Sentences with phrase «unsecured by any equity»

Since the house is worth less than the first mortgage, the second mortgage is unsecured by any equity.

Not exact matches

You can reduce your interest rate by replacing your unsecured debt with secured home equity financing.

That is, a loan that has collateral behind it as a means to protect against default, such as a home equity loan, versus an unsecured loan that offers lenders little by way of guarantee.

But cash - out refinancing also has one major downfall: By binding your unsecured debts to your home, you've compromised your home's equity and have a higher risk of going «underwater» — having a house that is worth less than you owe the bank.

Prior to the new legislation, consumers with significant unsecured debt could safeguard their home equity by filing a consumer proposal and offering the equivalent «value» to their creditors as part of their settlement terms.

Lines of credit secured by home equity, by contrast, were hovering around 4 percent, while unsecured lines of credit — those without collateral — were somewhere in the middle.

Ultimately, you will pay many thousands more by tapping into your home equity than if you had left your unsecured debt alone.

By transferring your credit card debt to a home equity loan, you are converting an unsecured loan into a loan that is secured by your homBy transferring your credit card debt to a home equity loan, you are converting an unsecured loan into a loan that is secured by your homby your home.

Under the Exposure Analysis conducted by IB, if an account would lose so much value that its equity would be eliminated and it would then additionally have an unsecured debt to IB (i.e., negative equity), this would represent an Exposure to the firm (since IB is legally obligated to guarantee its customers» performance to the clearinghouse even if the customer has no remaining equity).

The Fund seeks to achieve this by investing primarily in the following categories of securities and instruments of corporations and other business entities: (i) secured and unsecured floating and fixed rate loans; (ii) bonds and other debt obligations; (iii) debt obligations of stressed, distressed and bankrupt issuers; (iv) structured products, including but not limited to, mortgage - backed and other asset - backed securities and collateralized debt obligations; (v) equities; (vi) other investment companies, including business development companies; and (vii) real estate investment trusts.

(DCP) can offer financial relief by wrapping all of your unsecured debt (monies owed without equity attached, such as credit card debt or medical bills) into one manageable monthly payment.

Solutions range from the conventional to the creative and include residential mortgages, unsecured loans and loans secured by marketable securities, hedge funds, private equity funds, commercial real estate and private jets, yachts, vineyards, ranches and art collections.

The firm is frequently called upon by major players in the region to advise on a variety of corporate finance mandates, with recent work highlights including assisting a group of financial institutions, acting as the deal managers, with General Shopping's offer to exchange subordinated unsecured notes for senior secured notes and equity.

A decision from the Wisconsin Supreme Court establishing the right of an unsecured creditor to have a sheriff seize and execute upon a court judgment against the assets of a debtor and forcing a judicial sale to find an equity in excess of the rights and value of an existing security interest held by a secured creditor in the subject assets.

Promoted from Teller position to Member Service Representative April 2003 Established credit union memberships Opened savings, checking, individual retirement, and certificate of deposit accounts and explained options of each to member Prepared all paperwork and assisted members in signing of documentation Cross sold and created Visa check cards in branch Responded to members» questions and concerns via phone queue and online communucation center Opened safety deposit box accounts Performed daily maintenance of the loan applicant database Entered and submitted applications to the loan officers for review and status decision Educated members on the variety of loan products and payment protection options Maintained up - to - date knowledge of credit union products and policies Exceeded cross sell percentage goals with consultative, value - focused customer serviceapproach Exceeded marketing goals by cross selling various credit union products and services Provided back - up for other member service representatives and tellers when needed Maintained dormant account log Executed check orders Back - up for Managers with vault combinations Prepared and executed settlement documents for the following loan products: Home equities (fixed rate and HELOC's), ordered appraisals and flood certificates Auto loans Unsecured lines of credits VISA credit card lines.

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