Sentences with phrase «protection against borrower default»
The lender gets extra protection against borrower default.
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The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.
Not exact matches
Student loan lenders have particular protections against default as student loans are regularly non dischargeable unless the borrower can prove undue hardship.
With both upside potential and downside protection against future losses, the borrower rationally should wait before defaulting.»
Since the property itself is used as the only protection against default by the borrower, hard money loans have lower loan - to - value (LTV) ratios than traditional loans.
The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loans.
The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan.