Sentences with phrase «term loan obligations»

A couple of benefits for federal short - term loans are that they tend to have better interest rates than longer - term loan obligations regardless of whether it's for business, education or a home purchase.

Not exact matches

According to the agency, the ARC loans can be used to pay principal and interest on any «qualifying» small business debt, «including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities.»

You may be able to obtain a forbearance, which can suspend your obligation to make loan payments in the short term, though interest will continue to accrue.

Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; Not be suspended or debarred from participation in federal programs.

However, the lenders are under no obligation to provide any such additional commitments or loans, and any increase in commitments or incremental term loans will be subject to customary conditions precedent.

«Affordability may vary depending on total debt obligations such as your student loans, auto loan or mortgage, other fixed expenses, and requested loan term,» Foley explains.

Customized loan structures may provide additional flexibility, helping you achieve short and long - term objectives that may include diversifying assets, growing a business or minimizing tax obligations.

In general, term life insurance is primarily used to replace your income and cover financial obligations that have a fixed length of time associated with them, such as a mortgage, student loans, or replacing your income while you're earning money.

Many aspiring doctors who are working towards their full credentials struggle to meet the obligations of their old grad school loans, which are often from private lenders with harsher terms.

Potential terms of the loan — including any obligation to buy — have not been disclosed.

(c) The term «loan guarantee» means any Federal government guarantee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions.

TIFIA direct loans can only be used to refinance: (i) interim construction financing of eligible project costs; (ii) existing Federal credit instruments for rural infrastructure projects; or (iii) long - term project obligations or Federal credit instruments if the refinancing provides additional funding capacity for the completion, enhancement, or expansion of an eligible project.

The term secured loan means a direct loan or other debt obligation issued by an obligor and funded by the Secretary in connection with the financing of a project under section 603.

Defaulting on a loan means that you have not met your obligations when it comes to the terms of repayment.

Online payday loans charge rollover fees if you fail to retire the short - term obligation in full after one or two weeks (most common).

A new or recent open date typically indicates that it is a new credit obligation and, as a result, can impact the score more than if the terms of the existing loan are simply changed.

While the EDvestinU ® Consolidation Loan can potentially lower a borrower's monthly payment obligation by reducing their interest rate and / or extending the repayment term of their loan, borrowers should be thoughtful about which loans they would like to include in the consolidatLoan can potentially lower a borrower's monthly payment obligation by reducing their interest rate and / or extending the repayment term of their loan, borrowers should be thoughtful about which loans they would like to include in the consolidatloan, borrowers should be thoughtful about which loans they would like to include in the consolidation.

Fails to pay property taxes, homeowner's insurance premiums, condo fees or other mandatory obligations under the loan terms; or

As with any loan or other financial obligation, it is important to read all the terms and conditions to make sure it is in you best interest.

You are under no obligation to continue with the loan process if you find these terms are unsuitable.

Liabilities: It is an obligation that a person has to pay in future due to its past actions like borrowing money in terms of loans, bills, credit card debts etc..

In general, term life insurance is primarily used to replace your income and cover financial obligations that have a fixed length of time associated with them, such as a mortgage, student loans, or replacing your income while you're earning money.

Repayment Schedule The repayment schedule discloses the monthly payment, interest rate, total repayment obligation, payment due dates and the term of the loan.

* While consolidation may decrease your overall monthly payment obligations, refinancing pre-existing debt with a home equity loan / line will require you to give us a security interest in your home and may increase the total number of monthly debt payments, as well as the aggregate amount paid over the term of the loan.

The clients that we typically work with (working - age people with families, student loans and mortgages) can normally cover their immediate financial obligations through term coverage, and are able to deal with final expenses after retirement effectively by putting a dedicated savings plan into effect.

The borrowers fail to abide by all loan terms, including remaining current on all property obligations such as paying real estate taxes and insurance and keeping up with home repairs.

Since it takes the average student many years to repay student loan debt in British Columbia and since it can be difficult to obtain long - term, sustainable employment in their chosen career, it is not surprising that after years of struggle many discover that they are not able to keep up with their student loan repayment obligation and find the outstanding balance prohibitive, limiting their lives accordingly.

By signing the Agreement to Serve, you agree to these terms and conditions and acknowledge that if you do not fulfill the service obligation described in the agreement, the TEACH Grant funds you received will be converted to a loan that you must repay.

All too often, people take out private student loans without really understanding the terms, conditions, obligations, and costs of those loans.

The loan obligations require the borrower to pay for their own homeowners» insurance, property taxes, and maintain their home in accordance with guidelines mandated by the Department of Housing and Urban Development.1 As long as these terms are met; monthly mortgage payments are not required.

Entrance counseling is a tool that is used in order to educate you about the terms of your loans and make sure you understand your obligation to repay them.

You do not meet the borrower obligations of maintaining payment of property taxes, homeowners insurance, homeowner's association fees, and basic home repairs or you fail to comply with other loan terms.

When you can not meet your financial obligations and your lender agrees to adjust the terms of your loan, they may offer a loan modification package.

You are under absolutely no obligation at all to accept the loan terms that the lender presents you with.

It is an obligation that company has to pay in future due to its past actions like borrowing money in terms of loans for business expansion purpose etc

To help ensure the long - term success of the HECM loan over time, HUD requires a review of each applicant's credit history, property tax payments and other credit factors that will be evaluated to measure a borrower's willingness and financial capacity to meet the ongoing obligations of the loan.

Spreading Out Your Payment Obligations Being able to spread out your payments over the term associated with a loan is another vacation loan benefit.

You should review and understand the late payment policy specified in the lender's loan documents before accepting the loan terms and signing the loan agreement (which constitutes a legal obligation to repay the loan).

When you are having trouble meeting your monthly obligations, it may be to your advantage to refinance your mortgage especially if you can get a lower interest rate or change the other terms of the loan.

Also, loans issued to two individuals (primary borrower and co-borrower) will make both individuals jointly liable for the obligations in the terms of the loan.

The remainder comprises of CBLO or the collateralized borrowing and lending obligation that is a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of the loan.

You are under no obligation to continue with the loan request if you find a particular lender's loan terms unsuitable.

If you find that you'll need to take out a larger amount in private loans at one school than at another, you should pay special attention to the terms and conditions of the private loans so you understand what your obligations would be.

So co-signing a loan creates a long - term financial obligation.

The gradual repayment of a financial obligation on an installment basis such that at the end of the given loan term, a specified balance is paid.

There are no long - term contracts or obligations when you apply for a small loan with NorthnLoans.

In simple terms, debt relief is the removal or restructuring of a certain portion of a loan obligation.

Because your SBA loan will eventually need to be repaid by you, and loan terms and repayment obligations can sometimes be long term, your future cost of life insurance should be considered.

It's due to the variety of terms and the fact that the debtor should only repay the obligations on the amount he actually borrows, unlike the case with the home equity loans.

Barry Habib, founder and CEO of MBS Highway in New York City, says the loan term you choose needs to be made in the context of your other financial obligations and plans.