cosigner who has a good credit standing and / or you are able to document that your adverse credit history is due to extenuating circumstances.

Student loan forgiveness is available in a few circumstances but not many people know about it, what their options are, or if they qualify.

Under certain circumstances, the institution that holds your Perkins Loan may permit retroactive cancellation if you can demonstrate that you qualified for cancellation in a prior year.

With loans, you may qualify for a forbearance or deferment period, depending on the circumstances keeping you from making payments.

You can find out whether you qualify for loan forgiveness due to your job, disability, the closure of your school, or other circumstances.

In addition, the final regulations require that a parent or student with an adverse credit history who is approved for a PLUS loan as a result of the Secretary's determination that extenuating circumstances exist or who qualifies for a PLUS loan by obtaining an endorser must complete PLUS loan counseling before receiving the loan.

California borrowers should have a credit score of at least 580 in order to qualify for a FHA loan, and that is typically the lowest score that can be considered, barring extenuating circumstances or qualifying for a VA loan.

We estimate a total increase of 98,336 hours of burden for parent PLUS applicants at private non-profit institutions (56,192 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 29,030 hours of enhanced counseling for parent applicants who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 13,114 hours of enhanced counseling for parent applicants who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate that the enhanced PLUS loan borrower counseling requirements for each graduate and professional student who qualifies for a PLUS loan based on extenuating circumstances will, on average, increase loan counseling by 0.50 hours (30 minutes).

Applicants with an adverse credit history who qualify for a PLUS Loan by demonstrating that extenuating circumstances exist, or who qualify for a PLUS loan by obtaining an endorser, will be required to participate in loan counseling provided by the DepartmLoan by demonstrating that extenuating circumstances exist, or who qualify for a PLUS loan by obtaining an endorser, will be required to participate in loan counseling provided by the Departmloan by obtaining an endorser, will be required to participate in loan counseling provided by the Departmloan counseling provided by the Department.

Short sale caused by an extenuating circumstance such as death of primary wage earner as long as the credit score prior to the circumstance was sufficient to qualify for a loan.

These final regulations will increase the number of applicants who qualify for PLUS loans based on the initial credit check and consequently decrease the total number of applicants who are approved through the extenuating circumstances process.

We estimate a total increase of 18,340 hours of burden for parent PLUS borrowers at private for - profit institutions (10,480 hours for the collection and submission of documentation of extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 5,709 hours of enhanced counseling for parent borrowers who qualify for a loan after demonstrating extenuating circumstances, and an additional 2,151 hours of enhanced counseling for the parent borrowers who received a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

Lump sum payments made by the Department of Defense towards eligible loans may count in certain circumstances, for up to 12 qualifying payments per year.

We agree with the commenters that these applicants, as well as applicants who qualify for PLUS loans based on extenuating circumstances, should be required to complete PLUS loan counseling.

We estimate a total increase of 539 hours of burden for parent PLUS loan applicants at foreign institutions (308 hours for the collection and submission of documentation of extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 142 hours for enhanced counseling for parent PLUS loan applicants who qualify for a loan after demonstrating extenuating circumstances and an additional 89 hours of enhanced counseling for applicants who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 3,640 hours of burden for graduate and professional student borrowers at foreign institutions (2,426 hours for the collection and submission of documentation of extenuating circumstances, or to obtain an endorser who does not have an adverse credit history, plus an additional 753 hours of enhanced counseling for borrowers who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 461 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

We estimate a total increase of 16,477 hours of burden for graduate and professional student PLUS borrowers at private for - profit institutions (10,984 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 3,804 hours of enhanced counseling for borrowers who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 1,689 hours of enhanced counseling for the borrowers who receive a loan after obtaining an endorser who does not have an adverse Start Printed Page 63329credit history) under OMB Control Number 1845 - 0129.

Based on comments received on the NPRM, these final regulations provide that any parent PLUS loan applicant who has an adverse credit history, but who qualifies for a loan after demonstrating extenuating circumstance or after obtaining an endorser who does not have an adverse credit history, must complete enhanced PLUS loan counseling before receiving a PLUS loan.

Comments: Commenters generally expressed support for adding a provision to require loan counseling for PLUS loan applicants who are determined to have an adverse credit history, but who qualify for a PLUS loan by demonstrating that extenuating circumstances exist.

We estimate a total increase of 136,569 hours of burden for parent PLUS applicants at public institutions (78,039 hours for the collection and submission of documentation of existing extenuating circumstances or to obtain an endorser who does not have an adverse credit history, plus an additional 43,280 hours of enhanced counseling for parent applicants who qualify for a loan after demonstrating that extenuating circumstances exist, and an additional 15,250 hours of enhanced counseling for parent applicants who received a loan after obtaining an endorser who does not have an adverse credit history) under OMB Control Number 1845 - 0129.

Unlike other loans, applicants can potentially qualify for an FHA loan with a credit score as low as 580 (or 500 in some circumstances).

Private lenders may or may not offer loan deferment or forbearance (as federal loans do), which allow you to suspend payments if you go back to school, fulfill military service orders or experience financial hardship, among other qualifying circumstances.

Although courts tend to interpret the Brunner test strictly, whether you qualify for a hardship discharge will ultimately be a function of the individual facts and circumstances of your case as well as the attitudes toward student loan debt that are prevalent in your jurisdiction.

For instance, if you filed for a Chapter 7 bankruptcy, you'll need to wait four years in most cases to qualify for a conventional Fannie Mae or Freddie Mac loan (two years if you can prove there were extenuating circumstances).

In certain circumstances, you may qualify for a deferment or a forbearance that will temporarily stop, delay or lower your monthly federal student loan payment.

Another disadvantage is that your circumstances could change during construction, making it impossible to qualify for a permanent loan — and you pay for two closings: once on the construction loan, and later, on the mortgage.

Capital gains can in some circumstances, with some «soft» money lenders, be qualifying income for loans originated with normal rates.

Even those who didn't qualify under normal circumstance could also live beyond their means through creative and exotic loans like Adjustable Rate Mortgages (ARMs) and 40 - or 50 - year amortization periods.

The company's objective is to provide «make - sense» decisions when creditworthy borrowers have circumstances that make it difficult to qualify for conventional loans.