Sentences with phrase «meet loan obligations if»

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.

Not exact matches

The authors conclude that market participants may be willing to pay interest on money they lend if the loan is collateralized with securities that allow them to meet delivery obligations.

If you're making enough money to fulfill your debt obligations, have good or excellent credit or can produce a cosigner, a College Ave Refi loan may meet your refinancing needs.

The good news is, if this is the case for you, then your reverse mortgage lender can arrange to set aside some of your loan proceeds to pay these recurring expenses so you can still get the loan and meet your financial obligations.

If your loan payment is rejected for any reason by your bank, the lender may initiate collection procedures and you will be prevented from receiving future loans from the lender until all of your payment obligations are met in full.

These can help out if you want to get your loan paid off as fast as possible, or if you're having trouble meeting your monthly obligations.

• Further explain a reverse mortgage • Tell you about reverse mortgage product options • Go over reverse mortgage costs, such as the total annual cost • Help you determine your borrower eligibility • Help you determine if you can afford a reverse mortgage • Help you determine if you can meet all financial obligations such as maintaining your taxes and insurance • Expose you to alternative options like tax deferral programs, grant money, financial assistance, etc. • Explain how your choice can impact your heirs and estate • Go over loan comparisons

If you really can not afford the payment on a particular month, instead of paying late or missing a payment, you should take a small unsecured loan that is processed really fast and use the money for meeting your obligations and buying some time to recover from your lack of cash problem.

In other words, it means that if one needs around 50 % of his income to meet his personal expenses, the other half is committed towards fulfilling his fixed obligations including the home loan.

You could lose your home, and all money you have invested in it, if you do not meet your obligations under the loan, including making all your payments.

The lender will want to know if you have enough money left over every month after you meet your necessary obligations (rent, mortgage, car payment, utilities, credit cards, etc.) to pay back the loan.

If the service obligation is not met, the grant is converted to a Direct Unsubsidized Loan.

But if you're committed to rebuilding your financial profile and meeting all obligations moving forward, the VA home loan program may still be a viable vehicle for a home purchase.

If you can't meet your obligations with the money you have coming in now, a payday loan isn't the answer.

When you are having trouble meeting your monthly obligations, it may be to your advantage to refinance your mortgage especially if you can get a lower interest rate or change the other terms of the loan.

The decision to return to school, and to finance that education with student loans, could well mean that if these people are not able to find a job that will both support their lifestyle and meet their debt obligations, they could lose their primary residence.

If you are in financial distress, and can not meet your debt obligations temporarily; but has a regular income, to possibly pay your loans under a more lenient payment plan; then, Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code is ideal for you to pursue.

- Have you considered what you will offer as collateral (the asset or assets that will be transferred to your lender if you can not meet your loan obligations) should your lender want loan security - Have you lined up a cosigner (someone who agrees to be liable for the debt if the borrower can not repay) should your lender request one?

But to obtain this lower interest rate, the loan must be secured by your assets, usually home equity, putting your home at risk if you fail to meet obligations.

Students who meet loan forgiveness obligations will have their loans forgiven beginning after the first two years of full - time teaching, up to $ 6,000 for each year of teaching if the student teaches in a school district impacted by critical educator shortages.

When you cosign a loan, you agree to be 100 percent responsible for that loan if the primary borrower fails to meet their obligations.

The mortgage gives the lender the right to collect payment on a loan and to foreclose if the loan obligations are not met.

A reverse mortgage loan will become due if the borrower fails to meet the obligations of the loan, which include timely payment of property taxes, insurance and any homeowners association fees, and maintaining the property.

If you are able to comfortably meet your current obligations, ask your Realtor and Mortgage Banker to put together some scenarios for you so you can evaluate how much money you will need for the transaction (both to purchase your second home and to qualify for the loan) and whether you will retain enough liquidity after closing to support both properties.

From the initial loan application form: «If new and / or additional debts or obligations are identified prior to closing the mortgage loan, the Lender may re-underwrite the application to assess loan program qualifications are met.

It could actually boost a person's credit score and increase the chance for mortgage approval, especially if the borrower (A) has made all loan payments on time and (B) has sufficient income to meet those obligations.

It's simply more affordable to take out a small online payday loan if you anticipate having a problem keeping your balance high enough to meet your obligations.

If a portion, or all of a home is purchased by means of a mortgage, the lending institution has an interest in the home until the loan obligation has been met.

If you have student loan debt and you're having difficulty meeting your financial obligations, you may be wondering, «Can I include my student loans in bankruptcy?»

If students find themselves unable to meet their student loan obligations, a loan deferment may be necessary.

The loan may also be due if the borrower (s) no longer meet the loan obligations.2

Although borrowers were accustomed to having no credit requirements before this change, they are now evaluated more thoroughly, allowing at - risk borrowers with the means to meet their loan obligations, if needed.

The good news is, if this is the case for you, then your reverse mortgage lender can arrange to set aside some of your loan proceeds to pay these recurring expenses so you can still get the loan and meet your financial obligations.

But you don't have to make any repayments, if you choose not to, as long as you keep living in your house and meeting your loan obligations to maintain the property and pay property taxes and insurance premiums.

If your lender fails to meet its obligations under the terms of the Loan Agreement, FHA can step in and assume responsibility for the loan, so that you continue getting uninterrupted access to your fuLoan Agreement, FHA can step in and assume responsibility for the loan, so that you continue getting uninterrupted access to your fuloan, so that you continue getting uninterrupted access to your funds.

If the company servicing the loan can no longer meet its obligations, FHA assumes responsibility for the loan, providing the borrower with uninterrupted access to any remaining reverse mortgage proceeds.

• Further explain a reverse mortgage • Tell you about reverse mortgage product options • Go over reverse mortgage costs, such as the total annual cost • Help you determine your borrower eligibility • Help you determine if you can afford a reverse mortgage • Help you determine if you can meet all financial obligations such as maintaining your taxes and insurance • Expose you to alternative options like tax deferral programs, grant money, financial assistance, etc. • Explain how your choice can impact your heirs and estate • Go over loan comparisons

Loan maturity usually occurs if borrowers leave the home for more than twelve consecutive months and, in less usual circumstances, if the borrowers do not meet their financial obligations.

Closing Disclosure statement - details all funds changing hands between the buyer and seller Truth in Lending statement - a final summary of the terms of your loan Mortgage note - a legal obligation to repay the lender according to stated terms Deed of trust - the legal transfer of ownership; gives the lender a claim against your home if you fail to meet the terms of the mortgage note Affidavits - any binding statements by the buyer or seller Riders - any contract amendments that impact your rights Any additional documents required in your state