Sentences with phrase «full balance of the loan»

Like private loans, you will immediately owe the full balance of your loans, along with any interest that accrued.

If that owner suddenly needed to get the full balance of the loan, he might choose to sell that mortgage to a «note buyer» for a discount.

The deficiency judgment typically happens when the lender auctions off the asset, but doesn't get enough money from the sale to cover the full balance of your loan.

Your Federal benefits will disappear if you do this, and you'll end up owing the full balance of your loan over time.

If you work in government service or for a non-profit for ten years, you can have the full balance of your loan removed.

As we've already seen, being in default means the full balance of the loan falls due.

The borrower then makes monthly payments in order to repay the full balance of the loan.

If the business owner passes away unexpectedly, their surviving loved ones may be responsible for the full balance of the loan that remains outstanding.

In many cases, especially large loans must be guaranteed by a life insurance company so that the bank doesn't stand to lose the full balance of the loan upon the borrower's death.

However, there may be penalties for making late payments or failing to repay the full balance of the loan.

Possibility for Repossession: Since your car is used as collateral for your title loan if you were to default on the loan, the lender could repossess your car in order to be paid back the full balance of the loan.

There are options for getting out of loan default without having to repay the full balance of the loan.

Once a student loan goes into «default» status the full balance of the loan becomes due immediately.

This will allow the full balance of the loan to be repaid by listing the lending institution as a beneficiary on the insurance policy.

When the loan becomes due, you or your heirs have the option of paying off the full balance of the loan and keeping the home.