Sentences with phrase «than the loan amount»

As a result, car owners can end up being upside down on their loan: The value of the automobile is less than the loan amount.

If you're near the end of the loan term, your car may be worth more than the loan amount, which reduces the lender's risk considerably.

An appraisal, paid for by the buyer, is required by the buyer's lender to ensure that the property's value is equal to or higher than the loan amount.

That is why lenders will like the value of any asset being pledged as collateral to be equal or greater than the loan amount.

If your refund is smaller than your loan amount, you'll be responsible for paying the difference.

This asset, known as collateral, usually has a higher value than the loan amount.

Sometimes the school may certify an amount that is different than the loan amount that you request.

And the origination fee is based on the home's value, which is usually much larger than the loan amount.

As a result, car owners can end up being upside down on their loan: The value of the automobile is less than the loan amount.

The disadvantage of taking out a personal loan is that it can easily cost you more than the loan amount you borrowed.

In almost all loans commercial lenders want to see that you have the net worth equal to or greater than the loan amount.

If your refund is smaller than your loan amount, you'll be responsible for paying the difference.

The lender often will want collateral that has a greater value than the loan amount.

NOTE: Because the Independent loan is available to students without any reliance on cosigners, processing times may be longer and loan amounts may be lower than the loan amount requested.

You should be aware that the car value can sometimes get depreciated faster than the loan amount, so be careful when you have the huge loan amount.

Housing Loans and Loans Against Property: $ 50,000 per member Other Loans *: $ 5,000 per member The Sum Assured on Death at inception can not be lower than the loan amount sanctioned

I am quite new to this whole thing, but from what I learned in the past is that if you take on a loan for a property that's worth less than the loan amount banks will not approve the loan.

If the value of your collateral security is more than the loan amount, then you can get a lower interest rate.

Another financial contingency would be that the home appraises for significantly higher than the loan amount or raises some sort of red flags.

And although the market was giving me decent returns (so far), the volatility was stressing me out, especially when I saw that the value of portfolio had shrunk smaller than the loan amount.

Decatur produced testimony showing that the value of the properties was significantly lower than the loan amounts.

In some cases, lenders withdrew the mortgage pre-approval, because the condo was now worth less than the loan amount.

If the appraisal comes back equal to or greater than the loan amount you have offered on the home then all is good.

This produces tremendous risk for the consumer - in the event that they can not make a payments, the loan issuer may seize the borrower's house, the value of which will frequently be much higher than the loan amount.

When the vehicle is availed under loan and if the worth of the vehicle is less than the loan amount, it is unfair to get into an auto insurance coverage at higher cost.

Among the drawbacks: the loans can't be prepaid, and if the stock value declines to less than the loan amount, the borrowers have to make up the gap.

If the appraisal results indicate that the home's value is less than the loan amount, the lender may refuse to finance the loan.

The disadvantage of taking out a personal loan is that it can easily cost you more than the loan amount you borrowed.