Sentences with phrase «on behalf of the borrower»

With a low - cost or zero - closing cost mortgage, closing costs are paid by the lender on behalf of the borrower.

Otherwise, the cosigner may be required to take over the monthly payments on behalf of the borrower.

Buying a home with a bad credit home loan requires a serious obligation on behalf of the borrower.

This saving is added to by the fact the seller is permitted to pay closing costs on behalf of the borrower as an incentive.

They are more regular, and you are more likely to pay them because they are backed by some collateral or equity on behalf of the borrower.

There is a starting loan size, a mortgage rate which determines your monthly payment, and an obligation on behalf of the borrower to repay the loan to the bank.

HFF worked on behalf of the borrower, Kingsley Management, to secure the 25 - year, fixed - rate, fully - amortizing loan through Lincoln Financial Group.

HFF worked exclusively on behalf of the borrower, a joint venture between KKR, Continuum Partners and the Pioneer Companies to secure the construction loan through a national bank.

Shlomi Ronen, Managing Principal, of Dekel Capital and David Wallenstein, Managing Director of Churchill Capital arranged the new fixed rate loan on behalf of the borrower.

Lenders effectively pay the lump sum PMI payment on behalf of the borrower in exchange for a higher rate.

The lender disburses these funds on behalf of the borrower as the bills become due.

This is because the federal government backs all VA Loans and assumes the risk on behalf of the borrower that is typically covered by the PMI.

Vice Chairmen Charles Foschini and Christian Lee and Vice President Christopher Apone of CBRE's Miami office, in conjunction with CBRE's New Jersey office, negotiated the financing on behalf of the borrower through Principal Real Estate Investors.

Within one business day from notice of rescission, the borrower (s) must return any monies received and fees paid on behalf of the borrower (s) by certified funds.

Property taxes and assessments: Mortgage lenders often oversee paying taxes on behalf of borrowers; they typically require two months of funds for taxes to be paid at closing.

Only the borrower, or the borrower's guardian, conservator, or authorized legal representative can call to schedule a counseling appointment; family members can not call to request counseling on behalf of the borrower.

Some private companies will attempt to get frazzled borrowers to pay them a fee for «help» obtaining a Direct Consolidation Loan, or charge a fee to submit the application on behalf of the borrower.

If the GVS doesn't accept the value as applied, the lender or the insurer (CMHC, Genworth or Canada Guaranty) will ask the broker to order an appraisal on behalf of the borrower.

HARDEST HIT FUND STATE PROGRAMS In general, the Servicer is supposed to inform the consumer of help programs and initiate the communication with the program on behalf of the borrower.

This is typically financed by the lender and paid to the FHA on behalf of the borrower.

The 2nd lien holder will be able to foreclose on the property if they make loan payments to the 1st lien holder on behalf of the borrower in order to keep the 1st loan current.

Represents numerous clients in providing non-consolidation and true sale opinions on behalf of borrowers, and reviewed opinions for lenders and trustees, in many structured finance and asset securitization transactions.

Jon Estreich, president of Estreich & Co., arranged the debt on behalf of the borrower.

The Aztec Group team of Jason Shapiro and Sean Harrington worked on behalf of the borrower acquiring the shopping center for $ 31.5 million.

«The financing terms achieved on behalf of the borrower in this transaction speak to the strength of both the ownership and the retail asset, as well as lenders» appetite to finance suburban, grocery - anchored shopping centers such as this one.»

DARA deals on behalf of the borrower on mature CMBS, bank, and institutional real estate loans.

CHICAGO — Aries Capital's Eric Jones, vice president, completed a loan for two multifamily properties in Chicago's Lincoln Park neighborhood totaling $ 2.73 million on behalf of borrowers Douglas Crocker II and Matt...

A look at HUD 4155.1 revealed no language that included a requirement for the seller to pay closing costs on behalf of the borrower for an FHA home loan.

The financing was arranged on behalf of the borrower, an affiliate of Purchase, N.Y. - based National Realty & Development Corp..

The 22.5 - year, self - liquidating financing was placed with AEGON USA Realty Advisors Inc. on behalf of the borrower, affiliates of Purchase, N.Y. - based National Realty & Development Corp. and Tarrytown, N.Y. - based Gibraltar Management.

TIP: The National Flood Insurance Reform Act of 1994 allows lenders to purchase flood insurance on behalf of borrowers / owners of properties in special flood - hazard areas and charge the cost back to the borrowers.

The 16 - year term loan with a 30 - year amortization schedule was arranged by Dougherty's Minneapolis office on behalf of the borrower, Amorce II Limited Partnership.

HFF worked exclusively on behalf of the borrower, a joint venture between Madison Marquette Retail Enhancement Fund, Barron Collier Companies and The Lutgert Companies to secure a five - year, floating - rate bridge loan through managing director Dan Martin and senior relationship manager Andy McLay at GE Capital Real Estate.

Typically, a parent, grandparent, other family member, or friend will cosign a student loan on behalf of a borrower.

HFF worked on behalf of the borrower, a subsidiary of EVOQ Properties Inc., to secure the three - year adjustable - rate loan through Olen Properties.

An insurance that can be secured by a lender on behalf of a borrower to protect the lender in the event of the borrower's default.

After an offer is selected, PNC will verify employment, income, credit history, and school attendance and costs before disbursing the funds on behalf of the borrower.

This is because the federal government backs all VA Loans and assumes the risk on behalf of the borrower that is typically covered by the PMI.

William Luedemann, senior vice president, and Lori Sowa, vice president with NorthMarq's Houston office, arranged the financing on behalf of the borrower, FM 3009 Horizon LP.

FHA lenders are not permitted to make mortgage payments on behalf of the borrowers or otherwise bring the existing loan current to make it eligible for FHA insurance

David Dismondy of Bernard arranged the loan on behalf of the borrower, 50625 RWB LLC.

The targets of the most recent Betsy DeVos reversal include two Obama - era memorandums aimed at requiring student loan servicers to work on behalf of borrowers.

Originate A lender is said to originate or make a loan when the loan is disbursed to or on behalf of the borrower.

In a partial claim, the lender or mortgage servicer advances funds, or the amount in arrears, on behalf of the borrower to reinstate the delinquent loan.

A combination of a lost payment and miscommunication about who was responsible for paying the interest on the loans resulted in a balance after the Army had made all their required payments on behalf of the borrower.

Prosper services the loans on behalf of both borrower and lender.