Sentences with phrase «main purpose of these loans»

The main purpose of this loan is to help out the retired who have limited income.

Though, as said before, the main purpose of these loans is to help those who need to reduce their debt in order to avoid further worsening of their current financial situation, they are also used for attending to urgent needs that can not be postponed specially when related to certain accidents or illnesses that imply high medical bills that otherwise couldn't be covered.

The main purpose of a loan contract is to define what the parties involved are agreeing to, what responsibilities each party has and for how long the agreement will last.

The main purpose of the loan is to build or improve a low credit score.

Not exact matches

«One of the main purposes of the SBA was to allow people to buy a business who might not qualify for a traditional loan, but now if you want to buy a $ 2 million business and your house only has $ 500,000 in equity, that's not enough,» he said.

These loans, which are the main purpose of banking, were a mere 17.3 % of bank credit in December 2008, but fell to 14.6 % of bank credit in late January.

The main purpose of recasting is ensure the loan is paid off within the scheduled amortization period.

The main potential issue will be that many (maybe all) unsecured personal loan providers will want some indication of the purpose of the loan, and you will need to be honest with them about this or it would be fraud.

The financial leverage you get from a loan is one of the main purposes of investing in rental property.

The main purpose of the VA home loan program is to help veterans finance the purchase of homes with favorable loan terms and at a rate of interest which is competitive with the rate charged on other type of mortgage loans.

Consolidating debt through an unsecured loan is one of the main purposes of unsecured loans.

Joe Parsons, a senior loan officer, mortgage broker and banker at PFS Funding in Dublin, Calif., explains that the main purposes of debt consolidation are:

The main purpose of the VA home loan program is to help veterans finance the purchase of a home with favorable loan terms and a competitive interest rate when compared to other mortgage loan programs.

For an IRRRL, the main goal is to get a lower interest rate, so the appraised value of your home at the time of the original loan is sufficient for underwriting purposes.

The main purpose of it is to make home loans more available.

The main purpose of life insurance is to provide a tax - free lump sum of money to your loved ones, and you're putting that at risk when you take out a loan.

The financial leverage you get from a loan is one of the main purposes of investing in rental property.