Sentences with phrase «secured on a borrower»

A Secured Personal Loan is usually secured on a borrower's property and is therefore not available for people living in rented accommodation.

Securitisation A mortgage is secured on the borrower's home, which can be seized later and sold should things go wrong.

-- Leveraged loans are obviously non-investment grade, but are secured on the borrower's assets (thereby ensuring seniority in the capital structure, and higher average recovery rates), covenants are strict, and they're repayable at any time.

Not exact matches

Customers who are frequent borrowers establish a reputation which directly impacts on their ability to secure debt at advantageous terms.

Borrower 2 saved almost $ 5,000 by going with a fixed rate on Loan B ($ 30,000 for 20 years) even though the initial interest rate was higher than what Borrower 1 secured with a variable - rate loan.

A secured line of credit is a line in which the borrower puts up collateral as a security deposit on the line of credit.

Thus, they can not rely as much on the value of the housing collateral in securing their mortgage loans, and consequently now put more weight on the credit histories of the borrowers.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Alternatively, the borrower might secure the loan with a postdated check — dated for the end of the loan term, or due date — for the total amount of the loan and the interest charges based on the loan term.

The bottom line: Reasonably well - qualified borrowers should be able to secure financing in 2016, and it might even be easier on the conventional side.

«A [mortgage] servicer must automatically terminate PMI for residential mortgage transactions on the earliest date that both the principal balance of the mortgage is firstscheduled to reach 78 percent of the original value of the secured property... and the borrower is current on mortgage payments.»

This means that parents or relatives can help boost a borrower's chances of securing approval for a mortgage, even if they don't plan on living in the purchased property.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

A popular choice for first - time homeowners, FHA loans are a great way to secure financing for borrowers who have less money to put down on a new house and lack the credit history to qualify for a conventional loan.

The best part is borrowers can usually earn interest on their deposits while using them as collateral for a secured loan.

To secure a release, the borrower will likely need to prove they can continue making on - time payments by themselves, which means having a steady income and a good credit score.

The SBA expects its loans to be fully secured, but will not generally decline a loan based on inadequate collateral, assuming the borrower satisfies the other standards for capital, credit, capacity and character.

The TIFIA loan is also secured by a mortgage on the Borrower's leasehold interest in the real estate underlying the toll road right of way.

Source Capital focuses mainly on the equity in the property to secure the loan so we are able to look beyond borrower past circumstances.

A title loan, also known as a title pawn, is a type of secure loan where a lender puts a lien on a borrower's property, their car in this case, in exchange for an amount to be loaned.

Many lenders were heavily relying on secured loans, when a borrower had to pledge some sort of collateral, usually real estate, in order to get financing.

This means that parents or relatives can help boost a borrower's chances of securing approval for a mortgage, even if they don't plan on living in the purchased property.

Speaking of interest rates, OneMain Financial has rates between 9.99 % and 35.99 % on loans from $ 1,500 to $ 25,000, though the 9.99 % rate is only available to borrowers who choose to secure their loan.

When a loan is secured from your family, the onus on repayment is still on the borrower.

Secured loans are loans with collateral provided as a form of compensation should the borrower default on the loan.

In Wisconsin, Mariner Finance offers personal loans on both a secured and unsecured basis, and the lender allows for co-signers should the primary borrower need it.

Borrowers can qualify for either a secured or unsecured loans based on their financial needs, each which come with a fixed interest rate and a fixed monthly payment for the life of the loan.

Predatory lending is in a legal sense the offering of certain secured loans such as home loans or car loans by lenders with the sole intention of seizing the property in order to sell it for a profit knowing that the borrower will not be able to afford the monthly payments on the loan.

However, even with the promise to make repayments in the event the borrower can not make them, securing large loan approval is dependent on the lender accepting the nominated cosigner.

And since they focus their products on bad credit borrowers, securing loan approval is a lot easier.

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.

Of course, loans that are unsecured carry with them a greater risk than their secured alternative, but they are generally the only form of financing on offer since, for the borrower, the previous debt would probably have been repaid had they anything to use as collateral in the first place.

Some lenders require borrowers to purchase some type of insurance for a secured loan, much like private mortgage insurance (PMI) purchased on home loans.

To secure a release, the borrower will likely need to prove they can continue making on - time payments by themselves, which means having a steady income and a good credit score.

Borrowers can expect to pay two to three points less on a secured loan.

From the lenders perspective, a secured loan has a safety net to fall back on if the borrower defaults.

Because the Discover It card is a secured credit card, it offers a quick solution for students with damaged credit (usually from co-signing with another borrower, or a parent borrowing on your behalf).

He co-sponsored the Bank on Students Emergency Loan Refinancing Act which would have secured low interest rates for many borrowers.

This means that if the borrower defaults on the loan the lender will have a claim on any assets but after secured creditors.

We focus mainly on the real estate being used as collateral to secure the loan, which helps borrowers get the financing they need to accomplish their goals.

«A [mortgage] servicer must automatically terminate PMI for residential mortgage transactions on the earliest date that both the principal balance of the mortgage is firstscheduled to reach 78 percent of the original value of the secured property... and the borrower is current on mortgage payments.»

When a loan is secured, collateral is provided from which the lender can draw compensation should the borrower default on their repayments.

When a borrower defaults on an unsecured debt, the lender's first goal will be to become secured.

These types of secured accounts allow lenders to take a chance on borrowers who can otherwise provide no indication of creditworthiness.

The FHA Secure loan was introduced in 2007 to help troubled borrowers get back on course.

Payday loans are extremely expensive cash advances that must be repaid in full on the borrower's next payday to keep the personal check required to secure the loan from bouncing.

An unsecured creditor takes on more risk than a secured creditor because it does not have the ability to seize an asset right away if a borrower fails to repay the debt.

The actual interest rate you secure on a loan depends on the type of loan you choose, your qualifications as a borrower, and the type of building or project you're financing.

Mortgage points (also referred to as discount points) are fees a borrower pays to a lender in order to secure a reduced interest rate on a home loan.

These are incredibly low interest rates for high risk borrowers that need to rely on a secured card.