"Loan obligations" refer to the responsibilities or commitments that borrowers have when they borrow money from a lender. It includes the agreed upon terms for repaying the borrowed funds, such as the amount, interest rate, and repayment schedule. These obligations must be fulfilled by the borrower to fulfill their loan agreement.
Full definition
Failure to pay the amount due after the creditor accelerates the mortgage
loan obligation in accordance with the mortgage loan contract would begin or continue delinquency.
This will ensure that you'll always be working to pay off the entire
loan obligation with each payment you make.
On certain occasions, the payout of death in service benefit may not be adequate to pay off your
mortgage loan obligation.
The plan will allow Direct Loan borrowers to cap their
monthly loan obligations at 10 percent of their discretionary income.
Lenders will take a look at your debt and your income to decide whether you can handle a
new loan obligation.
Regardless of which technique you use, debt consolidation is an invaluable opportunity to repay
outstanding loan obligations while repairing your credit.
However, in the event that the
aforementioned loan obligations are not met, then the home may go into foreclosure, just as it would with any type of mortgage.
A «default,» in this context, occurs when a homeowner stops repaying a
home loan obligation for some reason.
A reverse mortgage allows homeowners aged 62 + to convert a portion of their home equity into cash while they continue to live at home — provided
certain loan obligations are met.
The credit score is the result of an algorithm that predicts the statistical chance of a consumer going 90 days late or more on a
particular loan obligation over the next 24 months.
Given that student
loan obligations become due after a student leaves school, signs of distress emerged after similar signs in the mortgage market.
Please note that we offer a student loan consolidation program that will help you reduce or eliminate interest rates and
loan obligation amounts.
It is estimated that over half of all college students will graduate with at least some amount of debt, including a large amount of
student loan obligations.
If you never received a refund, you may be eligible to reduce your federal student
loan obligation by the amount that should have been refunded plus interest and related charges.
However, in the event that the
aforementioned loan obligations are not met, then the home may go into foreclosure, just as it would with any type of mortgage.
The loan will not become due as long as the borrower continues to
meet loan obligations such as living in the home as their primary residence, maintaining the home according to the FHA requirements, and paying property taxes and homeowners insurance.
The unit, the chief investment office (CIO), has been the biggest buyer of European mortgage - backed bonds and other complex debt securities such as
collateralized loan obligations in all markets for more than three years... The unit made a deliberate move out of safer assets such as US Treasuries in 2009 in an effort to increase returns and diversify investments.»
Finding a co-signer could improve the interest rate on your loan and co-signer can be released
from loan obligations after a period of on - time payments.
I am dubious about conditions in the bank loan market because
Collateralized Loan Obligations [CLOs] are hot now and there are many that want to take the highest level of risk there.
Other regulations include a limitation on lender origination fees, and a financial assessment to evaluate your ability to
fulfill loan obligations such as the payment of property taxes and regular upkeep of your home.
• Be a citizen of US, US non-citizen or other Qualified Alien • Property must in designated rural area • Have income less than 115 % of the median income in the county • Must occupy the dwelling as primary residence • Must have the legal / financial capacity to
incur loan obligations • Shouldn't be suspended or disqualified from participation in federal programs • Establish will to timely meet credit obligations
At the time Debtors commenced this case, their average monthly income was approximately $ 1,700 less than their average monthly expenses, without consideration of their
educational loan obligations.
Because she has a loan, she has more at stake and might need to sell some of her shares or pay more money into her margin loan to meet
loan obligations if the sharemarket falls.
The District Court for the Western District of Washington recently concluded that certain hedge funds were not «Eligible Assignees»
of loan obligations under a debtor's prepetition loan agreement.
In addition, for student borrowers who utilize a cosigner, the cosigner can be released from the student
loan obligation after the primary borrower makes 24 consecutive on - time principal and interest payments during the repayment period.
The promissory note says, «My Direct Consolidation Loan will, to the extent used to pay off loans made under the Federal Family Education Loan (FFEL), Direct Loan, and Federal Perkins Loan (Perkins Loan) programs...» And, «I promise to pay to the ED all sums disbursed under the terms of this Note to pay off my
prior loan obligations...» And, «I understand that ED will send funds to the holders of the loans that I want to consolidate to pay off those loans.»
By offering refinancing, College Ave and other innovative lenders have a chance to build large portfolios through
existing loan obligations.
«Collateralized loan obligations [CLOs] were a dirty word: yes, they traded at 10 cents on the dollar, but if you weren't panicking, if you weren't a forced seller, then you would have come out very, very nicely.
A couple of benefits for federal short - term loans are that they tend to have better interest rates than longer -
term loan obligations regardless of whether it's for business, education or a home purchase.
Not only is this a good habit to develop, it also lets you see the impact that your spending while a student will have on your
total loan obligations and the difference that adjustments to your budget can make on the big picture.
Moreover, other markets such as the primary issuance market for collateralised
loan obligations virtually closed as investors shunned new issues, forcing banks to expand their own balance sheets and retain the loans they had originated but had been intending to package and sell to investors.
Management cited strength in securitization markets, and in particular, vigorous collateralized
loan obligation formation, as factors behind the success in structured finance.
Marathon Asset Management LP Chief Executive Officer Bruce Richards said the firm is seeking to capitalize on a regulation, which goes into effect next year, that he sees forcing half of collateralized
loan obligation managers out of the market.
Payment Protection was designed to guarantee that the
insured loan obligation will be paid in the event the insured dies or becomes disabled.
With the exorbitant cost of secondary education continuing to move higher and higher, many students have no choice but to take on
significant loan obligations in order to finance their education.
If you consider the
large loan obligation and the need for STEM employees together, it only seems to make sense that students who study in the STEM program may be able to get a job quicker, and hence payoff the student debt quicker.
Phrases with «loan obligations»