Sentences with phrase «default on the loan»

Mortgage insurance is required — protects the lender from a loss if borrower defaults on the loan.

It's clear that no personal guarantee loans are profitable for borrowers because in case of default on a loan the borrower doesn't lose any personal assets.

If a borrower is considered in default on a loan, the lender may demand immediate, full repayment.

The reason for this is due to the fact that people with poor credit default on their loan payments far more often than those with good credit.

By collecting interest from lots of borrowers, they have the extra money in the bank when a borrower does default on a loan.

If your business defaults on the loan, what are the extra charges that the bank may hold you responsible for?

There may be numerous reasons why borrowers from states with Republican senators and / or districts with Republican representatives default on their loans at a higher rate despite having less debt, on average.

With mortgage insurance, you'll also pay into a pool to help the lender cover losses and costs if a homeowner defaults on their loan.

That's why some people default on their loans.

You don't want to go into default on those loans, since that would prevent your consolidation loan application from moving forward.

Therefore, you could be the last to know if your student defaults on the loan.

We never want a customer to default on a loan because our biggest goal is to make the entire lending and borrowing process as painless as possible.

To get these cards, the consumer must first pay a security deposit that the card issuer receives if the consumer defaults on their loans.

The result is to miss debt repayments and even default on loans, meaning that bad credit ratings develop.

Instead, repayment is deferred until you move out of the house, pass away, default on loan terms, or sell the home.

Since the inventory is being leveraged if the business owner defaults on the loan the lender will then own the inventory.

A person who works for the federal government and later defaults on their loans could be suspended if their employer becomes aware of the situation.

New federal regulations are aimed squarely at the booming businesses, threatening to cut off student aid if too many graduates default on their loans.

If over 30 % of graduates from any school default on their loans within three years after starting the repayment period, that school can be thrown out of federal loan programs.

The lender wants to be sure its investment is covered in case the buyer defaults on the loan.

If you neglect to make the payments, and ultimately default on your loan, you are likely going to lose whatever you used as collateral, which will likely have been your home.

Also, if you do default on the loan find out about loan forgiveness and how to use a loan forgiveness program for student loan debt relief.

Secured debt is a formal contract backed by assets that can be sold as collateral if the firm defaults on the loan.

And if the primary defaults on the loan, that default will show up on your credit report as if it was your default.

It is often used by credit card companies when setting interest rates, but also refers to the rate at which corporations default on their loans.

People with poor credit scores tend to pay bills late and default on loans more frequently.

If you do default on the loan there are various consequences that you need to be aware of.

If you don't want this to happen to you it is important that you find many ways to pay off the loan and to prevent default on the loan.

If the cosigner defaults on the loan or it goes into collections, then the creditor can legally come after you for the balance.

If a service member defaults on a loan, the federal government agrees to pay the lender back for at least a portion of the loss.

If you in fact default on the loan, the loan agreement gives the lender the right to seize, then sell the collateral in order to recover any outstanding balance.

For instance, if an insured defaults on a loan and the next day has an accident, is the insurance company required to handle the case?

Very few consumers in this range default on their loans.

Although Hispanic students have roughly the same debt as their white counterparts, the risk of default on their loans is twice as likely.

Borrowers default on a loan after they fail to make a payment for more than 360 days.

If you own a mobile home or manufactured home and default on your loan payments, you could lose your home.

Anyone who is currently in default on their loan must have a satisfactory arrangement for repayment in place before they will be considered for the loan forgiveness program.

Just like a conventional home mortgage loan, if the homeowner defaults on the loan, or doesn't comply with the terms, the borrower may face foreclosure.

This means that if a business defaults on a loan, the business owner will be personally responsible for repaying the loan.

The lending institution can seize the consumer's property as compensation if the consumer defaults on the loan.

Instead, repayment is deferred until you move out of the house, pass away, default on loan terms, or sell the home.

If you do default on the loan your creditors could call up repayment the full amount of your debt or they could turn over the debt to a debt collector.

The program insures lenders against loss from default on loans of up to $ 48,600.

This can help you develop a financial plan and make sure that you don't default on the loan repayments.

During the slide, I was concerned to hear voices from academia, finance and government give the lion's share of the blame to the minority consumer for defaulting on loans for homes that they could not afford.

You should avoid defaulting on your loan at all costs.