When you request a home equity loan you are offering the property as security for the loan and missed payments will
eventually lead the lender to take legal action against the property guaranteeing the loan.
Not exact matches
Seek to build a track record and relationship with your
lender that can
eventually lead to better products, terms, and rates.»
Falling home prices
led to growing financial problems and bankruptcies at mortgage
lenders and government sponsored enterprises that
eventually brought down huge investment banks and financial institutions.
As with many other student loan
lenders, the economic recession of 2008 - 2009
led them to
eventually exit the student loan market altogether.
Your
lender will also be sure that they are not lending you excessive amounts, which may
eventually lead to a foreclosure should you default on the mortgage.
This is an important benefit of lending and it
leads some real estate investors to
eventually leave investing themselves to become
lenders to other real estate investors.
It was a
leading FHA and Fannie Mae
lender, but also made the decision to invest in the commercial mortgage banking business,
eventually buying four commercial mortgage bankers with seven different locations around the country.