Sentences with phrase «specified purpose of the loan»
Often, the chances of getting fast loan approval are higher because of the specified purpose of the loan, and the fact that the borrower is clearly serious about escaping financial hot water.
http://www.badcreditloanservices.com/ Not exact matches
For purposes of certain documentation that a borrower must submit within a specified timeframe (for example, annual documentation of income for the income - driven repayment plans), the federal loan servicers have been instructed to extend the deadline for providing the documentation by an additional 15 days for borrowers who live in an impacted area.
Intended to be a one - time disbursement of funds for a specific purpose, Heartland's personal unsecured loans provide the convenience and security of a specified term with fixed monthly payments.
Specify how much you need, the purpose of the loan and your credit score.
However, it is not commonly known that you can avail tax benefits on some other types of loans also, provided some conditions are met and loans are used for some specified purposes.
Loans for these types of residential properties can be financed by a hard money lender under certain circumstances; however, regulatory agencies specify that hard money and private capital lenders can not underwrite or finance loans against a residential property if the majority of the funds will be used for «personal, family, or household purposes» rather than business purpLoans for these types of residential properties can be financed by a hard money lender under certain circumstances; however, regulatory agencies specify that hard money and private capital lenders can not underwrite or finance loans against a residential property if the majority of the funds will be used for «personal, family, or household purposes» rather than business purploans against a residential property if the majority of the funds will be used for «personal, family, or household purposes» rather than business purposes.
Under the HUD exemption, lenders need not provide the RESPA GFE and RESPA settlement statement when six prerequisites are satisfied: (1) The loan is secured by a subordinate lien; (2) the loan's purpose is to finance downpayment, closing costs, or similar homebuyer assistance, such as principal or interest subsidies, property rehabilitation assistance, energy efficiency assistance, or foreclosure avoidance or prevention; (3) interest is not charged on the loan; (4) repayment of the loan is forgiven or deferred subject to specified conditions; (5) total settlement costs do not exceed one percent of the loan amount and are limited to fees for recordation, application, and housing counseling; and (6) the loan recipient is provided at or before settlement with a written disclosure of the loan terms, repayment conditions, and costs of the loan.