Sentences with phrase «meet the repayment obligations»

As milk prices have been forced down, many farmers have had to borrow against the equity of their farms, but often without sufficient income to meet their repayment obligations.

An applicant for the KentuckyUSDA mortgage guarantee loan must provide sufficient income verification and a credit history that indicates an ability and willingness to meet repayment obligations.

While having a loan and honouring its obligations can help build credit, too many loans may be seen by potential creditors as an increased risk, and failure to meet repayment obligations will result in a negative report to the credit bureaus, which would reduce your credit score.

Your credit background will be analyzed to determine your ability to meet the repayment obligations as they become due.

QM was issued earlier this year and lays out broad - based lender requirements to ensure loans are made only to borrowers who can reasonably be expected to meet repayment obligations.

Not exact matches

Default is when a borrower simply does not meet his or her repayment obligation.

Money that's left over after you've met all your necessary obligations, built up your emergency savings, and obtained your entire employer match can be funneled into debt repayment, if you still have any left, or used to boost your retirement savings.

Default occurs when a debtor is unable to meet the legal obligation of debt repayment.

There are few signs that the household sector is having difficulty meeting its financial obligations, with personal bankruptcies at relatively low levels and the share of households that have fallen behind in their mortgage repayments at around historical lows.

Defaulting on a loan means that you have not met your obligations when it comes to the terms of repayment.

Default occurs when a debtor is unable to meet the legal obligation of debt repayment.

That is, when a person fails to meet his legal obligation for the repayment of loan.

The short - term liabilities on the hand represent all the equated monthly installments (EMI) payments and all debt repayments that are made in the current year such as the credit card outstanding balance and other obligations met in the current year.

If your debt load means you're struggling to meet your monthly obligation, you may want to consider enrolling in RePAYE (Revised Pay as You Earn repayment plan).

The difference is that poor money management means repayment obligations were largely ignored, while bad luck means that circumstances made meeting the obligation too difficult - for example, wasting money on fast cars and gadgets versus becoming redundant for a period.

The loan will not become due and subject to repayment as long as you continue to meet loan obligations such as living in the home as your primary residence, maintaining the home according to the Federal Housing Administration (FHA) requirements, and paying property taxes and homeowners insurance.

Insufficient Income: Do you earn sufficient income that will ensure that you will be able to meet your monthly mortgage repayment obligations without defaulting?

The best strategy would be if Wells Fargo worked with you to create a repayment plan that allowed you to meet your obligations and begin to build an emergency savings account and save for retirement.

He could be dead before his repayment obligations are met.

Hedging is also used to help ensure that investors can meet future repayment obligations.

The debtor will keep their property as long as they continue to meet the obligations of the repayment plan.

Plus, the new repayment plan might help to improve your overall credit score since you will be able to meet your monthly obligations easier.

Default is when a borrower simply does not meet his or her repayment obligation.

Already having difficulty making ends meet, his lower - than - average income makes it almost impossible for him to manage his debt - repayment obligations once his debts begin to accumulate:

A debt relief program or plan is a repayment plan for consumers who find it difficult to meet their monthly financial obligations.

They may be able to find alternative payment arrangements that will help protect your credit score, while helping you meet your debt repayment obligations.

One - third of Canadians are currently unable to meet their monthly bills and debt repayment obligations, while one in three fear they may face bankruptcy if interest rates go up too drastically.

A married people with a family obviously has more financial obligations than an unmarried youngster and thus, he needs a higher cover that can meet various financial obligations such as child's education and / or marriage, repayment of loan, regular household expenses, even in your absence.

The loan will not become due and subject to repayment as long as you continue to meet loan obligations such as living in the home as your primary residence, maintaining the home according to the Federal Housing Administration (FHA) requirements, and paying property taxes and homeowners insurance.

Default occurs when a debtor is unable to meet the legal obligation of debt repayment.

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.

According to the FHA, HECM loans differ from typical home loans or second mortgages because, «no repayment is required until the borrower (s) no longer use the home as their principal residence or fail to meet the obligations of the mortgage.»