Sentences with phrase «less than the loan»

Short Sales — A bank will often take less than the loan amount on a property to save the hassle and costs of foreclosing.

That's right, investors are willingly lending money with the expectation they'll be paid back less than they loaned.

If you want to refinance but your home value is less than your loan balance, U.S. Bank may be able to help.

If the home has depreciated in value and is worth less than the loan balance, you are not responsible for repaying more than the home is worth.

Unless you made a large down payment when you bought the car, the auction price will be less than your loan balance.

If the item sells for less than the loan balance, the borrower is still on the hook for the difference.

In some cases, lenders withdrew the mortgage pre-approval, because the condo was now worth less than the loan amount.

Homes worth less than the loan balance have a higher risk to the lender.

Relatively low limits - One important disadvantage of FHA loans is that loan limits for FHA loans is typically less than the loan limits for most conventional loans.

The legal document requiring a person who has defaulted on their mortgage forcing foreclosure when the value is less than the loan itself.

It's not a seller's market and the only offer you've received is for less than your loan balance.

For example, a loan with a 2 % interest rate costs less than a loan with an 18 % interest rate.

In a short sale, you have defaulted on your loan and can not make the payments, but your lender decides to allow you to sell the home for less than your loan is worth.

If you're currently making payments on a car that's worth less than the loan value, you're going to have a hard time convincing a lender to agree to an auto loan refinance.

Many people know a loan with a lower interest rate will cost less than a loan with a higher interest rate, all else being equal.

The fees cost less than a loan, right?

As a result, car owners can end up being upside down on their loan: The value of the automobile is less than the loan amount.

I want to sell, but I think the car maybe worth less than the loan.

The businessman, who recently entered the marijuana cultivation business, offered collateral that appeared to be worth less than the loan value.

When the vehicle is availed under loan and if the worth of the vehicle is less than the loan amount, it is unfair to get into an auto insurance coverage at higher cost.

Cars depreciate quickly, so the urge to switch to a new car after a few years can leave you with an older car that's worth less than the loan.

Among the drawbacks: the loans can't be prepaid, and if the stock value declines to less than the loan amount, the borrowers have to make up the gap.

If you're looking to spend less than your loan approval amount, use this formula to estimate your target home price based on your ideal monthly payment, anticipated down payment, annual percentage rate (APR) and loan term.

If the appraisal results indicate that the home's value is less than the loan amount, the lender may refuse to finance the loan.

What this means is that if the property sold for less than the loan owed, the lender can sue for the difference between the sale price and fair market value.

I am quite new to this whole thing, but from what I learned in the past is that if you take on a loan for a property that's worth less than the loan amount banks will not approve the loan.

Not exact matches

Interest rates on 15 - year mortgage terms are typically lower than those on longer - term loans because the shorter duration of the loan makes it less of a risk to the lender.

He says the Lendio survey is somewhat disingenuous, particularly because total payback amounts tend to favor small business lenders who push loans of less than a year.

-- Miron Lulic, founder and CEO of SuperMoney, a financial services comparison platform which has recently surpassed half a billion dollars in loan inquiries in less than one year since launching

Women in general have less access than men to capital (including venture and private equity investment and government loans), markets, and networks.

The federal government is also adding restrictions on when it will insure low - ratio mortgages, stipulating that such loans must have an amortization period of less than 25 years and that the property must be owner - occupied, among other criteria.

Previously, the rule only applied to high - ratio loans, in which down payments are less than 10 % of the home's value.

It's a far cry from the days — say 15 years ago — when less than a dozen banks held a corporate loan on their balance sheet, and companies could renegotiate the terms of their loan with a single creditor, or a small committee.

These are non-profits that typically lend short - term loans of less than $ 35,000.

The value of commercial and industrial loans of less than $ 1 million — a common proxy for small business lending — was 17 percent lower in June of this year than it was at the beginning of the recovery — when measured in inflation adjusted terms.

In any case, she suggests, the SBA's role in the American economy is statistically insignificant — less than 1 percent of all businesses receive SBA loans each year — yet constitutes unfair competition to businesses that don't need such help and a potentially huge liability to taxpayers should the economy tank.

A tightening of bank lending standards and a drying up of the home - equity - loan market in the post-financial crisis era have made small business credit less available than it used to be.

Securing a business loan can be costly as is, but with less - than - perfect credit, you're looking at higher interest loans that might not be worth the trouble.

There are still regulations, of course, but all - in - all, the process is much less complicated than setting up a bank, credit union, or traditional loan company to cater to people's financial needs.

During the darkest days of the post-Lehman collapse and the ensuing credit crunch, they granted less than 1 out of every 10 loan requests.

(See Making Student Debt Less Sticky) While the very uniqueness of each loan and each employee's situation makes it inefficient and uneconomical for any one business to take on the problem, in the aggregate this problem is a large source of growing concern for more than 40 million student and parent debtors (as well as their employers).

This news comes against a backdrop, where small business owners are, generally speaking, finding it harder to get loans under $ 1 million from banks — and more specifically to find loans of less than $ 50,000.

The fees can vary from less than 1 percent to a few percentage points — and interest at the prime rate to several points over prime on the balance of receivables you sell, making it steeper than most bank loans.

Small companies with less than $ 100,000 in revenues applied for loans from online lenders 30 percent of the time.

Finance startup Bond Street issues loans to small businesses, many of which have less - than - ideal credit, and it's hatched a plan to stand out in the crowded online lending sector.

Remember the bank bail outs when people realized that simply walking away from their home loans were far easier than continuing to pay a mortgage on a house that was worth far less than they owed for it?

All companies approved for a loan through Bond Street are guaranteed to receive their capital within less than one week, as opposed to the weeks or months they'd typically have to wait by going to a traditional bank.

For SBA loans between $ 25,000 and $ 50,000, maximum rates are not permitted to exceed 3.25 percent (for loans that mature in less than seven years) and 3.75 percent (for loans with longer terms of maturity).

According to the SBA, fixed rate loans are not allowed to exceed the prime rate plus 2.25 percent if the loan matures in less than seven years.

The Low Documentation Loan (LowDoc) Program is a simplified version of the 7 (a) loan for businesses with strong credit histories seeking less than $ 150,Loan (LowDoc) Program is a simplified version of the 7 (a) loan for businesses with strong credit histories seeking less than $ 150,loan for businesses with strong credit histories seeking less than $ 150,000.