Sentences with phrase «proof if the borrower defaults»
It can also serve as proof if the borrower defaults and you decide to use it as a tax write - off.
http://realtormag.realtor.org/ Not exact matches
Forbes contributor Mark Greene explained if lenders follow this «ability - to - repay rule» and demonstrate they did everything they could to determine a borrower was reliable, they won't have to buy back the loan even if the borrower defaults.1 The more proof a lender has that he or she did everything possible to make sure the borrower was in good financial standing, the more protected that lender will be.