Sentences with phrase «to meet the loan obligations»

The loan typically does not become due, as long as the borrower meets the loan obligations.

Apparently the borrower with the poor credit met their loan obligations.

You will need the financial resources to meet your loan obligations in full.

The loan typically does not become due, as long as the borrower meets the loan obligations.

However, repayment is not due during the life of the loan provided the borrower meets the loan obligations such as living in the home as their primary residence, maintaining the home according to FHA requirements, and continuing to pay required property taxes and insurance.

- Have you considered what you will offer as collateral (the asset or assets that will be transferred to your lender if you can not meet your loan obligations) should your lender want loan security - Have you lined up a cosigner (someone who agrees to be liable for the debt if the borrower can not repay) should your lender request one?

Because she has a loan, she has more at stake and might need to sell some of her shares or pay more money into her margin loan to meet loan obligations if the sharemarket falls.

However, repayment is not due during the life of the loan provided the borrower meets the loan obligations such as living in the home as their primary residence, maintaining the home according to FHA requirements, and continuing to pay required property taxes and insurance.

A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1

With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds.

In essence, the new changes will require mortgagees to conduct the financial assessment in order to evaluate reverse mortgage borrowers more thoroughly and to provide at risk borrowers with the means to meet their loan obligations.

The loan will not become due as long as the borrower continues to meet loan obligations such as living in the home as their primary residence, maintaining the home according to the FHA requirements, and paying property taxes and homeowners insurance.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1

As with any home - secured loan, the borrower must meet their loan obligations: keeping current with property - related taxes, insurance, maintenance and any homeowners association fees; failure to pay these amounts may cause the loan to come due, may subject the property to a tax lien or other encumbrances, or may result in the loss of the home; 4.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

Reverse mortgages are not a rip - off at all; they are a federally insured loan1 that allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as they continue to meet the loan obligations.2

A reverse mortgage becomes due when the borrower fails to meet the loan obligations or no longer occupies the home as their primary residence.

The Reverse Mortgage does not become due and payable, as long as you meet the loan obligations; live in the home as your primary residence, continue to pay the Property taxes, Homeowners Insurance, HOA dues and maintain the home.

This could be due to a perception that Greece is on the right track to meet its loan obligations, and / or it could be due to improving economic signs both in Europe and in the U.S. Spain and Italy, two countries tied to the «risk - on «trade, also moved down in tandem with the countries associated with the «risk - off» / «flight to quality» trade like Germany.

One of our 2014 grads recently told me that she left a largish firm in Vancouver to move to a smaller Interior BC city as she was paying $ 1400 / month for 1 room and could not see how she could meet her loan obligations.

If a business owner provides that personal guarantee and the company is unable to meet the loan obligations, the bank can hold that owner personally responsible for the loan.

The loan will not become due as long as the borrower continues to meet loan obligations such as living in the home as their primary residence, maintaining the home according to the FHA requirements, and paying property taxes and homeowners insurance.

The development with Centro NP raises serious concerns about whether the firm will be able to sell the remainder of its U.S. assets for a sufficient amount of money to meet its loan obligations.

Reverse mortgages are not a rip - off at all; they are a federally insured loan1 that allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as they continue to meet the loan obligations.2

The loan will not become due and subject to repayment as long as you continue to meet loan obligations such as living in the home as your primary residence, maintaining the home according to the Federal Housing Administration (FHA) requirements, and paying property taxes and homeowners insurance.

A reverse mortgage can't be canceled or reduced, as long as you meet your loan obligations and live in the home as your primary residence - so it will be there when you need it.

The loan may also be due if the borrower (s) no longer meet the loan obligations.2

Although borrowers were accustomed to having no credit requirements before this change, they are now evaluated more thoroughly, allowing at - risk borrowers with the means to meet their loan obligations, if needed.

But you don't have to make any repayments, if you choose not to, as long as you keep living in your house and meeting your loan obligations to maintain the property and pay property taxes and insurance premiums.

With a reverse mortgage loan, as long as the homeowner continues to meet their loan obligations (including paying real estate taxes, insurance, and upkeep), they will remain in the home and collect all of the loan proceeds.

The Reverse Mortgage does not become due and payable, as long as you meet the loan obligations; live in the home as your primary residence, continue to pay the Property taxes, Homeowners Insurance, HOA dues and maintain the home.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1

In essence, the new changes will require mortgagees to conduct the financial assessment in order to evaluate reverse mortgage borrowers more thoroughly and to provide at risk borrowers with the means to meet their loan obligations.