Sentences with phrase «secured loans because»

Title loans are called secured loans because the lender uses your car's title as security that you will repay the advance.

Car title loans are secured loans because they are guaranteed by car titles.

The rate of interest charged on the unsecured loans is higher than that on the secured loans because unsecured loans are not backed by any collateral security.

Banks have less risk with secured loans because they have the right to repossess your property if you fail to repay.

These are secured loans because the consumer puts the property up as collateral to gain access to the financing or to get better rates and terms.

Unsecured loans typically have higher interest rates than secured loans because lenders have no form of security (collateral) to depend upon.

Seven in 10 of Zillidy's clients so far are business owners or entrepreneurs, most of whom can not secure loans because of their self - employed status.

Generally, the interest rate on an unsecured loan will be higher than a secured loan because there is greater risk involved (no collateral associated with the loan).

Most people who have subprime mortgages whether deliquent or current will not be able to get FHA secure loan because there is no equity in their home.

That is due to the fact an equity loan is a type of a secured loan because the lender gets to use the house as collateral should everything happen that would prevent the homeowner from repaying the mortgage.

A State manufactured housing trade association and a large non-depository manufactured housing lender asserted that creditors making such loans must be able to collect information about whether the home will be situated on leased land or on land that will secure the loan because the distinction would determine whether the obligation to provide the Loan Estimate disclosures applies to the creditor.

Not exact matches

It may mean the deal becomes something else, like «I have to secure myself, so let me make it just a loan or a convertible note, or whatever, because I don't know what this person's going to do.»

The bank sought to fill the gap with a $ 200,000 SBA loan, something Wald wanted to avoid at all costs, recalling the consequences of the $ 30,000 SBA loan he'd received in 1996 (and since paid off): NetForce had trouble securing the kind of financing it needed because the SBA had taken a blanket lien on all the company's assets.

That's okay, because there are also loans available that can help you secure the land that will become the future home of your bed and breakfast, motel, or resort.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.

Because most SBA loans are secured by collateral and a personal guarantee, the bank will have the right to seize the business and personal assets you pledged.

This is because NFCU has interest rates capped at 18 % (most personal loans have rates up to 36 %), allows co-signers and offers secured loans.

Because personal loans are unsecured and don't require collateral, they typically have higher interest rates than secured loans.

Because the loan is secured, the loan value can not exceed the amount of money in your account.

The secured nature of the loan does not, however, mean that repayment of the loan is guaranteed because the loan outstanding may exceed the property net sale proceeds.

Small businesses located in bigger cities — such as New York, Los Angeles, Miami, and Boston — tend to have an easier time securing a small business loan because there are more local options.

That's because a number of our small business loan options can be secured within a couple of days versus the traditional weeks or months.

«Typically, a home equity loan has a lower interest rate because you're securing it with your home,» said Fleming.

This is because small businesses lending has been migrating to low - interest rate loan products, such as residentially secured loans.

A secured loan is typically the best and only way to secure a very large loan because lenders are not likely to extend large amounts of money without good assurance that the loan will be repaid.

Unsecured loans are not secured by collateral like your home, or vehicles etc. interest rates or these are usually higher because of the unreliability and thus lenders are reluctant when giving these loans.

Because of this lower risk, secured personal loans often have less - strict credit requirements.

With a secured loan, you sometimes can qualify with a lower credit score because the lender can mitigate risk with your collateral.

General Secretary Dave Prentis said zero - hours workers were unable to secure credit, loans, or mortgages because of the uncertainty created by the employment tactic.

He explains that because of the high interest on the loans secured for road construction, these delays make the servicing of the loans difficult.

Our finance professionals have years of combined experience in helping shoppers secure the lowest auto loan rates or lease payments because of their extensive knowledge of Ford financial products.

Because the fund's investments in covered bonds may be secured by a pool of financial assets that include mortgages and public - sector loans, the fund may be indirectly exposed to the risks posed by mortgages and / or public - sector loans.

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

Because collateral reduces the lender's exposure to the risk of default, secured personal loans have lower interest rates than their unsecured counterparts.

However, because the loan is secured, you can expect much lower interest rates than on unsecured loans.

Because they use valuable collateral to secure the loan, most everyone is eligible and will be approved after the short application process has concluded.

• Helpful — because online loans can be so quick to secure, they come in very handy if you need to pay for an unexpected cost.

Because the homeowner loans is almost always a secured loan backed up by collateral, the terms of the loan are very favorable because the lender is assuming very little risk when they loan youBecause the homeowner loans is almost always a secured loan backed up by collateral, the terms of the loan are very favorable because the lender is assuming very little risk when they loan youbecause the lender is assuming very little risk when they loan you money.

Typically, federal student loans and some private student loan programs, home loans, home equity loans and any other form of secured loan is too hard to negotiate because the lender is comfortable knowing that he can legally claim your property in case you fail to repay the loan.

This is because the loan will be secured against your house.

A mortgage or auto loan is a secured loan, because if the borrower defaults or the debt goes to collections, the bank can repossess the asset tied to the loan — a house or a car — and resell it.

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.

Because the lender makes loans to borrowers with thin credit history, you may be required to secure your loan with collateral (typically your paid - off, insured car).

Because of the small amount involved in payday loans, you will find out that it is easier to secure than personal loans.

Because the money is locked away, this type of credit - builder loan is considered a secured loan and typically comes with a lower interest rate than an unsecured loan.

It only takes one or two minutes to complete our secure online loan application and you will never have to wait because you'll always get an instant decision from 123 Cash Credit.

They're willing to do this because the loans are secured by the vehicle.

Avoid using home equity loans or other secured loans to consolidate if possible, because that will put your property at risk unnecessarily.

This is because lenders put themselves in a little more risk than they would by having your assets as a collateral in a secured loan.

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.