Sentences with phrase «lenders against the risk»

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

PMI protects lenders against the risk that the value of the home will fall below the outstanding principal balance on the mortgage, leaving the borrower «underwater» on the loan.

Mortgage insurance refers to any insurance policy that protects lenders against the risk of a borrower defaulting on a mortgage loan.

A low down payment loan is considered a greater risk for the lender, and mortgage insurance protects the lender against their risk of loss due to default.

This is insurance that is required on certain loans, such as mortgages offered by the U.S. Federal Housing Administration (FHA), to protect the lender against the risk that the borrower will default.

Section 223 (e) helps to meet the need for adequate housing for moderate and low income families by insuring lenders against the risk of default on mortgage loans to finance the rehabilitation, purchase, or construction of housing in declining, older, but still viable urban areas where requirements for other mortgage insurance can't be met.

FHA insures the lender against the risk that proceeds from the sale of the property may not be sufficient to pay off the mortgage balance.

Mortgage insurance protects your lender against the risk that you will not repay your loan.

They also paid to protect their lenders against risks of lower value while their own down payment is left unprotected.

Homeowner's insurance protects against the risk that the home is damaged or destroyed, while title insurance protects the lender against the risk of claims against the borrower's legal right to the property.

Not exact matches

However, given the apparently escalating risk of the government intending to pursue enforcement action against lenders and dealers, it makes sense to develop and implement a one - price policy on dealer reserve.

Mortgage insurance makes it possible for you to buy a home with less than a 20 percent down by protecting the lender against the additional risk associated with low - down - payment lending.

Because adding debt against the value of your house increases your risk of default, lenders charge higher interest rates for second mortgages.

A secured loan, on the other hand, presents less of a risk to the lender because it is secured against a piece of valuable property — generally a house — that can be seized should a borrower fail to pay.

If you build equity in your home you can borrow against it, and this will reduce the risk in investment by a lender, helping you secure a new mortgage.

Though the risk of repossession may drive you away from secured loans, the truth is that even with an Unsecured Bad Credit Loan, the lender can take legal action against you to recover his money.

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.

Obviously, these lenders will not give out loans against property with too much debt baggage as it only increases the risk.

Most home improvement loans are written for ten or fifteen year terms and are granted with low interest because the lender is not assuming a great risk when loaning money against your home.

Mortgage insurance makes it possible for you to buy a home with less than a 20 % down payment by protecting the lender against the additional risk associated with low down - payment lending.

Others argue it's important for lenders to know if consumers have had a lien on their taxes or a civil judgment against them, because their risk of defaulting on a new loan is much higher.

Private mortgage insurance and government mortgage insurance protect the lender against default and enable the lender to make a loan which the lender considers a higher risk.

And with higher - risk lending, the lenders need to insure themselves against possible losses further down the line.

Once again, you are borrowing against your future earnings, so lenders calculate risk based on school completion (freshman are the most likely to drop out, followed by sophomores, etc.).

Mortgages or loans secured against property pose little to no risk, which is attractive to lenders who know they can recoup.

These lenders are very sensitive to risk and will not lend against property with huge debts.

You must also pay administrative fees, legal charges and appraisal fees as the private lender must cushion themselves against the risk posed by borrowers with poor credit.

Private lenders offer loans at high interests to cushion against the risks of dealing with low credit clients.

Private lenders are very sensitive to risk, and will not offer loans against property with more than 85 % LTV.

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

While programs advanced by the U.S. Department of Housing and Urban Development (HUD) did not attract the attention of mortgage lenders, changes in the way the industry is approaching this problem — and the high risk of class - action lawsuits against those institutions that do not act — are leading more lenders to consider moving forward with mortgage modification programs.

The requirement of some form of security to hedge against the lender's risk is a primary characteristic of a secured personal loan.

(the lender may not feel obligated to help you, but they will want to protect themselves from future risk against a bad borrower.)

If you're considering refinancing federal student loans with SoFi — or any other lender, for that matter — you should carefully weigh the benefits against the risks.

Essentially, auto loans are secured loans, with the vehicle itself acting as a sort of collateral against default (i.e., if you don't pay back your loan, the lender can sell the car to get their money back), which means less risk to the lender.

Lenders may perceive you as a good credit risk because your home can act as security against future loans.

The lender runs lower risks when lending against collateral because in the event of default the property securing the loan can be repossessed or subject to foreclosure.

Mortgage insurance makes it possible for you to buy a home with less than a 20 % down payment by protecting the lender against the additional risk associated with low down payment lending.

In order for the lender to protect against this increased risk, mortgage default insurance is required.

Lenders who see a lot of credit report checks also view this as a potential risk of fraudulent behaviour, and will move (by not extending credit) to protect themselves against it.

urgently advising two lenders on possible claims against valuers based on repeated overvaluations of properties in borrowers» buy - to - let portfolios, where claims risked becoming time - barred

I thought that the Court should have been asking itself this question: is it appropriate to grant these plaintiffs (joint operators with respect to shared risk operations) an equitable proprietary remedy so as to prevail against both secured and unsecured lenders?

In Australia, «title insurance» refers to a type of policy offered by two American insurers to cover purchasers, lenders and home owners against a grab - bag of risks relating to:

A Red Deer mortgage insurance policy effectively protects them against the normal risks association with lending money to buyers (e.g.: should the policy - holder (for some reason or another) stop paying their loan, lenders or investors won't suffer.)

• The objective of the FHA Loan Initiatives was to breathe fresh life into the housing market while offering mortgage lenders protection against risks.

Financing rental properties isn't just a hedge against rising interest rates but it also serves to shift some of the risk to the lender.

Like hard - money lenders, crowdfunding platforms guard against risk by securing the loans to the property and lending for less than its full value.