Sentences with phrase «collateral for a loan because»

Foreclosure is the legal process that allows a lender to seize and later sell property used as collateral for a loan because the borrower defaults on the loan.

Not exact matches

This would include of course unsecured (or no collateral loans) because typically most every aspect of their lives are very disciplined and squared away, including their finances,» explains Ted Kennedy, Senior Account Manager for Pinnacle Money Group.

The lending standards on equipment financing can be less strict because your equipment will be used as collateral for the loan — in other words, if you default, the bank has the right to seize your equipment to cover the cost of their lost money.

Unfortunately, this makes if difficult for an otherwise healthy and profitable business to qualify for a loan because they lack what a traditional lender would consider appropriate collateral.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.

This form of lending is concerning for three main reasons: Like storefront payday lending, auto - title lending carries a triple digit APR, has a short payback schedule, and relies on few underwriting standards; the loans are often for larger amounts than traditional storefront payday loans; and auto - title lending is inherently problematic because borrowers are using the titles to their automobiles as collateral, risking repossession in the case of default.

Qualifying isn't as difficult as for other loans because the bank already holds your money in the CD as collateral.

What I heard this morning really P's me off, apparently Arsenal have in excess of # 220 million sitting in the bank, of course not even half of this will be released to whatever manager have next season, because Kroenke uses it as collateral for loans to purchase other teams and build new stadiums in the USA, not forgetting of course his $ 150 million ranch.

When the restaurant owned by those relatives is about to be taken away because of debt troubles, Sayaka herself becomes the new collateral for the restaurant in order to get an extension on their loan repayment deadline... on the condition that she serve as the new «plaything» for Subaru, a famous model who doubles as an employee of the loan company.

Because the home is the collateral for the loan, a home's lack of durability can increase the government's financial risk in giving the loan.

Unsecured Loans are also called Signature loans, or unsecured signature loans, which can be used for any requested purpose without collateral because theyLoans are also called Signature loans, or unsecured signature loans, which can be used for any requested purpose without collateral because theyloans, or unsecured signature loans, which can be used for any requested purpose without collateral because theyloans, which can be used for any requested purpose without collateral because they are?

Collateral reduces the risk for the lender because it provides a fair guarantee of the loan repayment.

This happens because there is no collateral securing the loan so there is a high risk involved for the lender.

Because taking out an unsecured loan does not mean that you risk any collateral, more and more borrowers are taking out unsecured loans to pay for purchases like a new car, truck, or other vehicle, a long put - off vacation, education, appliances, furniture, new carpeting or other flooring for the home, or even home renovations or remodeling.

And, because there is no requirement for a collateral with unsecured loans, lenders consider them a higher risk and therefore will often charge higher interest rates.

These small, loans are easy to apply for because potential borrowers only need to meet a few eligibility requirements and don't have to offer any collateral or present a credit score, and the application process can be completed without ever leaving home.

Because your home is often your most valuable asset, you use it as collateral for another loan.

This is a complex issue because though it is true that the property is not necessarily used as collateral for the loans, it is still a surety for the lender.

And, because your home is used as collateral for the loan, your lender takes on a much lower risk and passes on the savings to you through your interest rate and closing costs.

Because the securities are collateral for the margin loan, the firm has the right to decide which security to sell / buy back in order to protect its interests.

Also, the majority of people are interested in payday loans for people with bad credit because these online financing businesses do not expect good credit or collateral.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.

Relatively low interest rates: Because you are using your home as collateral in a home equity loan, usually interest rates for these types of loans are lower compared to other types of unsecured loans.

(Of course, final approval on any mortgage depends on the house you choose to buy because lenders must agree that it provides reasonable collateral for the loan.)

However, it also puts your home at risk because it serves as collateral for the loan.

The lower the Loan - to - Value ratio the better because it gives some protection against the risk of a decline in property or home values (prices) which can adversely affect the MIE if it has to pay for expenses associated to selling the property that has been used as collateral such as legal fees, realtor commissionsCommissions What you pay to a broker or agent for their services.

Secondly, lenders reduced their risk exposure because the rising market provided equity to the homeowners, which was enough collateral to refinance the loan to a lower payment option (or new teaser rate) to avoid foreclosure, or at the very least, sell the property for a small profit.

Because you are using your vehicle's title as collateral for your car title loan, a lender is permitted to seize the vehicle at any time without notice, which could possible mean coming onto the borrower's property to do so.

Leases are often easier to qualify for than loans or credit lines, because the equipment itself serves as the lease's collateral.

Qualifying for a CD loan isn't as difficult as for other loans, because the bank already holds your money in the CD as collateral.

This is because the bank will use the contents of that account as the collateral for the personal loan.

An automobile loan can be a great way to rebuild your credit and is one of the easiest loans to get for borrowers with your history because the lender has security interest in something of value when loaning you money to purchase an automobile - the automobile itself stands as collateral for the loan.

Because there is collateral involved, it is not necessary, the way it is with traditional loans, for the borrower to have good credit.

Unfortunately, this makes if difficult for an otherwise healthy and profitable business to qualify for a loan because they lack what a traditional lender would consider appropriate collateral.

