Sentences with phrase «primary loan holder»
A cosigner is someone who signs the loan after there has already been an application submission and agrees to pay what the primary loan holder is unable to, but does not have ownership of the property.
https://www.ifsautoloans.com/ Not exact matches
Banks are the primary holders of second loans, and understandably do not want to take massive losses by writing them down.
If the asset does not sell for more than what the primary loan can be satisfied, the secondary lien holder gets nothing.
Furthermore, when a co-signer is released from a student loan, primary student loan holders may see an increase in their credit score (s).
When you co-sign a mortgage, credit card or other loan, you're saying that you will pay in full if the primary account holder can't.
«Widowed spouses are being consumed by a labyrinth of processes in an attempt to assume or modify existing home loans after the primary mortgage holder passes away.