Sentences with phrase «collateral for loans during»

The cash component can be withdrawn, reinvested or used as collateral for loans during the policyholder's life.

Not exact matches

Using your car as collateral for a car title loan is the perfect way to get money to pay the bills during an emergency crisis.

So if you're using your savings account as collateral for a loan, understand that those funds will not be available for emergencies or other expenses during the life of the loan.

During this time, the home is considered collateral — it's a piece of security with monetary value that your lender can take away from you if you stop making your loan payments for whatever reason.