Sentences with phrase «nature of the loan»

Due to the short term nature of the loan, the lenders are able to use a different set of criteria than those required for long - term, higher - risk circumstances.

The secured nature of the loan does not, however, mean that repayment of the loan is guaranteed because the loan outstanding may exceed the property net sale proceeds.

The unsecured nature of these loans results in a higher interest rate than some secured loans.

Due to the inherently riskier nature of these loans, lenders usually charge subprime borrowers considerably higher interest rates as a way to compensate for the added risk.

It's perfectly reasonable, given the short - term nature of the loan, to look at different qualifications than for a long - term loan.

The interest rate charged, due to the unsecured nature of the loan, is rather high.

One relates to the ownership of the property and the other to the reverse mortgage loan and the non-recourse nature of the loan.

Thus the very nature of a loan has probably changed as well, as one letter said, becoming kind of «joint venture» - a partnership that the Church has always allowed.

These loans are also purchased at purchase prices that are discounted (often substantially so) to the contractual loan balance that reflects primarily the non-performing nature of the loan.

Given the brief nature of these loans, they're best for handling things like sudden emergency expenses, temporary cash flow interruptions, preparing for a seasonal spike in business, and short - term expansion needs.

Among other things, the FHFA claims that the banks misrepresented the quality of the securities in order to sell them, downplaying the high - risk nature of the loans.

The secured nature of the loan means if the borrower defaults on a loan then the lender has a means to recoup part or all of the outstanding balance by seizing and then selling the asset.

The lender does not ask you to reveal the reason that you need to borrow money because of the personal nature of the loan, which means you are free to use the money on anything that you see fit.

While this may seem like a small amount, due to the short term nature of the loans, any more can be harder to pay back in one fixed amount, with interest, fees and charges added on top.

Home equity loan: Similar to a home equity line of credit, home equity loans can offer lower interest rates due to the secured nature of the loan.

Interest rates and fees vary depending upon the lender and can be influenced by the nature of the loan, the loan term, and the creditworthiness of the business borrower.

Depending upon the nature of the loan, periodic payments will be either daily or weekly, allowing the small business owner to spread the burden of debt service throughout the month, rather than requiring one larger payment at the end of the month.

It varies based on the insurer being used and the nature of the loan.

Rather, it appears to reflect differences in the nature of loans and borrowers across the two types of loan products.

It varies based on the insurer being used and the nature of the loan.

It is important to educate yourself as to the nature of these loans to know whether or not you can receive a bad credit military loan.

However, the nature of these loans, though special due to your status as a service member, is still not as favorable as loans offered to those with good credit.

To avoid any misunderstandings regarding the nature of your loan, you must know as much as you can about the scheme before signing any document.

Due to the nature of these loans, the money may be in your account within a few hours of your application being approved.

Due to the short - term nature of the loans, the lenders have the opportunity to assist potential borrowers who may have had credit problems in the past, by using a different set of criteria to make their decisions.

Because of the nature of the loan, it comes at a higher interest when compared to other financing alternatives.

But the nature of the loan may also play a role.

Loss of Federal Benefits: Parent PLUS Loan refinancing changes the nature of the loan from federal to private.

This compensation is financed by the funding fee which can vary based upon the nature of the loan.

Due to the nature of these loans, only the near - past credit history is significant (unless of course there is a bankruptcy on your credit report).

Reverse mortgage programs are attractive because the nature of the loan helps seniors live in their homes longer and postpone any drastic changes to their lifestyle.

That way you know everything that is necessary about us and the nature of the loans.

Do to the nature of these loans, HARP Refinance Loans require a quote from an actual Loan Officer - Click here for a HARP Refinance Quote

Lenders also are wary of the risks associated with bankruptcy due to the non-recourse nature of the loans.

Interest rates and fees vary depending upon the lender and can be influenced by the nature of the loan, the loan term, and the creditworthiness of the business borrower.

Clearly the term and nature of the loan can be flexed to ensure the lender remains within their comfort zone for any given scenario.

«Depending on the nature of the loan, this could be a successful solution, as forbearance often gives a lenient window,» says Sacha Ferrandi, founder of Source Capital Funding.

The coverage of insurance depends on the loan amount, moratorium period and rate of interest, sum assured for the members, and the nature of the loan.

The credit providers offer different percentages of commissions for the brokers, and this can, therefore, influence the nature of the loan you are provided with.

Instead of getting yourself into nasty debt spiral when you need to resort to your retirement savings, you should understand the nature of your loan.