Sentences with phrase «dependent on the borrower»

It is quite obvious therefore, that the whole sector is highly dependent on these borrowers in order to function.

This may be dependent on the borrower maintaining repayments, but as a business, the lender must continue to lend - even at such risk.

Custom Choice Loan interest rates are highly dependent on the borrower's and, if applicable, cosigner's credit histories, the amount of money requested, and the repayment term and repayment option.

Up to 60 Months The maximum loan amount granted unsecured is dependent on borrowers credit worthiness and level of indebtedness.

As with any private student loan, however, these rates are dependent on the borrower's credit worthiness, if a co-signer is used or not, and what repayment option is chosen.

As an investor, you are entirely dependent on the borrower finding additional financing or maintaining a reserve to pay interest.

1Maximum gift amount dependent on borrower's FICO credit score.

Not exact matches

As with other forms of debt, the margin and interest rate that a borrower receives on a variable rate loan are heavily dependent on credit score, lender and loan product.

As with other forms of debt, the margin and interest rate that a borrower receives on a variable rate loan are heavily dependent on credit score, lender and loan product.

As used in this paragraph, a «Covered Borrower» means any person who, at the time such person becomes obligated on a loan transaction or establishes an account for consumer credit, satisfies the requirements under any one or more of the following classifications, or is otherwise under applicable laws deemed to be a «Covered Borrower» under the Military Lending Act, 10 U.S. Code Section 987: (a) An active duty member of the Army, Navy, Marine Corps, Air Force or Coast Guard, or a person serving on active Guard and Reserve duty (a person described in this clause (a) of the definition of «Covered Borrower» is hereinafter referred to as a «Service Member»); or (b) Any of the following persons, relative to a Service Member: (1) The spouse; (2) A child under the age of 21; or (3) If dependent on the Service Member for more than one half of such person's support, any one or more of the following persons: (i) A child under the age of 23 enrolled in a full time course of study at an institution of higher learning; (ii) A child of any age incapable of self support due to a mental or physical incapacity that occurred before attaining age 23 while such person was dependent on the Service Member; (iii) Any unmarried person placed in legal custody of the Service Member who resides with such Service Member unless separated by military service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's household.

Refinancing is entirely dependent on the overall benefits to the borrower; it is not unknown for homeowners to refinance and face higher interest rates and monthly payments.

However, even with the promise to make repayments in the event the borrower can not make them, securing large loan approval is dependent on the lender accepting the nominated cosigner.

Generally speaking, if a borrower is unable to maintain a minimal standard of living for himself or his dependents based on income and expenses, including private student loan payments, a discharge through bankruptcy may be possible.

Actual rates available to borrowers will vary and are dependent on loan factors.

For this reason, the ocean of «liquidity on the sidelines» in money market funds is not a pool of money waiting to be invested in stocks or bonds, but is instead a measure of how dependent U.S. borrowers are on short - term debt.

Today, large balance borrowers are increasingly likely to be parents and independent undergraduate borrowers — the government places lower limits on the loans that undergraduate borrowers who are dependents can take — whose economic outlook tends to be riskier and whose rising debts consume a larger share of their income.

An unsecured loan, meanwhile, is dependent on having the trust of the lender, as just a signature from the borrower to back the agreement up.

However, lenders make bigger profits on subprime loans, interest rates are higher on subprime loans, subprime loans with high rates have been commanding higher prices in the secondary market and borrowers are dependent on loan officers to help them make financing choices — loan officers who get bigger commissions by marketing subprime loans.

Through IBR, any borrower can cap payments on his loans at 10 percent of a portion of his income, which is calculated by deducting 150 percent of the poverty line for his household size ($ 17,655 for a single person without dependents) from the adjusted gross income stated on his federal tax return.

While these rates are heavily dependent on credit history and payment plan, borrowers can receive a 0.25 % discount on APR for simply opting for the automatic monthly payment option.

Since FICO says a good score is more dependent on always paying bills on time, keeping credit card balances low and opening new loan accounts only when necessary, there is little reason for most borrowers to actively seek out a mix of credit.

Sounds nice, but many borrowers become dependent on the payday loan, rolling it over indefinitely since they can't afford to pay back the principal.

conducted research on deceased borrowers and heirs using Westlaw and local county online services prepared contact letter to heirs drafted correspondence and pleadings for creditor's administration and requests to the underwriter to insure around deceased borrower coordinated with attorneys, dependent administrators and local counsels with hearings updated to clients with status of loans handled by the firm performed title reviews and determine if title claims are needed for prior liens, missing conveyances, legal discrepancies referral administrator.

This amount is dependent on a number of factors including the age of the borrower, the appraised value of the home or FHA mortgage limits in the area, and the current interest rate.

The borrower's ability to either refinance or pay off will be dependent on market liquidity.

The profit margins for those originating subprime FHA mortgages are three or four times as large as those on other mortgages because the borrowers view themselves as dependent on the originator who solicited them.