They'll likely be required to show extra
personal financial reserves, which are accessible liquid assets available to withdraw from after their mortgage closes.
There will be little or no need to use up
personal financial reserves.
Not exact matches
«The Congressman has taken advantage of his position to qualify for a debt reduction that is supposed to be
reserved for hard - working families that are experiencing a
financial set back,» said Cox, adding, «It is not for a congressman that wants to avoid his obligations and a
personal financial loss.»
The provider of Simplii
Financial personal banking services (a division of CIBC),
reserves the right to cancel or change the terms of the Offer at any time, and revoke the Offer for any customer who appears to be manipulating or abusing the Offer, or is engaged in any suspicious / fraudulent activity.
While some students luck out and receive
financial assistance by way of grants and scholarships, others are not so lucky and, if they don't have a sizable
reserve of
personal or familial funds, must rely on student loans to foot the bill.
Filed Under:
Personal Finance Tagged With: budget, emergency fund,
financial stress,
reserve fund, stress
Whether or not a renter has the
financial reserves to be able to replace a valuable possession that gets lost, and whether that possession be a fur coat or a favorite couch, an insurance policy has the potential to save its owner a lot of money and
personal distress.
Other lender considerations include a buyer's credit rating, sufficient
personal income, small (leveraged) down payment, and / or limited
financial reserves.
Additionally, borrowers must qualify based on
personal financial information including income, credit,
reserves.