Sentences with phrase «guaranteed lenders against»

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.

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.

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.