Sentences with phrase «obtained permanent loan»

By the end of October, 1.5 million homeowners had obtained permanent loan modifications through HAMP, far fewer than the 3 million to 4 million forecast by President Barack Obama's administration when the program began in 2009.

With this type of transaction, the borrower is able to obtain permanent loan approval, as well as close the interim and permanent loan transaction before construction begins, all in one single transaction.

Not exact matches

When a homebuyer wants to purchase a house in need of repair or modernization, they would typically need to obtain interim financing to purchase the home, additional interim financing to perform the repair work, and then a permanent mortgage to pay off the interim loans after the work has been completed.

Often, borrowers need to obtain a construction loan from a builder or a local lender, then look to refinance that short - term loan into a permanent VA mortgage once the home is ready.

Bridge loans are short term loans provided until a borrower can obtain permanent financing.

It is often advantageous to obtain a bridge loan and permanent financing from the same source, as you might be able to fashion a better deal this way.

Bridge loans are short - term loans made to a borrower until they are able to obtain permanent financing.

Loan forgiveness granted for death or permanent disability of the borrower or if the student on whose behalf a parent obtained the loan Loan forgiveness granted for death or permanent disability of the borrower or if the student on whose behalf a parent obtained the loan loan dies

However, nearly one - third of older borrowers were able to pay off their loans or cancel their debt by obtaining relief through a process known as a total and permanent disability (TPD) discharge, which is available to borrowers with a disability that is not expected to improve.

If you obtain this kind of loan there is a permanent degree of installments required for reimbursement.

FHA 203K Loans When a homebuyer wants to purchase or refinance a house in need of repair or modernization, the borrower usually has to obtain financing first to purchase the dwelling or financing to take out any existing liens should they already own it; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortLoans When a homebuyer wants to purchase or refinance a house in need of repair or modernization, the borrower usually has to obtain financing first to purchase the dwelling or financing to take out any existing liens should they already own it; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortloans with a permanent mortgage.

But in time, the student's only permanent solution to student - loan debt is obtaining a job that pays well enough to start repaying the loan.

When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling, additional financing to do the rehabilitation construction, and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage.

Following an accidental injury to the Insured / Insured Person, which results in Death or Permanent Total Disability, We will pay the Equated Monthly Installment (EMI) of the loan obtained through a Financial Institution or the Sum as specified in the schedule to the Policy

Such situations include short - term loans or bridge loans (a bridge loan is a form of short - term financing for an individual or business until a more permanent source of financing can be obtained).