Sentences with phrase «to cover the loan»

An act that lifts loan payment obligations; often occurs for borrowers in high demand jobs (teachers, public service, etc) that can not cover loan payments effectively.

But the customer pays interest on the loan if the refund isn't issued in a certain amount of time or the refund doesn't cover the loan amount.

The bank's title insurance policy will cover its loan amount in the event that there's a problem with the collateral.

Loan amounts vary according to the equity in the property presented to cover a loan in case of default.

Gap insurance covers your loan balance in the event that your insurance company determines your vehicle a total loss, whether from damages or theft.

Take out a term life policy that's long enough to cover the loan repayment period.

I certainly know some borrowers who own commercial real estate that do not have sufficient net worth to cover the loan for the property.

The borrower gets the needed means in one lump and covers the loan with equal monthly payments.

However, with traditional forward mortgages, if a borrower's documentation reveals they lack the resources to cover loan costs, they may be denied the loan completely.

Lenders frequently charge points in both fixed - rate and adjustable - rate mortgages to cover loan origination costs or to provide additional compensation to the lender or broker.

If your business can not cover the loan then the lender could put a lien on your personal assets.

Some business overhead expense insurance policies will offer a rider that will cover loans taken out for business related expenses.

Hard money lenders will often be willing to include an interest reserve to help borrowers cover the loan payments or renovation costs while they are working to stabilize the property.

Bring cash to the closing of the replacement property to cover loan fees or other charges which are not qualified costs.

Your lock should be just long enough to cover your loan from processing to final closing and no more.

The fact is that life insurance for single women may help cover loans, debts, and any financial responsibilities that may become a burden on other family members.

There are lenders willing to finance you if the property income covers the loan payment and other costs.

The fee is what covers the loan officer's work in securing your business, processing your application, and gathering information about your financial life.

You have to keep enough assets in your margin account to cover the loan value at all times.

Lenders frequently charge points in both fixed - rate and adjustable - rate mortgages in order to increase the yield on the mortgage and to cover loan closing costs.

The program, too, will only cover loans issued before this year.

If the sale of the old house will provide enough to cover the loan + 15 %, then it would also be enough to cover the needed down payment amount.

Our Personal Loan Agreements cover all loan basics such as loan amount, repayment options and default consequences.

However, the rules don't cover loans lasting more than 45 days.

It is a plan that covers loan funding, in case the borrower is not around.

I have high assets, high income, great credit that can easily cover the loan.

Life insurance is often purchased in amounts sufficient to cover the loan amount of a mortgage so that if you die, your beneficiaries will have enough money to pay off the balance.

This type of life insurance is typically used to cover a loan balance that decreases over time.

So, as long as your monthly paycheck is large enough to cover the loan repayment (with interest), usually in one go, approval is practically guaranteed.

Similarly, credit disability or unemployment insurance can help to cover loan payments if you're unable to work for a period of time.

It recorded an $ 85 million loss in the last quarter, mainly because it raised its reserves to cover loan losses, primarily commercial.

This can also be the perfect kind of temporary life insurance to cover a loan with a duration of five years or less, including and especially business loans.

Therefore, be prepared that your loan proceeds may be reduced by a couple percentage points to cover the loan origination fees.

But what happens if the borrower's paycheck doesn't cover the loan, or the money never makes it to his checking account?

We're making sure that British banks are strong enough, holding enough capital to cover loans in an emergency.

However, if your business has enough collateral to cover the loan then the lender may not require this.

A few of these policies have riders that can be added to cover a loan taken out for business related expenses.

However, with traditional forward mortgages, if a borrower's documentation reveals they lack the resources to cover loan costs, they may be denied the loan completely.

Most lenders require that borrowers have a policy through the company (which covers the loan amount), but you can also buy an additional owner's policy to cover the home's entire value.

For example, if you're a college graduate with $ 60,000 in student loans, loans which were co-signed by your generous parents, and you don't plan on ever having children and you want it to just be you and your best friend, Fido, in your apartment for the next foreseeable future, then you likely only need a small $ 100,000 policy to cover your loan debt, funeral expenses, and to make sure Fido is taken care of if something happened to you.

The plan covers the loan liability as per the monthly loan schedule at the inception of member contract

The matrixes cover loan types like bridge, SBA, refinance and construction.

This sum assured you avail should also cover your loans and liabilities so that your dependents are indemnified.

Remember, most banks will require that you personally guarantee the loan, but if you have sufficient collateral within your business to cover the loan principal, they shouldn't require a lien on your home.