Sentences with phrase «making payments to the lender»

These loans are unique in that instead of making payments to the lender, borrowers receive money from the lender that helps them subsidize their retirement savings.

In conventional loans, you have to make monthly payments whereas in this type of loan, you don't have any obligation to make payments to the lender.

If the insurance company has made a payment to your lender, they can ask you to pay them back this amount.

You will make your payments to your lender, the organization that made the loan initially.

The orange arrow is how frequently you will make payments to your lender.

With respect to mortgages, it means going 90 days without making payment to your lender.

In most cases, in addition to past hardship, the borrower must demonstrate the ability to make payments to the lender before a loan will be modified.

In general, a loan modification is a voluntary restructuring of debt by the lender to make it possible for a borrower to remain in the home and to make payments to the lender under new terms.

You shouldn't ever have a third - party company offer to make payments on your behalf - especially if they say something like «stop making payments to your lender and make your payments to us.

In the case of a traditional home loan, the borrower makes payments to the lender, using their home as collateral.

Unlike a traditional mortgage where a homebuyer makes payments to a lender over time, a reverse mortgage is the exact opposite arrangement, where a lender makes payments to a homeowner in exchange for equity in the home.

With forward mortgages, the borrower also must make payments to the lender each month until the loan is paid off.

Home Equity Conversion Mortgage (HECM) Usually referred to as a reverse annuity mortgage, what makes this type of mortgage unique is that instead of making payments to a lender, the lender makes payments to you.

These loans are unique in that instead of making payments to the lender, borrowers receive money from the lender that helps them subsidize their retirement savings.

If the couple stops making payments to the lender and the home is foreclosed, a portion of the loan will be reimbursed by the PMI company.

Your trustee makes payments to the lender.

Instead of making payments to the lender, the lender makes payments to the borrower.

Not exact matches

Many lenders allow you to make payments during the grace period.

If borrowers make extra payments, they need to tell their lenders where the additional money should go.

If it does and you've been making all of your payments on time, ask the lender to release your co-signer.

Collateral is the security used to ensure your lender has a secondary source of repayment in case you are unable to make payments on your SBA loan.

The risks are heightened to the degree that vulnerable, non-prime borrowers are using funds borrowed from smaller or less well - regulated lenders to make larger down payments.»

Basically, a reverse mortgage gives you access to the equity in your home, and your lender makes a monthly payment to you.

New mortgage rules this year mean federally regulated lenders must subject homebuyers seeking uninsured mortgages to a stress test to ensure they can continue to make payments even if rates rise.

Instead of making monthly payments to the lender, as per a traditional mortgage, the lender makes payments to the borrower throughout their lifetime.

Among protections in the proposal, lenders would need to conduct an upfront «full - payment» test to determine if borrowers will be able to pay the loan without compromising other financial obligations and without needing to reborrow (a cycle that piles on fees and interest, making it harder to dig out).

The lender always wants to make sure you can afford your monthly payments.»

That might not seem very fair, but jumbo loans usually seem less risky to lenders because the people who apply for them are considered more likely to make their mortgage payments on time each month.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

To ensure you can afford the monthly mortgage, many lenders will require you to have made a year's worth of payments on your current mortgage before applying for a cash - out refinance loaTo ensure you can afford the monthly mortgage, many lenders will require you to have made a year's worth of payments on your current mortgage before applying for a cash - out refinance loato have made a year's worth of payments on your current mortgage before applying for a cash - out refinance loan.

Making payments electronically is an innovation designed to make small business loan payments seamless and easy for both the borrower and the lender.

The terms of cosigner release depend on the lender, but typically, the borrower needs to prove they have made on - time payments and have sufficient income to pay back the loans on their own, without your help.

The On Deck system also leverages the proliferation of various electronic payment networks to offer the first - of - its - kind daily direct debit automated servicing platform to make loan repayment easier for businesses and more reliable for lenders.

In addition to revenue, many lenders will want to validate your business has the cash flow to make the periodic payments; and many traditional lenders usually require two years of profitability in addition to revenues closer to $ 1 million dollars.

The interest rate is expressed as a percent of the total loan amount and your lender will add it to the principal to calculate the monthly payments you'll need to make to pay off the loan by the end of its term.

If your lender requires a more frequent periodic payment, it's important to make sure your business has the appropriate cash flow to accommodate the payment schedule.

Your APR is determined by a few key data points you'll see on your offer sheet — the total loan amount, origination fee, the total amount you'll eventually pay back to the lender once the loan has run its course, and the number of payments you'll make.

«Detailed questions regarding foreclosure procedures should be avoided, especially in the early stages of the mortgage application process,» says Rhett Struve, realtor for Keller Williams Premier Realty in Lake Minnetonka, Minn. «Lenders will view this negatively because it displays a potential inability to make the necessary monthly payments.»

It's also a good idea to know how much you can afford for the home and how much of a down payment you can make so the lender can give you personalized recommendations, said Quinn.

That's why, when providing interest - only loans, prudent lenders will carefully assess the borrower's ability to make both interest and principal payments.

Remember, most lenders want to know that you can repay a loan (which is why they ask about revenue, cash flow, and other financial metrics), will you repay a loan (which is demonstrated by your past credit behavior and why your credit profile is so important), and that they can count on you to make each and every payment in a timely manner regardless of what happens during the loan term.

You'll need to demonstrate to a future lender that you can, and will, make your loan payments on time, despite a past bankruptcy.

Regardless of whether or not your chosen small business lender uses the SMART Box disclosure, in addition to some basic considerations like amount borrowed, payment frequency and amount, and the term of the loan, understanding the following will help you make a more informed loan decision:

Lenders give you access to a specific amount of credit (say, $ 100,000), but you don't make payments or get charged interest until you tap into the funds.

Nevertheless, traditional lenders are likely to weight the value of your personal score more heavily than many online lenders do, so if you have an otherwise healthy business and can demonstrate that your business has the cash flow to make timely loan payments, it is possible to qualify for a loan with a less - than - perfect personal credit score.

Venture lenders (individuals or groups with a pool of money, or specialized banking organizations)-- they may provide term and short - term loans to technology businesses earlier than these loans would become available from traditional financial institutions; however, these loan facilities are usually reserved for businesses that have received venture capital investment and / or can demonstrate their ability to make loan payments from cash flow.

«Lenders agree to re-age accounts to help borrowers and to encourage them to keep making payments,» he says.

Unlike some other lenders, OnDeck reports your business credit history with us to a number of business credit bureaus; so long as you make timely payments, that positive credit history helps your business build a strong profile.

While you likely won't have income - driven repayment plans to choose from, your lender may lower your interest rate or let you make interest - only payments for a period of time.

That being said, some private lenders offer flexible repayment plans if you're struggling to make monthly payments.