Sentences with phrase «other loan obligations»

Your payment history on credit cards and other loan obligations makes up 35 % of your FICO credit score.

As much as two - thirds of online lending portfolios that have been sold to the market in recent months contain consolidation loans, Pratt says, which essentially are loans desperate borrowers take out to get out of other loan obligations.

Not exact matches

Under the rule, lenders will need to conduct an upfront «full - payment» test to determine if borrowers will be able to afford to repay the loan without compromising other financial obligations.

Among protections in the proposal, lenders would need to conduct an upfront «full - payment» test to determine if borrowers will be able to pay the loan without compromising other financial obligations and without needing to reborrow (a cycle that piles on fees and interest, making it harder to dig out).

Debt obligations issued by states, cities, counties, and other public entities that use the loans to fund public projects, such as the construction of schools, hospitals, highways, sewers, and universities

Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; Not be suspended or debarred from participation in federal programs.

In that case, if he can deliver the shares to the lender when prices have fallen, and retain no other contractual obligation (either because it is a non-recourse loan, or because he has no other attachable wealth), he has in effect a put option from the lender that substantially matches the put option he has transferred to employees who buy shares under the program.

As with other lenders, if your business has sufficient cash flow to support a loan payment, you haven't declared bankruptcy in the past 24 months, and are current with your personal obligations like your rent or a mortgage for the last year, you may qualify.

Interest coverage is the equivalent of a person taking the combined interest expense from his or her mortgage, credit card debt, automobile loans, student loans, and other obligations, then calculating the number of times it can be paid with their annual pre-tax income.

But what actually is happening is that most Americans are having to pay down their mortgages, student loans, credit - card debts and other obligations.

Know your DTI: Add the minimum monthly payments on your credit cards, car loans, student loans and other credit obligations to your estimated mortgage payment to get your total debt figure.

Student loan repayment is an obligation that can not be avoided, regardless of the other financial goals a borrower wants or needs to achieve.

Investors holding floating - rate loans are considered preferred creditors relative to the issuer's other obligations: If the issuer defaults, loanholders will be paid before other investors, including bondholders.

Moreover, other markets such as the primary issuance market for collateralised loan obligations virtually closed as investors shunned new issues, forcing banks to expand their own balance sheets and retain the loans they had originated but had been intending to package and sell to investors.

«Affordability may vary depending on total debt obligations such as your student loans, auto loan or mortgage, other fixed expenses, and requested loan term,» Foley explains.

The unit, the chief investment office (CIO), has been the biggest buyer of European mortgage - backed bonds and other complex debt securities such as collateralized loan obligations in all markets for more than three years... The unit made a deliberate move out of safer assets such as US Treasuries in 2009 in an effort to increase returns and diversify investments.»

As with other debt obligations, defaulting on a student loan will send a borrower's credit score plummeting, from which it can take years to recover.

Mortgage lenders must weigh the borrower's income and assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt obligations.

Includes 2,028,516 shares which were pledged in connection with loans used to fund tax and other obligations associated with vesting and delivery of equity incentive awards and purchases of Company shares.

HUD's Sullivan says your debt - to - income ratio — including the new mortgage, credit cards, student loans or any other monthly obligations — must be 50 % or less for an FHA loan.

What I find puzzling is the obsession with consensual and faithful gay relationships when Scripture says much more about divorce and remarriage (every single sex act with a second spouse is ALWAYS adultery unless someone is unfaithful and that the only moral choice is reconciliation with your first spouse or lifetime celibacy — 1 Cor 7:10 - 11), charging interest on a loan, our moral obligation toward the poor and other things most conservative Christians ignore.

(c) The term «loan guarantee» means any Federal government guarantee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions.

The term secured loan means a direct loan or other debt obligation issued by an obligor and funded by the Secretary in connection with the financing of a project under section 603.

Credit and banking history This would include any information about other outstanding loans or other financial obligations you may have, as well as how you've fared in the past financially.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

The only certain way to protect yourself from this happening is to keep your cash (checking and savings) accounts in a different institution from the bank that has your auto loan, credit card, credit equity line, and any other obligations you've incurred.

Other regulations include a limitation on lender origination fees, and a financial assessment to evaluate your ability to fulfill loan obligations such as the payment of property taxes and regular upkeep of your home.

Owe more than $ 7,500 in unsecured obligations, which include personal loans, credit cards, payday cash advances, and others.

At the time you repay this loan, you should have sufficient funds to meet your other financial obligations.

As with other debt obligations, defaulting on a student loan will send a borrower's credit score plummeting, from which it can take years to recover.

Before you rush to pay off student loans, a new car loan or other obligations, talk to your lender.

Now that you know that private student loan forgiveness is an unlikely option for most borrowers, you may be thinking about other ways to get out of your debt obligations.

In other words, it means that if one needs around 50 % of his income to meet his personal expenses, the other half is committed towards fulfilling his fixed obligations including the home loan.

Money earned from investments, or may be accrued or owed as part of a loan, debt or other financial obligation.

In order to stay current on their student loan obligations, they should watch other areas of spending until they have a firm grip on their finances.

Look into paying down other obligations such as credit cards or auto loans to reduce your DTI ratio.

Fails to pay property taxes, homeowner's insurance premiums, condo fees or other mandatory obligations under the loan terms; or

The fund invests mainly in floating rate loans that hold a senior position in the capital structure of U.S. and foreign corporations, partnerships or other business entities that, under normal circumstances, allow them to have priority of claim ahead of other obligations of a borrower in the event of liquidation.

Reasonableness of the income is a critical factor in the approval of the loan as is the borrower's ability to service the loan and all other obligations.

As with any loan or other financial obligation, it is important to read all the terms and conditions to make sure it is in you best interest.

For any reason, if your financial obligations increase and money becomes tighter than you had anticipated, you might only afford to pay the loan's interest rate and other fees.

You need to also include other monthly credit obligations such as minimum credit card payments and installment loans that have more than 10 months remaining.

Use the card regularly and responsibly, and (all else equal) over time you may find you qualify for an unsecured card and your security deposit will be returned to you, as long as you have fulfilled your obligations on the card and do not have any outstanding balances and if you have other credit cards, loans, etc., that you are handling those accounts responsibly as well.

Starting a debt repayment plan begins by figuring out how much you owe on credit cards, auto loans, and other obligations.

Neither the IRS or federal student loan programs consider any other financial obligations as a higher priority than their repayment.

Creditors have no legal obligation to negotiate an outstanding balance on credit cards or other loans.

If you qualify for refinancing, the new loan will pay off the first loan, thereby releasing the obligations of any other co-signer.

Unsecured liabilities: Loans or other obligations not collateralized by either fixed assets such as real estate or by the firm's securities.

It may be somewhat difficult to stay out of debt, especially if you have many obligations like a home mortgage, vehicle loans, and other forms of debt.

As a consequence, the creditor will be able to stay in business and make profits from other borrowers with better credit scores since there is no obligation to charge more for the loan.