Sentences with phrase «secured against the borrower»

The consolidation loan is generally secured against the borrower's assets such as a home or a car.

A debt which is not secured against the borrower's property.

On the other hand, a secured loan means the loan that is made secured against borrowers» home or another asset.

An unsecured loan is not secured against the borrower's property.

Not exact matches

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

As shown above, Plaza Building Holdings LLC is the special purpose entity which secures a 100 % interest against the borrower, Plaza Building LLC.

Home equity loans are sometimes referred to as «second mortgages» because they are also secured against the value of the borrower's home or property.

A secured loan, on the other hand, presents less of a risk to the lender because it is secured against a piece of valuable property — generally a house — that can be seized should a borrower fail to pay.

This means that if the borrower defaults, they could lose their home or the value of the assets secured against the loan.

When you are approved for secured financing, a lender will file a UCC - 1 financing statement with the secretary of state (SOS), creating a lien against the asset (s) in particular (unless the lender files a blanket lien naming all assets) that's being used by the borrower to secure the financing.

A secured loan involves the borrower putting up collateral against the funds advanced to them.

A mortgage is simply a particular kind of term loan — one secured by real property — and in a term loan, the borrower pays interest calculated on an annual basis against the outstanding balance of the loan.

Every lender wants to secure his money against collateral if the borrowers fail to make payments.

There is no limit on the interest rate if the loan is greater than $ 100,000 and the loan is not secured by a mortgage against the principal residence of the borrower.

For a Secured Business loan, the borrower needs to pledge something as collateral or security against the loan amount taken.

The opposite of secured debt / loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may only satisfy the debt against the borrower rather than the borrower's collateral and the borrower.

Usually, the borrower borrows against money in a savings account or other asset which secures the loan.

For example, a borrower may bring a microwave oven worth $ 50 to a pawn shop and ask for $ 15 loan against that secured asset.

Acted for a borrower group of companies, advised by Ziser Group, on a # 45 million loan secured against four different properties in London.

If the purchase money loan for any type of real property is financed by the seller and secured by that same property, the lender / seller may not obtain a deficiency judgment against the defaulting borrower / buyer..

A deficiency judgment is a judgment obtained by the lender in court against the borrower for the difference between the unpaid balance of the secured debt and the amount produced by sale or the fair market value of the security, whichever is greater, in a judicial foreclosure.