In other words, if the rest of your application looks good, but you don't have adequate collateral, your application for a 7 (a) loan won't immediately be rejected because you don't have sufficient collateral — but they will likely want to secure the loan with all the collateral you do have available.

AmeriCU is interested in the amount and value of any assets because they can be used as collateral for loans.

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was almost coming to an end, the grace period i was given was November 2nd i don't want to lose my house and keep my family out side, a friend of my introduce me to one of the online reliable loan lending company who also help him in getting a loan the name of the loan company is called Perry Morgan Loan Firm, i emailed them and apply for a loan of 60,000.00 dollars they gave me some procedure which i followed could you believe the loan was credit into my bank account after 48 hours, do you need a loan, are you into debt and you don't know how to pay back contact the loan company now they can help you with any amount of loan at a low interest rate, contact them now via email: [email protected] for more iloan company who help me in getting a loan of 60,000.00 dollars, i was into a debt for over 5 years, i was unable to meet up with the repayment of the debt i went to severer banks here in Bellingham, Washington USA but they refuse to grant me the loan saying that my bank draft is too low to apply for any amount of loan, i was very confuse because i could not meet up with the repayment of my debt, i got an email that they will come and take my house since i could not meet up with the debt repayment because when i borrow the money i use my house as a collateral, the year was almost coming to an end, the grace period i was given was November 2nd i don't want to lose my house and keep my family out side, a friend of my introduce me to one of the online reliable loan lending company who also help him in getting a loan the name of the loan company is called Perry Morgan Loan Firm, i emailed them and apply for a loan of 60,000.00 dollars they gave me some procedure which i followed could you believe the loan was credit into my bank account after 48 hours, do you need a loan, are you into debt and you don't know how to pay back contact the loan company now they can help you with any amount of loan at a low interest rate, contact them now via email: [email protected] for more iloan of 60,000.00 dollars, i was into a debt for over 5 years, i was unable to meet up with the repayment of the debt i went to severer banks here in Bellingham, Washington USA but they refuse to grant me the loan saying that my bank draft is too low to apply for any amount of loan, i was very confuse because i could not meet up with the repayment of my debt, i got an email that they will come and take my house since i could not meet up with the debt repayment because when i borrow the money i use my house as a collateral, the year was almost coming to an end, the grace period i was given was November 2nd i don't want to lose my house and keep my family out side, a friend of my introduce me to one of the online reliable loan lending company who also help him in getting a loan the name of the loan company is called Perry Morgan Loan Firm, i emailed them and apply for a loan of 60,000.00 dollars they gave me some procedure which i followed could you believe the loan was credit into 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Because the vehicle acts as collateral for the loan, the lender will want to ensure that the vehicle's value is up to snuff.

That is because the bank is, to some extent, taking less risk when they approve an installment loan that is backed with a collateral than when they approve you for a revolving loan that is not backed by any collateral.

Lenders are often more willing to lend higher sums to consumers if the loan is secured by collateral because they have something tangible to repossess or foreclose on if the borrower defaults, according to Andrew Chan, a financial adviser at Locker Financial Services, LLC in Little Falls, N.J. Because this is a lower risk for lenders, they may also be more willing to forgive lower credit because they have something tangible to repossess or foreclose on if the borrower defaults, according to Andrew Chan, a financial adviser at Locker Financial Services, LLC in Little Falls, N.J. Because this is a lower risk for lenders, they may also be more willing to forgive lower credit Because this is a lower risk for lenders, they may also be more willing to forgive lower credit scores.

Research has shown, time and again, that wealthier students consistently are more eligible for scholarships and grants because they have more time to devote to their studies, unlike poorer students who juggle school with a part - time job (or two), and lack of collateral makes them search high and low for guarantors on bank loans.

You're most likely required to carry both comprehensive and collision coverage if you're financing your vehicle because it acts as collateral for your loan.

However, this «non-forfeiture value» of a life insurance policy has an important secondary benefit as well — it gives an insurance company the means to provide policyowners a personal loan at favorable interest rates, because the cash value provides collateral for the loan.

Because, again, a life insurance policy loan is really nothing more than a personal loan from the life insurance company to the policyowner, for which the policy's cash value is simply collateral for the loan.

For consumers who do not like the idea of «throwing away» money on term coverage, permanent whole life insurance offers an alternative because the accumulated cash value can be withdrawn or used as collateral for a low - interest loFor consumers who do not like the idea of «throwing away» money on term coverage, permanent whole life insurance offers an alternative because the accumulated cash value can be withdrawn or used as collateral for a low - interest lofor a low - interest loan.

Fortunately, life insurance companies will make personal loans at rather favorable interest rates, primarily because the insurance company directly controls the life insurance cash value serving as collateral for the loan.

Because your policy's cash value acts as collateral for the loan, you can use the money for anything from household bills to a vacation.

Because the insurance company uses your cash value account as collateral for a loan, there is no lengthy application process or credit checks.

Because Montegra underwrites asset - based loans that are secured by the collateral property, it is possible for borrowers to «cash out» the equity in a property (regardless of whether it is vacant or developed) and put those proceeds toward another purpose besides the improvement of that property.

A hard money rehab loan can be one of the easiest to get approval for, simply because it presumes you already own or have high enough equity in the underlying property (instant collateral).