Sentences with phrase «long as the borrowers»

Installment lenders can also legally exclude the premiums when calculating the loan's annual percentage rate, as long as the borrower can select the insurer or the insurance products are voluntary — loopholes in the Truth in Lending Act, the federal law that regulates how consumer - finance products are marketed.

Freddie Mac's 97 % financing product is open to repeat buyers, as long as the borrower does not have «any individual or joint ownership interest in any other residential properties» at the time of purchase.

The book may be kept for as long as the borrower likes, however, he or she can only borrow one book at a time from the Kindle Owner's Lending Library.

Cash payouts can be received in a lump sum, as a line of credit, or in installments for as long as the borrower lives in the house.

But the hole in the rating agencies» models enabled the loan to be made, as long as a borrower with a FICO score of 680 could be found to offset the deadbeat, and keep the average at 615.

This means that the loan is approved — so long as the borrower provides additional, clarifying information.

At the end of the repayment term, either 20 or 25 years, the remaining balance is automatically forgiven so long as borrowers have made consistent, on - time payments.

It does not apply on short - term loans below $ 500, so long as borrowers have the option for a gradual repayment term.

Others were willing to go as low as 580, as long as the borrower has stable employment and income.

As long as the borrowers continue living in the home as their primary residence and remain current on all loan obligations (including paying the taxes and insurance and keeping up home maintenance), the loan balance will not become due and payable.

So you are saying any HUD property can qualify for the $ 100 down payment, as long as the borrower is occupying the property.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

Reverse mortgages allow homeowners (age 62 and over) to convert a portion of their home's equity into cash that generally doesn't need to be paid back as long as the borrower (s) lives in the home.

The loan typically does not become due, as long as the borrower meets the loan obligations.

A reverse mortgage loan typically does not require repayment for as long as the borrower (s) continues to live in the home as the primary residence, pays property taxes and insurance, and maintains the home according to the Federal Housing Administration (FHA) requirements, or until the last homeowner has passed away or has moved out of the property.

A reverse mortgage is a home loan available to seniors aged 62 and older that does not have to be repaid as long as the borrower continues living in the mortgaged home.

The long - running slide in mortgage payments 60 or more days past due will continue next year, and perhaps even longer as borrowers benefit from favorable economic conditions.

These rates do not fluctuate as long as the borrower is in a fixed term agreement.

The presence of a short sale or foreclosure does not preclude eligibility for a loan, as long as the borrower is up to date on their payment, there is no waiting process to purchase a home following a short sale.

This means that the principal will stay the same as long as the borrower is enrolled.

Funds will always be available as long as the borrower uses the line wisely.

As long as a borrower took out only loans from the Direct Loan program for their own education, and fulfills the «new borrower» requirement, their loans will be eligible for repayment under PAYE.

USDA loan guidelines are written in a way that provides the borrower the benefit of the doubt that there had been, at some point in their past, circumstances beyond their control, and as long as the borrower has recovered from those circumstances in a reasonable manner, they're generally going to be credit - eligible for a USDA mortgage.

But it does not state that individuals must satisfy these conditions to be eligible, and one can rely on the wording in the law at 428C (a)(3)(ii) to consider a borrower to be eligible even if they are consolidating loans that are not in repayment status, so long as the borrower has at least one loan in repayment status.

On the other hand, a borrower who pays a fixed - rate mortgage of 5 percent would benefit from 5 percent inflation, because the real interest rate (the nominal rate minus the inflation rate) would be zero; servicing this debt would be even easier if inflation were higher, as long as the borrower's income keeps up with inflation.

A forbearance agreement or workout agreement where the lender and the borrower agree, in writing, that the lender will defer foreclosing so long as the borrower does certain things including, but not limited to, making agreed upon post-default payments;

As long as a borrower does it responsibly, there shouldn't be any issue borrowing money from family.

As long as the borrower has good credit, there can be refinancing options for almost any kind of personal loan.

As long as the borrower complies with the loan terms, he / she doesn't have to make payments on the loan.

The principal balance can not increase as long as the borrower makes regularly scheduled payments.

Reverse Mortgages: Reverse mortgages are another creative way to fund long term care and can help pay off existing mortgages or provide an ongoing income stream for as long as the borrower remains in the home.

Despite Madigan's best efforts, the Department of Education announced in March that it was rescinding a rule that prevents loan servicers from tacking on collection fees as long as the borrower is in repayment or rehabilitation within sixty days of default.

Unlike ordinary home equity loans, a HUD reverse mortgage does not require repayment as long as the borrower lives in the home.

This is required as long as the borrower's payment is not more than 30 days overdue.

Borrowers may choose one of five payment options: (1) term, which gives the borrower monthly payments for a fixed period selected by the borrower; (2) tenure, which gives the borrower a monthly payment from the lender for as long as the borrower lives and continues to occupy the home as a principal residence; (3) modified tenure, which combines the tenure option with a line of credit; (4) line of credit, which allows the borrower to make withdrawals up to a maximum amount, at times and in amounts of the borrower's choosing; and (5) modified term, which combines the term option with a line of credit.

With the HECM Line of Credit, re-payment is only required after the last borrower leaves the home, as long as the borrower complies with all loan terms such as continuing to pay taxes and insurance.

However, in special situations there are ways around this requirement as long as the borrower is willing to sacrifice.

The money from a line of credit can be withdrawn at any time as long as the borrower remains within the credit limit.

In March, the Department of Education announced that it was rescinding a rule that prevents student loan servicers from adding collection fees on defaulted loans as long as the borrower is in repayment or rehabilitation within sixty days of default.

As long as a borrower can meet that basic criteria and has a regular source of income to pay back the loan, he or she can typically qualify for the car title loan quite easily.

There are no spending restrictions as long as the borrower can honor their end of the deal.

The HELOC boasts flexible rates and it can be used at any time as long as the borrower stays within the credit limit.

With an HELOC, a borrower can take out money at any time as long as the borrower stays within the credit limit.

As long as the borrower meets income and credit criteria, NFCU releases your cosigner at the requested time.

However, a person who has a shorter history of self - employment — 12 to 24 months — may be considered, as long as the borrower's most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

As long as a borrower is employed, has a bank account, and is a US legal adult, he or she can be approved instantly.

«The big plus is the potential for wealth building,» Pinto said, since the authors found the average maturity of fixed - COFI mortgages to be 23 years, so long as the borrower did not refinance or extract equity.

The number of conventional to FHA refinances has almost doubled in the last year, and as long as borrowers meet a few simple requirements, they will qualify for a more reliable FHA refinance.

In special circumstances, a multi-unit building can be purchased with a VA loan as long as the borrower intends to occupy one of the units.

The 0.25 % auto - pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto - pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account via Automated Clearing House («ACH»).