Sentences with phrase «obtaining new loans»

While it absolves you of the debts you owe (except for monies owed in child support & alimony or unpaid income taxes), it makes obtaining new loans or credit cards extremely unlikely for at least a year or two and perhaps longer.

The latter peddle their services to people struggling with debt, but they can charge unrestricted fees for helping consumers obtain new loans into which borrowers can consolidate their debt.

Student loan refinancing is a process by which a borrower can obtain a new loan — typically with a lower and / or fixed interest rate — to pay off one or more private and / or federal student loans.

Balloon loans may have a better interest rate, but you will have to be prepared to pay the remaining balance of the loan in full (or obtain a new loan) at the specified time.

For the FHA loan, borrowers typically must wait between 24 and 36 months to obtain a new loan depending on the negative credit event and the debt conditions.

You can receive funds at closing by obtaining a new loan for more than the balance on your existing loan if you have sufficient equity in your home.

Refinancing is the process of obtaining a new loan, either with the same lender or a different lender, on an asset you already own.

Debt consolidation is created to help people repay their numerous debts by obtaining a new loan.

If their house won't appraise for the value needed to obtain a new loan, they are stuck in their current contract with potentially unfavorable rates in the later years (9.9 % above prime was not unheard of.)

Student loan refinancing refers to obtaining a new loan and using it to pay off the old loans.

* A new borrower for the IBR plan has no outstanding balance on a Direct or FFEL Program Loan as of July 1, 2014, or has no outstanding balance on a Direct or FFEL Program Loan when he or she obtains a new loan on / after July 1, 2014.

Balloon loans may have a better interest rate, but you will have to be prepared to pay the remaining balance of the loan in full (or obtain a new loan) at the specified time.

However, actually transferring that property can be complicated since it may involve signing over a vehicle title, obtaining a new loan or recording a new deed.

Poor credit: The borrower may have a heavy down payment or excellent equity built - up in their house, but if their credit score is under a certain threshold, obtaining a new loan or refinance from a traditional bank is challenging.

That allows the new owner to take over your FHA loan without the additional cost of obtaining a new loan.

Not exact matches

A new $ 3.1 billion loan was obtained to keep the stores open during the turnaround effort, but results worsened during the holidays, hindering the chain's viability.

For example, if you have a new business idea but no money to invest, and insufficient credit history to obtain a commercial loan, then you can go into a partnership with somebody who has money to invest.

In financing their own education, «most of this debt is more recent... student loans borrowed when returning to college to finish an undergraduate degree, to switch to a new occupation or to obtain a graduate degree.»

Investors would receive the company's own cryptocurrency on loan and obtain bonuses for signing up new people.

New loans were hard to obtain.

Dennis Daniels, financial adviser for the district, said Wednesday that the Park District could probably obtain an interest rate on a new loan of 5.5 percent.

As early as January 2010, Singh asked Mangano, who had just become county executive, to help him obtain the town loan guarantees, and Mangano told him «it would get done,» Eastern District prosecutors Catherine Mirabile, Lara Treinis Gatz and Raymond Tierney say in their new motion.

Dauda had also testified that Aso Savings and Loans Ltd had stood as guarantor to Abuja Urban Mass Transit when they obtained a loan of N1.8 billion from the former Oceanic bank for the acquisition of new buses.

«On further inquiry, we found out that they mangled the fact that the loan is 2015 general election motivated; by dishing out the lame excuse that the loan is to enable Governor Chime's administration complete ongoing projects and also offset previous loan facility obtained from a new generation bank, which interest rate was jerked up astronomically.

Aurora Expeditionary Learning Academy turned to CSDC to obtain a tenant improvement loan of $ 875,000 to be used for new construction and refinancing.

From taking our time to ensure our customers have the best car buying experience when choosing a new Chrysler, Dodge, Jeep or RAM model, to making sure each of our clients obtain the car loan and Chrysler, Dodge, Jeep, RAM lease that he / she is most comfortable with, our commitment to you is unsurpassed.

The money obtained from the new loan is used to fully cancel the previous loan and thus, the relation between the borrower and the first lender is extinguished.

When the mortgage markets collapsed and the housing agencies started hemorrhaging cash, they instituted new fee policies known as Loan Level Pricing Adjustments (LLPA) and Adverse Market Delivery Charges (AMDC) as a means to fix their balance sheets on the backs of homeowners that were still able to obtain loans.

Consumers are able to compare interest rates, educate and inform themselves about loan lenders, terms and payments and obtain pre-approval on loans to facilitate the new car negotiation process.

If you browse borrower backstories on various P2P lending websites you'll see people hoping to obtain loans for everything from paying their rent, to opening a new small business, to getting surgery.

The credit rules might not be fair or make sense, but whether you want to obtain a student loan or turn the utilities on in your new apartment, you're going to need credit.

However, if that is not the case, you can always refinance the balloon mortgage loan and obtain a regular mortgage loan with a new repayment program with affordable installments.

Generally, changing employers frequently will not hinder you from obtaining a new mortgage loan, especially if you didn't have periods without employment.

Basically, mortgage refinancing consists on replacing an existing home loan with another one, using the money obtained from the new loan to cancel the previous outstanding loan.

The process of paying off one loan with the proceeds from a new loan using the same property as security, usually, for the purpose of obtaining a lower interest rate, converting accumulated equity into cash, or both.

As long as the loan is repaid, the borrower may obtain more money up to the limit of the agreement without having to apply for a new loan.

Refinance Obtaining a new mortgage loan with a lower interest rate in order to pay off a different mortgage on the same property.

With foreclosures, it will take at least 5 years, but probably closer to 7 years, to obtain a new mortgage loan.

Reaffirmation and your credit score In addition to inquiring about the best ways of obtaining new credit cards, your questions about reaffirming the auto loan are particularly good ones, as even bankruptcy attorneys often don't know such credit scoring specifics.

According to a report obtained by our correspondent from the National Pension Commission titled: «Accessing RSA via residential mortgage option», the spouses must meet laid down requirements, and will start accessing the loans when the commission commences the implementation of the new guideline.

Bad credit should not prevent you from purchasing a new home — you can get assistance in obtaining that dream house by requesting a loan.

Part of their mission is to help students obtain new, affordable loans.

Only in certain circumstances can federal student debt be consolidated more than once: If you have obtained an additional federal student loan after your previous student debt consolidation was completed, you will be able to add the new federal student loan to the previous consolidated federal student debt loan and consolidate it once again.

Before you begin the application process to obtain a new unsecured loan, you might want to consider a little bit of legwork before you begin in order to...

They are interested in obtaining a 36 - month new auto loan with a Loan Amount of $ 25,loan with a Loan Amount of $ 25,Loan Amount of $ 25,000.

Identity theft occurs when a thief obtains — and illegally uses — your identifying information, such as your Social Security number (SSN) or your credit card or checking account numbers, to open new credit accounts and apply for loans in your name.

Risk factors for obtaining a loan for trucks include being a new business, having poor credit, being an owner - operator, having low cash reserves, and buying an old truck.

For example, a subprime credit score will have your credit card interest rates skyrocketing and prohibit you from obtaining a new car loan or mortgage with decent terms.

Foundation Mortgage can also advise you on the pros and cons of obtaining home mortgage financing now vs. rebuilding & further reestablishing your credit prior to applying for a new loan.

Mortgage refinancing, in simple layman terms, refers to the process of obtaining a new secured loan to repay an existing mortgage loan on the same property.