Sentences with phrase «sure borrowers understand»

This is to make sure borrowers understand each cost and the consequences of taking this type of loan.

We want to make sure our borrowers understand all the terms of their loans and how we operate as a company.

Not exact matches

Aside from confirming who can remain in the house after the death of a borrower, you'll also want to be sure you fully understand all the upfront and ongoing costs you'll incur by taking out the loan.

The takeaway here for anyone now contemplating a reverse mortgage is to make sure you understand what rights anyone who may be living in the home has when one or both of the reverse mortgage borrowers dies.

Borrowers should be sure that they understand the risks of doing this, which include forgoing the various forgiveness and repayment programs that the government permits for federal student loan bBorrowers should be sure that they understand the risks of doing this, which include forgoing the various forgiveness and repayment programs that the government permits for federal student loan borrowersborrowers.

In fact, that is partially how we have this mortgage crisis right now, mortgage brokers didn't make sure the borrowers fully understood the loans they were getting like they were required to do.

Understand all of the fine print of the contract to make sure you aren't taking on too much risk as a borrower.

But before you co-sign for anybody, 1) do understand the risks, 2) make sure the borrower knows what happens to your credit as a co-signer if she doesn't pay, and 3) ask whether there's a way for your obligation as co-signer to be removed after a certain portion of the debt has been repaid and maybe your friend builds a bit of a — stellar, right?

You should discuss all features of the loan program with your lender to make sure you fully understand your obligations as a borrower.

Take the time to come up with a contingency plan for the cosigned loan, and be sure the primary borrower understands the consequences if they do not manage their responsibilities over time.

Be sure that you read and fully understand all policies regarding repayment and understand what you will have to do as a borrower to repay the loan.

The experienced professionals of the Cincinnati office have originated many loans with loyal borrowers through doing several things very well: understanding borrowers» financing goals; assuring the loans are accurately and thoroughly presented to lenders; making sure loans are approved and closed according to the loan applications.

One of them is that each potential borrower goes through a counseling session with a certified professional reverse mortgage counselor to make sure each aspect of the HECM process is understood.