Sentences with phrase «known as a lender»

The companies that loan you the money to purchase a home are known as lenders.

Lending Club is known as a lender focused on well - qualified borrowers with excellent or very good credit, high income and long credit history (16 + years on average).

Also, your conventional lender may allow you to pay a lump - sum at closing to eliminate monthly PMI payments, known as lender - paid PMI, or LPMI.

Option 3) Lender Paid Closing Costs (also known as Lender Credits).

The term Mortgage insurance may in some contexts refer to Private mortgage insurance (PMI), also known as Lenders mortgage insurance.

If you were to remove coverage or cancel the policy on the covered vehicle, your insurance company will notify the loss payee also known as the lender.

But the majority of lenders will have their own additional requirements known as lender overlays.

Not exact matches

This rule, known as «Know Before You Owe,» requires lenders to provide simplified details on mortgages to homebuyers to help them shop for a loan that's right for them.

First National — Canada's largest non-bank mortgage lender, originating $ 22 billion in loans each year — reacted swiftly, announcing Tuesday that Morneau's moves will impact about 41 % of its insured residential mortgages and that it anticipates a drop of as much as 10 % in originations of this kind, because its loans will no longer qualify for insurance.

The second phase, known as «application and inducement,» requires the potential borrower to fill out an application packet that provides the agency with details of the project costs, the company's financial stability and other information that's traditionally passed between lender and borrower.

The San Francisco based startup is one of the largest companies known as peer - to - peer lenders and runs a website where consumers can apply for loans that are either funded by individual investors or by institutions such as banks.

«If a lender knows that it can sell a loan as soon as the loan is made, do you think that loan will be underwritten with the same diligence as a non-SBA guaranteed loan held on that lender's books?»

Shortly after Elliott's investment in TIM became known, state lender CDP bought a 4.8 percent stake, a move seen as political endorsement of the activist investor.

Poloz's approach to now had been a series of gentle nudges; raising housing prices and record household debt as concerns, but at the same time accepting that buyers and their lenders likely knew what they were doing.

Virtually all lenders judge a borrower's creditworthiness using some version of a system known as the «5 Cs of credit.»

Bottom line for the business owner is that you don't usually know which bureau the lender or vendor will use, so you'll want to check and make sure all are up to date and as strong as posssible.

The regulation, known as the Payday, Vehicle Title, and Certain High - Cost Installment, requires lenders to check whether a borrower can repay the loan before making it.

The traditional car - buying process encourages overspending, because dealers and lenders know borrowers will make the payments even as the rest of their financial lives suffer.

Issuers can give smaller increases without any additional steps, but for larger ones, your lender likely will request a copy of your credit file — also known as «a hard credit pull» — a move that will ding your credit score modestly — typically by 5 points or less.

PMI comes in two general forms, known as borrower - paid and lender - paid mortgage insurance.

If you built up a bad credit history in the past for example, but you know hold down a very well paying job then the lender may choose to not place as much importance on the credit score itself.

The main exception to this is what is known as «bad boy carve outs», meaning that if you intentionally cause harm to the property, conduit lender or investors, you could become personally liable.

Instead, some conduit lenders require borrowers go through a process known as defeasance to release the lien on the property.

If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).

FedLoan Servicing services FFELP loans that were sold and transferred as a result of legislation known as the Enduring Continued Access to Student Loans Act (ECASLA), under which the U.S. Department of Education offered to purchase FFELP loans from third - party lenders.

This phase is known as the draw period, which typically lasts for 5 to 10 years but can vary from lender to lender.

No matter your lender, it's wise to ask if a different company will act as the servicer of your loan.

The last thing you want is for the lender to know more about your qualifications than you do (such as your credit score).

Homeowners who pay private mortgage insurance — or what's known as PMI — recently began receiving amended 1098 — Mortgage Interest Statement from their mortgage lenders.

Similarly, lenders — while more focused on the dollar amounts — also need to know the full story as to why your clients present certain financials, what they need, and why they are seeking certain funding.

Peer - to - peer lending also known as person - to - person, P2P or social lending, anonymously matches up borrowers and lenders via an online platform using complex computer algorithms.

You can quickly make a name for yourself as a loan broker by knowing who the lenders are.

This insurance, which is known as private mortgage insurance (PMI) for a conventional loan and a mortgage insurance premium (MIP) for an FHA loan, protects the lender in the event that you default on your loan.

Much like an auto insurer insured policyholders against loss from damage or accident, the FHA agreed to insure lenders against loss from lack of payment (which is known as «default» in mortgage terminology).

Short selling (also known as shorting or going short) is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the intention of buying identical assets back at a later date to return to the lender.

By comparing multiple quotes from competing lenders, you'll know if your deal is as good as it can be.

The People's Bank of China has lowered interest rates that it charges commercial lenders on a special short - term lending tool, known as the standing lending facility, two people with direct knowledge of the matter told The Wall Street Journal.

A mortgage impound account — also known as an escrow impound account — is a financial account set up by a lender or loan servicer to collect the expenses of property taxes, homeowner's insurance and mortgage insurance (if applicable).

Mortgage lenders rank credit scores using an industry - standard model known as the FICO score which assigns a numerical value to a person's credit risk to a bank.

And, like other insurers, the FHA collects regular payments known as premiums which fund the claims it pays to lenders.

This is known as a pre-payment penalty and lenders are required to disclose it.

Additionally, well - known lenders such as Capital One and U.S. Bank allow you to get preapproved for a loan with a soft credit check, which can give you an idea of whether you'd get approved without officially applying.

A UCC - 1 filing is a form filed by your lender announcing a right to collateral — also known as a lien — on a secured loan.

They print money, they control inflation, they are known as the «lender of last resort».

The former prime minister of Qatar, Sheikh Hamad bin Jassim bin Jaber Al Thani — widely known as HBJ — has bought the mortgage on the property, according to Bloomberg, which also revealed that he was the silent lender behind the minority purchase of the hotel by Ashkenazy Acquisition Corporation.

The Definition of Mortgage Insurance Mortgage Insurance (also known as mortgage guarantee and home - loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan.

I have backed my claims with every reasonable information, based on a public document and what I know about the terms of the club's long term lenders (you can't just use the club as leverage in the US when it's already geared in the U.K.).

Therefore, no longer would they (LCC) act as guarantors but they would be the lenders, the providers of finance for a significant proportion of the monies required for our new stadium.

That's mystery you've as a result - known ass consumerr advocates pushing upon fill payday lenders whereas in the air - selling installment loans: they've a vested curiosity in the installment loan alternative.

The General Secretary of the NDC at the time, the late Dr Josiah Aryeh, at a press conference in Accra had said: «The identity or identities of the lenders, the intricate corporate maze known as the CNTCI, the conflicting and confusing addresses and telephone / fax numbers, the concealment of critical conditions of the agreement from the Loan Agreement and from the documentation submitted to Parliament, including the issue of the bank guarantee and the sole - sourcing undertakings, all point to one thing.