With the creation of the G.I. Bill that year, the VA Home Loan Guaranty program was established, which
guaranteed lenders against loss on mortgage loans made to veterans.
The insurer will
guarantee the lender against loss in the event of a foreclosure.
The amount of entitlement relates only to the amount VA will
guarantee the lender against loss.
With the creation of the G.I. Bill that year, the VA Home Loan Guaranty program was established, which
guaranteed lenders against loss on mortgage loans made to veterans.
Not exact matches
SBA - backed 7 (a) loans, which are geared to small businesses, come with a government
guarantee to
lenders of up to 85 percent
against default.
Such loans carry
guarantees for
lenders against default by the federal government, along with lower interest rates than for conventional mortgages and low (or no) down payment requirements.
That is, a loan that has collateral behind it as a means to protect
against default, such as a home equity loan, versus an unsecured loan that offers
lenders little by way of
guarantee.
Because of the
guaranteed nature and simple repayment process for loans
against tax refunds, many of our
lenders don't even pull a traditional credit report and won't deny you service just for having negative remarks or a low credit score.
The loan is
guaranteed by the Department of Veterans Affairs to protect the
lender against loss in the event of default.
A rate lock is a
lender's
guarantee that the rate you have selected is protected
against rate fluctuations in the marketplace for a specified period of time.
The federal government
guarantees FFELP loans
against borrower default and ensures that the
lenders receive a market rate of return on the loans despite the lower interest rates paid by borrowers of education loans.
These include a federal
guarantee against borrower default, special allowance payments and
lender - paid origination fees.
It may not be a great decision in terms of risk, it might be changed, but for now the FHA is putting its money where its FHA guidelines are: a
lender who properly makes an FHA loan is fully
guaranteed against loss if the mortgage is foreclosed.
While Fundation does not have any specific collateral requirements, the
lender will file a UCC - 1
against your business, and you will be required to personally
guarantee the loan.
Although FHA doesn't directly lend money for mortgage loans, it
guarantees its approved
lenders against losses stemming from defaults on mortgages approved under FHA guidelines; its lending programs assist first time, credit challenged, and moderate income buyers.
FHA does not make home loans, but
guarantees its approved mortgage
lenders against losses arising from failing FHA loans.
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.
Lenders are more willing to offer loans at reasonable interest rates because the poor credit home loan is
guaranteed against default.
Those
lenders who hold real estate
guarantees against the loans are seldom willing to agree new loan terms.
In most cases, the
lender is
guaranteed repayment of your homeowner loan by placing a lien
against your home; your
lender knows that you do not wish to lose your home and that you will, thus, make your homeowner loan payments.
Mortgage indemnity insurance, sometimes known as a mortgage indemnity
guarantee (MIG), is insurance that covers the mortgage
lender against a loss.
It involves when the
lender will provide a
guarantee against a short term loan which must be repaid back to the borrower.
The VA loan is not actually a loan, but rather government
guarantees that protect the
lender of loan
against loss if the veteran defaults, and provides the
lender with the protection they normally receive through requiring a down payment.
The SBA works with qualified
lenders who want to fund new businesses and
guarantees up to 90 percent of the loan
against default.
They are loans made by traditional
lenders but backed by the government,
guaranteed against default.
It is
against the law for a
lender to have a pre-payment penalty on a loan
guaranteed by the United States Department of Veteran Affairs.
To the extent that you provide personal
guarantees or security, your protection from liability as
against the
lender will be lost.
A collateral assignment is a legal document familiar to all
lenders and in effect is a lien
against the policy which
guarantees insurance policy proceeds are first payable to the «assignee», in this case the
lender, with the balance of proceeds going to the named beneficiary of the policy.
A loan
guaranteed by the Department of Veterans Affairs
against loss to the
lender, and made through a private
lender.
ALTA Insurance («
lender's policy») is a
guarantee your
lender requires to ensure there are no other liens
against the property when your mortgage is recorded.
VA: Department of Veterans Affairs: a federal agency which
guarantees loans made to veterans; similar to mortgage insurance, a loan
guarantee protects
lenders against loss that may result from a borrower default.
The
guarantee made by the VA protects the
lender against loss if you fail to repay the loan, which also requires no down payment.