Sentences with phrase «if loan defaults»

This means that if the loan defaults you are both equally (and individually) liable for the full balance due.

If that loan defaults the lender would have to make good on the loan or have to buy the loan back since the FHA loan has lost their FHA insurance.

This insurance helps defray the lender's costs if a loan defaults.

This insurance helps defray the lender's costs if a loan defaults.

Do you think if the loan defaults, the bank is going to take everything, and all of a sudden there's going to be a Star Citizen «game» left untouched, and CIG / F42 can just carry on developing that game, having stiffed the bank, like it's perfectly OK?

Compare this to loans that are 35 months old; regardless of if the loan defaults or prepays by the end of the 35th month, the return series in each case will be similar to differences only in the last few months of returns, and the difference in variances of the defaulting and paying loans will be much smaller than the 9 months example above.

But if a loan defaults there is nothing you can do about it.

If your loan defaults, your balance becomes due in full immediately.

Just wanted to add some clarification that if a loan defaults, you will only lose the REMAINING principle and future interest that has yet to have been paid on the loan, not the entire initial investment amount.

If the loan defaults, the lender's rights are limited to the asset held in the separate trust.

Even better, if the loan defaults, Upstart turns the fees that were collected when the loan was originated over to investors in the loan.

If the loan defaults, the car provides the security.

So if the loan defaults, you're going to sell the property for a lot more than the loan and that's reflected in the ABS numbers too.

In return, the SBA guarantees 75 to 85 percent of the loan for the bank if the loan defaults.

Jeffrey Naimon, an attorney at BuckleySandler, said banks are punished enough if a loan defaults because the ability - to - repay rule allows borrowers to sue a lender for alleged underwriting mistakes.

I guess my question is: What can Sallie Mae do to her if her loans default besides pester her with phone calls and a collection agency?

Even the biggest banks, now enjoying record profits, worry that if their loans default, the agencies that guarantee them — Fannie Mae, Freddie Mac and the Federal Housing Administration — will find errors in underwriting and force the lenders to buy back the loans and swallow any losses.

Columnist Kathleen Pender wrote recently in the San Francisco Chronicle that approving FHA mortgage loans for borrowers who have outstanding debts in collection could increase taxpayer risk if these loans default and FHA doesn't have enough in its reserve fund for reimbursing lenders» losses.

Rita Parise, director of programs for the Ohio Housing Finance Agency, says taxpayers won't be on the hook if the loans default.

But under the agreements, if the loans default, the bank could go after Trump's other assets.

They buy them from lenders, wrap them into securities and make guarantees to make investors whole if the loans default.

Not exact matches

Remember though, if you default on a secured loan then the assets or asset class you used as a security could be seized by the creditor in a Court procedure that could also put your company out of business, so there is some element of risk to consider with asset - based financing.

«The only way you can make matters worse,» says Ballentine, «is by keeping the business loan and your home mortgage at the same bank, which might impose a «cross-default» mechanism on you — so that both loans automatically go into default if you run into problems with either one of them.»

If a company defaults on the loan, the inventory becomes the lender's property.

Early Information and Options for Avoiding Foreclosure: This is all about giving customers a chance to modify their loans if they fall into default.

If you agree to a personal guarantee when taking out a loan, you commit to being personally responsible for your debt in the event of default.

Loans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borroLoans that have been in default can be consolidated after three consecutive monthly payments have been made or if the borrower agrees to repay the consolidation loans under an income - driven repayment plan (where the payments are based on the income of the borroloans under an income - driven repayment plan (where the payments are based on the income of the borrower).

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediIf the amount available under the Asset - Based Revolving Credit Facility is less than the greater of (i) 12.5 % of the lesser of (A) the aggregate revolving commitments and (B) the borrowing base and (ii) $ 60 million, NMG will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediif an event of default has occurred, cash collateralize letters of credit.

If the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediIf the amount available under the Asset - Based Revolving Credit Facility is less than the greater of 1) 12.5 % of the lesser of (a) the aggregate revolving commitments and (b) the borrowing base and 2) $ 60 million, we will be required to repay outstanding loans and, if an event of default has occurred, cash collateralize letters of crediif an event of default has occurred, cash collateralize letters of credit.

The size of the lien affects the likelihood that the lender will get their money back if you default on the loan.

Since the inventory is being leveraged if the business owner defaults on the loan the lender will then own the inventory.

If your business fails and you default on a loan, creditors with lower priority might even get nothing.

If your loan is in default you can not consolidate it unless you make some type of satisfactory repayment plan through your loan provider.

As another means of considering all avenues, ask yourself if bankruptcy is something you're willing to consider, and understand that it doesn't eliminate issues with your defaulted loan.

If you're in default and are so overwhelmed you're considering bankruptcy, consider rehabilitating your loans first to potentially get a lower monthly payment and your loans into good standing.

If you have a mark on your report — defaulting on a loan or declaring bankruptcy — lenders will see it as a red flag.

A collection agency, whether through the US government or private lender, won't usually settle a defaulted student loan debt if it's less than the amount that the lender is likely to receive over the life of the original loan — so negotiation is essential during settlement talks.

The lending standards on equipment financing can be less strict because your equipment will be used as collateral for the loan — in other words, if you default, the bank has the right to seize your equipment to cover the cost of their lost money.

If you're in default on student loans, know that you're not alone.

If your loans are in default and you want to avoid student loan tax refund garnishment, consider rehabilitating your loans to get them in good standing.

Now that you know some of the ways to avoid defaulting on student loans, let's get into what happens if you do default.

If you're facing student loan default, you're not alone.

There's no question that deferment and forbearance are effective options if you're on the verge of student loan default.

If you choose to rehabilitate your loan, then your credit history will no longer show the default, but it will show the late payments reported by your servicer.

Although it's a difficult situation for all who encounter it, you can remedy your student loan default if you follow the steps above.

If you're in student loan default, regain your control of the situation now before things escalate beyond your reach.

It's unsecured, which means a higher interest rate because there's no property for the lender to seize if you default on the loan.

Your loans are considered in default if they are overdue for 270 days or more.

If you find yourself in that situation, one way to get out of student loan default is through a Direct Consolidation Lloan default is through a Direct Consolidation LoanLoan.

Ultimately, if you're struggling with your current payments or are at risk of defaulting and still have several years left on your loans, debt consolidation might be a good idea.