Sentences with phrase «time of these loans requires»

The repayment time of these loans requires a quick turnaround, usually within 15 - 90 days.

Not exact matches

In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, NMG will be required to eliminate such excess within a limited period of time.

For certain types of federal student loans, a period of time after you graduate, leave school, or drop below half - time enrollment when you are not required to make payments.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

In addition, at any time when incremental term loans are outstanding, if the aggregate amount outstanding under the Asset - Based Revolving Credit Facility exceeds the reported value of inventory owned by the borrowers and guarantors, we will be required to eliminate such excess within a limited period of time.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

Each loan forgiveness program requires years of on - time payments before loan balances are forgiven, so it is important for borrowers to weigh the pros and cons of career decisions in advance.

This will require a bridging loan of # 10bn - # 12bn, as the full bailout will not be agreed in time.

First - time homebuyer loan programs offer financial benefits such as lower interest rates and low down payments, but many of them require you to live in the home for a designated period or take homeowner education courses.

This makes it important to weigh the value of access verses a lower interest rate in some circumstances — this is true even for very creditworthy borrowers who would otherwise qualify for a traditional commercial loan at the bank but their loan purpose doesn't give them the luxury of time required to wait for a traditional bank loan.

Finally, private student loan lenders require student borrowers to select the repayment term of a new loan at the time funds are received, whereas federal student loan borrowers may wait until they have entered repayment to select the most beneficial repayment term.

With no personal guarantees or collateral required as well as funding (and approval) in as little as 24 hours, an unsecured business loan with Excel Capital can give your business the funds it needs to move forward in times of expansion — or stay afloat when your business is in need of cash.

The VA usually requires a two - year waiting period following a Chapter 7 bankruptcy or foreclosure before it will insure a loan, and borrowers in Chapter 13 must have made at least 12 on - time payments and secure the approval of the bankruptcy court.

Some of the factors that affect the timeline include the type of loan, the specific term you're requesting, the amount of required documentation and the time it takes to provide your lender with those documents.

For example, a cash - out refinance may be limited to a lower loan size as compared to a rate - and - term refinance; or, may require higher credit scores at the time of application.

The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.

Your lender is not required to honor your mortgage rate if your loan fails to close within the allotted number of days (although many times they will).

At the time, the typical home loan required buyers to make downpayments of fifty percent or more on a home; carried very high interest rates; and, required that loans be paid back in five years or fewer.

VA loans allow for 100 % financing, but typically require a two percent «funding fee» to be paid at the time of closing.

A loan required to provide the funds needed for the closing of the property you have purchased to the time of the later closing of the property you have sold.

For example, a loan may be amortized over a specific period of time, requiring regular repayments.

When you take out an installment loan, the terms of your loan will typically require a fixed monthly payment over a predetermined period of time.

Harris Beach PLLC of Uniondale wrote at least three letters to lenders on behalf of Oyster Bay Town — and worked on a fourth — asserting that concession agreements required the town to back millions of dollars in loans to concessionaire Harendra Singh and his affiliated companies, at a time when Harris Beach also was representing Singh.

Moreover, unlike grants, which require (at - times lengthy) legislation, the federal loans have a turn - around time of just 10 days.

Applicants that agree to DOT's standard terms for secured loans would likely experience a reduction in Letter of Interest and application review time and the cost of DOT's outside advisors due to the minimal negotiation required to document the transaction.

Other loans can require a large balloon payment after a specific period of time.

While borrower defense applications typically require the borrower to specifically show that his or her school violated state law, the Everest and WyoTech findings qualify students enrolled in the covered programs and time periods to apply for a discharge of their federal Direct Loans through an expedited process using a simple attestation form.

The unique thing about these student loans is it will not require you to be in a state of financial need, so you will be responsible to pay for all the interest that will add up over time as well.

The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.

The Consumer Financial Protection Bureau (CFPB) announced a payday lending rule in 2017 that would limit the number of loans a person can take out during a certain amount of time and require lenders to look more closely at the borrower's ability to pay.

At the time, the typical home loan required buyers to make downpayments of fifty percent or more on a home; carried very high interest rates; and, required that loans be paid back in five years or fewer.

That might sound strange, but depending on the size of the loan required, and the employment chances of an applicant, lenders have calculated that there can be a strong chance of even unemployment loans that are unsecured being fully repaid on time by the borrower.

All first time borrowers at USD School of Law are required by federal law to complete Entrance Loan Counseling prior to any aid being disbursed.

Policy loans don't require any credit checks or qualifications since the insurer holds the money to cover the loan, and the loan doesn't have to be paid back within a particular period of time.

Personal loans, however, are a much larger commitment since they are paid off over the course of years instead of weeks and require that you manage your money well over a long period of time.

While federal loans will not require you to pay any of your loan off while you are in school, private loans often require that you make payments while in school, which can be difficult for students to manage while also making time for school.

While quick preapproval may be conducted online, a mortgage application requires more formal procedures and higher amount of time spent compared to other loans.

At the same time, home equity lines of credit require you to use your home as collateral for the loan.

FHA currently insures the majority of mortgage loans for first time home buyers; FHA guidelines allow for a 3.5 percent down payment compared to the 20 percent minimum typically required for a conventional mortgage loan.

Your use of Digital Banking, and the specific services available through Digital Banking, are governed by this Agreement, the Bank's Disclosure of Products and Fees applicable to your accounts, the application you complete (if required) for any service available through Digital Banking, any instructions we provide you on using Digital Banking, and any other agreements applicable to the deposit or loan accounts or the services you access through Digital Banking, including our Deposit Account Agreement, Business and Treasury Services Agreement, any applicable overdraft protection agreement, any applicable loan agreement, any credit card agreement, and any other applicable agreement such as our Funds Transfer Authorization Agreement and our Agreement for Automated Clearing House Services («Banking Agreements»), all as they may be amended from time to time.

Some of the factors that affect the timeline include the type and terms of the home loan you're requesting, the types of documentation required in order to secure the loan and the amount of time it takes to provide your lender with those documents.

While traditionally payday loans are required to be paid back within a short amount of time, usually by the next payday hence their name, more and more companies including Wizzcash are beginning to offer 3 month loans, also known as instalment loans which.

Today's mortgage rates are low, raising the number of days required to close a loan and leaving more time for «things to go wrong».

The only thing required is full repayment of the loan plus interest on time.

Whenever you are adding more loans to already existing debt, you need to be on top of your finances so that you can make all the required repayments on time — both student loans and auto loans.

Grace Period A period of time after graduation (or failing to attend school at least half - time) during which payment is not yet required on student loans.

Additionally, because of their brief repayment schedules, short term loans do not require serious commitment — the borrower is not indebted to the lender for a significant period of time.

These installment loans require multiple payments over a period of time, so it builds a repayment history.

When it comes to financial situations that require immediate assistance for a short period of time, short term loans are that helping hand.

Processing times will vary depending on factors such as whether you previously submitted documentation of employment for review or submitted documentation only at the time you applied for loan forgiveness, the number of your employers, any gaps in your employment or payment history, and any required follow - up.