Sentences with phrase «only guarantee the lender»

The only guarantee the lender has is your promise that you'll pay the loan back.

Not exact matches

It's «only natural» the IMF will want to see an economic policy that «guarantees» the lender «will get its money back,» he said yesterday.

By the end of January, the Italian government managed to strike a deal with the European Commission (EC), which allowed the country's lenders to offload their poor - quality debt to private investors, along with a government guarantee to protect buyers of bad loans — but which would cover only the safest portions of the loans.

Overall, Guaranteed Rate's products come with highly competitive rate estimates: not only are its rates lower than average for each loan type, they are actually packaged with lender credits that can reduce your closing costs.

This is the only loan program offered by the SBA where the administration lends directly to borrowers (in almost all other cases, the SBA just guarantees loans that other lenders make).

It did not only cause borrowers to seek unsecured financing in fears of unforeseen future, but also showed lenders that there are no absolute guarantees of repayment.

With a government loan like an FHA mortgage, lenders require only a 3.5 percent down payment, increasing the loan guarantee to a maximum loan amount of 97.5 percent of the purchase price.

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Note: With the mortgage services who submit your application to more than one lender, it is not guaranteed that you will be matched up with a lender who does interest - only mortgage loans.

The FHA guarantees your loan through approved FHA lenders, which not only makes it easier to qualify for a home loan, it can also save you money each month.

Other things to explore: only guaranteeing new liabilities, or, expanding the role of GNMA, which is a full - faith - and - credit of the US Government lender.

The main problem is that it does not only leave a negative stain on your credit report but it also reduced your assets that could guarantee a loan and your income which is another guarantee for lenders.

The amount of entitlement relates only to the amount VA will guarantee the lender against loss.

And social security or other government benefits (beyond $ 9,000 p / y) may be seized to repay government student loans, under a 1996 law upheld by the Supreme Court in 2005 But if the student loans are strictly private, not guaranteed by the government, then the lender can only use the collection options available to any creditor.

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Getting a personal loan from second chance lenders would not only help you to get the cash you need, but also drive your credit score up, guaranteeing easier approvals in the future.

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5) Most automated online rates quote systems only calculate a «best case» situation, and nothing is guaranteed until the lender has taken a full mortgage application, reviewed all documents v ital to your transaction, including W2's, pay stubs, banks statements, a credit report, and appraisal.

We only submit your information to lenders and we do not guarantee that you will be approved for a loan.

On the other hand, guaranteed loans are only insured by the government — you must find an approved lender who will actually finance the loan itself.

Since unsecured loans are only based on your credit and the loan is not guaranteed with any property, the amount of money that the lender will be able to offer will depend on the risk implied in the transaction.

The VA only guarantees the loan for a certain amount, but it's the mortgage lender who issues the loan.

Its only minus is that it can not guarantee 100 % approval, while this decision is made by the lenders.

Remember, when dealing with an unsecured loan, the lender or retailer has only your word as a guarantee that you will live up to your obligations.

The only problem is you aren't guaranteed to be approved by every private lender, and there isn't a guaranteed list of the easiest student loans to get approved for.

• Credit Card Offers & Approval — A good credit score can not only entice credit card lenders to offer you their coveted Platinum Plans, but help to guarantee your approval.

The language not only uses the «any pattern or practice» language that applies to guarantee agencies and 9.5 % floor income lenders, but also uses «directly or indirectly» language.

A nonrecourse loan does not require the borrower's personal guarantee, and the lender can look only to the art that has been pledged as collateral.

As the only settlement service providers that can offer a guaranteed interest rate, large lenders are thriving while other providers that offer settlement services, including real estate brokers, are faltering.

A prequalification letter is only an estimate of how much you might be eligible to borrow and doesn't guarantee you'll get the loan; a preapproval document from a lender offers concrete details, including how long the offer is valid.

A 10 to 12 percent interest - rate loan commitment from an in - market lender that is well - versed in the project type, realistic about project reserves and execution, and willing to provide flexibility on structuring burn - offs for guarantees may yield a far better execution probability for the project than a 9.0 percent rate loan commitment with soft reserve and guaranty requirements from an out - of - market lender that will accept non-refundable loan due diligence deposits only to fail to close at the time of funding.