Sentences with phrase «insures the loan so»

They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.

The Federal Housing Administration insures the loan so that your lender can provide you with a lower interest rate and down payment.

Not exact matches

Agreements are meant to protect the brokers business and more importantly insure the commissions that are to be paid so without having this agreement in place, it exposes the commercial loan business greatly.

Like monthly MIP, it insures lenders so they can approve loans at FHA's lenient standards.

The FHA keeps a book of rules and says, «so long as you make loans that follow these requirements, we will insure those loans against loss.»

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

By insuring the loans against default, the FHA gives lenders the confidence to make more loans, so mortgages become available to a wider portion of the U.S. population.

So long as a mortgage lender made sure that a loan met the FHA's requirements for «good loans», the agency would agree to insure it against loss.

Under the Energy Efficient Mortgage program borrowers with FHA - insured loans could qualify for a larger loan (or refinancing amount) so long as the additional funds are used to make improvements to the home.

FHA loans are federally insured loans, so mortgage companies are more inclinded to lend to home buyers who have weaker credit history, and small down payments.

Loans through the FHA are insured by the agency, so lenders are more lenient.

They are the insured, so if they die before they pay back the loan, the death benefit goes to Jack.

True, and though Fannie and Freddie may not get full payment, they should get 80 % payment on the 20 % or so of the loan that was insured.

So, when you buy our insured products, you will enjoy greater peace of mind knowing that you're better managing third party risk and defending your business against the negative financial consequences of a possible loan default and the resulting repurchase request.

The FHA keeps a book of rules and says, «so long as you make loans that follow these requirements, we will insure those loans against loss.»

The government - insured and regulated Home Equity Conversion Mortgage (HECM) reverse mortgage itself has developed into a safe mortgage loan for seniors, so they can enter into this loan with confidence.

Government - insured FHA rates are typically lower than the mortgage rates on conventional home loans, so some borrowers may want to compare payments and fees on both types of home loans.

Plus, because the FHA insures your mortgage, lenders are more willing to give loans with lower qualifying requirements, so it's easier for you to qualify.

The idea is for these borrowers buying real estate insured by FHA to earn equity quick when the market surges so they can refinance into a home loan that does not require mortgage insurance.

So even if your home has been updated, if it is older than that, you can not qualify for a manufactured or modular home loan insured by the FHA.

Created by the Federal Housing Administration, these loans are insured by this government agency, so that guarantees that lenders won't lose their money if borrowers default on their mortgage.

The Federal Housing Authority insures FHA loans so that mortgage lenders can extend home purchase financing and refinancing to buyers who might not be able to otherwise afford a new mortgage.

The loans are insured, so lenders have greatly reduced risk.

It actually insures a certain percentage of your mortgage loan so that the lender will be reimbursed for at least part of the principal in the event of your defaulting on the loan.

These are government - insured loans, so the credit - score requirements are generally lower than those for a conventional / non-government-insured loan.

These so - called «jumbo» loans, also known as conventional reverse home mortgages, are private reverse mortgages that often work much like a federally insured bank reverse mortgage.

With this program, mortgage lenders are insured against default - related losses, so they carry less risk than with a conventional loan.

So if a mortgage company wants to sell its loans into the secondary mortgage market, or have them insured by the federal government, they must adhere to the underwriting guidelines issued by those organizations.

Because it's an FHA loan, lenders will offer you lower, more affordable rates because the FHA insures lenders, so they have less risk by taking you on as a borrower.

The Federal Housing Administration insures home loans so banks can be more flexible in making loans with lower down payments and more flexible income requirements.

The FHA mortgage loan is insured by the government so when loan defaults sky - rocket, there are reasons to worry.

Veterans qualify for VA benefits and the Veteran's Affair Dept. insures the borrower receives loan disclosures so they understand the VA home loan process.

This works well for insured people if the term ends after most of their obligations — mortgage, student loans, children's education and so on — are no longer an issue and they don't need that extra level of protection that life insurance offers.

Manufactured home loans are insured or guaranteed by FHA, so there are several rules in place that the home must follow:

Like monthly MIP, it insures lenders so they can approve loans at FHA's lenient standards.

FHA loans are designed to help home buyers, so these government - insured loans usually come with more lenient requirements than typical mortgages or refinancing terms from traditional lenders.

These changes took effect on April 1, 2012, so they apply to all FHA - insured home loans going forward.

So, along with the FHA - insured loan, your VA loan is a great entry loan for buying your first house.

Plus, these loans are backed by the government, which means the government insures the bank so it won't lose its money if you don't make your payments.

This works well for insured people if the term ends after most of their obligations — mortgage, student loans, children's education and so on — are no longer an issue and they don't need that extra level of protection that life insurance offers.

Any policy ownership rights including future policy loans or policy collateral on a loan are controlled by the beneficiary, not the insured, though the beneficiary can give these rights back to the insured if the beneficiary so chose.

Whether the insured dies in two years or 20 years means little to the company - the company simply wants to own the policy so it can qualify for a loan today.

In some cases, the accrued loan interest on a life insurance policy is so severe that there's no way to save the situation — necessitating either a surrender of the policy, or perhaps a life settlement sale transaction for an older insured.

The cash value can be used as security for low interest loans, so the insured person can borrow money from the policy while he or she is living without canceling their protection.

It is very important to get yourself insured if you have taken a loan or mortgaged your assets, so as to save your family from the burden of repaying it.

They are the insured, so if they die before they pay back the loan, the death benefit goes to Jack.

It actually insures a certain percentage of your mortgage loan so that the lender will be reimbursed for at least part of the principal in the event of your defaulting on the loan.

There may be a loss of income because of the illness, so the lump sum amount paid by the insurer can be used for numerous purposes by the insured, such as: primarily to get the treatment for the illness, for recuperation purposes like buying recuperation utilities, to pay off any loans or debts, to manage household expenses, etc..

So the easing of mortgage standards mentioned above mainly refers to conventional home loans — those that are not insured by the federal government.

«HUD borrowers are never required to refinance their FHA - insured HUD loan, though many are inclined to do so when it makes economic sense for them to do so,» he said.