Sentences with phrase «standard loan conditions»
A few examples of standard loan conditions include proof of mortgage insurance, a title commitment, a clear title report, appraisal must exceed a certain value, termite inspection, etc..
https://www.newamericanfunding.com/ Not exact matches
Debt - crippled Greece has been kept afloat by huge international rescue loans, granted on condition of harsh cutbacks and reforms that slashed living standards that have driven the country into political stalemate.
You'll need to provide your own input on the condition of the property and make sure it's up to your standards before signing the VA loan agreement.
New facilities included «honeymoon» loans, a wider range of fixed - rate loans and the introduction of «basic» loans at substantial discounts to the standard variable - rate home loan, with similar conditions to those offered by mortgage managers.
Goals of the agency include providing adequate home financing systems through insurance of mortgage loans, stabilizing the mortgage market, and improving housing standards and conditions.
Some loan conditions are standard, and then some may be more specific to your loan.
The [Consumer Financial Protection Bureau] should also set national standards for loan servicers to require clear disclosure of conditions... and prompt resolution of customer requests for information.
Most of the terms and conditions are standard fare — amount of money borrowed, interest charged, repayment plan, collateral, late fees, penalties for default — but there are other reasons that loan agreements are useful.
Cov - lite «Cov - lite» is used to describe a loan where the lender, typically a bank, does not impose standard performance conditions on a borrower...
Unlike a conventional loan, the FHA requires a termite report and clearance, as well as a few other property condition standards, to qualify for a loan.
1987): (1) At current income and expense levels, the debtor would not be able to maintain a «minimal standard of living» if required to repay the student loans; (2) additional circumstances indicate that this financial condition is likely to continue for a substantial part of the repayment period; and (3) the debtor has made «good faith efforts to repay the loans.»
Most bankruptcy courts have adopted a three - part test to establish undue hardship, known as the Brunner test: (1) inability to maintain a «minimal standard of living» if forced to repay the loans, (2) likelihood that the conditions preventing repayment will persist for most of the repayment period, and (3) «good faith efforts» by the debtor to repay the loans.
In fact they are a standard condition in most loan agreements:
It regulates mortgage loan insurance, promotes an efficient home financing system, and improves housing standards and conditions across the country.
The standards for the physical condition of the property depend heavily on the type of loan for which the buyer has applied.
Given current market conditions and the sub-prime debacle, these loans have become more difficult to find, cost more, and are mainly funded by hard money lenders who do not conform to bank standards.
FHA One - Time Construction Loans Have Different Appraisal Requirements When an FHA loan applicant wants to purchase a home that is considered «existing construction», which has been built for at least a year or more with at least one owner, the appraisal process happens as a condition of loan approval to insure the property meets minimum FHA standards.
The goals of this organization are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage market.