Sentences with phrase «value of the loan in»

That is, you pledge some sort of property, generally a home, land or vehicle, against the value of the loan in order to provide security to the lender.

If you borrow a $ 1M in today's dollars, and hyper - inflation occurs you pay back the nominal value of the loan in dollars that are worth much less.

The price that the lender will pay is, in turn, based on the value of the loan in the secondary mortgage market (i.e., the market price).

This would cause a gap in the value of the ETF and the value of the loans in it, or worse, the possibility the funds may not be able to immediately come up with money for investors looking to cash out.

The value of loans in smaller banks has decreased by 19 percent between 2008 and 2011, and they greatly need to re-evaluate their market shares.

And thanks to the Sarbanes / Oxley «mark to market» requirements, when values went up on a new home sale, the lenders could mark up the value of ALL their loans in that market.

The price that the lender will pay is, in turn, based on the value of the loan in the secondary mortgage market (i.e., the market price).

Not exact matches

Previously, the rule only applied to high - ratio loans, in which down payments are less than 10 % of the home's value.

If you have any valuable assets (i.e. inventory, equipment, vehicles, electronics, property, contracts, pending invoice payments, etc.) you may be able to sell some of these at market value to generate quick cash, or use them as collateral in obtaining a secured loan.

People are not being loaned more than the value of a house and that's the thing that really made things drop in the States.

However, despite evidence of the business and social value of developmental lending, industry has not yet invested in this approach, the pool of available loan capital in Alberta remains inadequate, and the economic and social benefits remain largely unrealized.

The value of commercial and industrial loans of less than $ 1 million — a common proxy for small business lending — was 17 percent lower in June of this year than it was at the beginning of the recovery — when measured in inflation adjusted terms.

«How do you lend against a house that should in theory be $ 1 million, but someone overpaid in a bidding war at $ 1.4 million, and they want a loan for 75 per cent of the value?»

Still, Al Goldstein, chief executive and founder of Avant, which has made 300,000 loans to consumers in the past three - and - a-half years, with an average value of $ 8,000, says the portrayal of the industry as recklessly making too many loans is flawed.

In my six months of being the founder of nonprofit MADE Microfinance, a program focused on providing financial services for people that don't qualify for bank loans, I have begun to realize the true value of a network.

And it's still early days for alternative lending; P2P lending companies in the US originated $ 6.6 billion in loans last year, however, the total value of revolving US consumer debit was about $ 800 billion.

«Increased losses are emanating from weaker collateral pools in the 2013 - 2015 transactions, which have weaker credit quality including lower FICO scores, higher amounts of extended term loans (over 60 months) and higher LTVs [loan to value ratios],» Fitch Ratings analysts wrote Thursday.

Converting a typical U.S. monthly rate to a lump - sum premium using the rate schedule of PMI Group, the second - largest mortgage insurance firm in the U.S., an American customer with a fixed - rate 25 - year mortgage can expect to pay 1.15 % of the loan value to insure a mortgage with 10 % down.

With the inflation - adjusted value of small business loans still under 80 % of what it was in 2007, that's a concerning trend.

More from Personal Finance: 5 graduate degrees that leave people drowning in debt 10 states where student loan debt is a big problem Grads of this college get a starting salary of $ 80,000 — plus more best value schools

«The public funds, at least in Pennsylvania, are structured to enable the bank to make a loan that they might not be able to make without the public debt behind them by enhancing the loan - to - value, reducing the risk to [the bank], and then passing on some benefits [to the borrower] in the form of lower interest rates, which help cash - flow issues.»

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.

In California, for example, the disclosure must identify the dollar amount of the payments being sold, the present value of those payments based on a federally established interest rate, the amount being paid to the seller, and the interest rate calculated as if the transfer were a loan and not a sale of the payment rights.

He had paid cash for her house in Gainesville, valued at roughly $ 900,000, but he says one of his financial advisers took a loan out against it in his name without his knowledge — which left Hearn - Pearson as one of her son's largest creditors.

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.

The suggested fixes include capping loans at 65 per cent of the home value, introducing new and more conservative means of estimating how much a residence is worth, and amortizing the loans (meaning that borrowers would have to repay the principal within a certain time frame, as in a mortgage, whereas now they can simply keep paying interest on their HELOCs).

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.

So now it's 2015, I'm 4 months from graduating college, I'm making 70k as a project manager (been working here for 2 months), putting 10 % of my income into my 401k (currently valued at 10k, & 50 % is matched by my employer, i'm at their max for matching), living at home with my parents, I have 3k in CD's, $ 26k in savings, and have no debt whatsoever (paying $ 8k per year for school in cash, so no student loans).

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.

In general, bridge loans are granted based upon the value of the property that serves as collateral rather than on the credit score of the borrower.

Under Mr. Millstein's leadership, Cerberus became one of the world's foremost investors in European non-performing loans backed by commercial and residential real estate, purchasing portfolios with a total transaction value of nearly $ 40 billion.

For example, regulators can lower loan - to - value ratios in response to indications of rising household sector vulnerabilities.

Thus, they can not rely as much on the value of the housing collateral in securing their mortgage loans, and consequently now put more weight on the credit histories of the borrowers.

The cheap loans helped propel property values to record highs in big cities such as New York and San Francisco, alleviating concerns about the mountain of debt coming due.

Underwater mortgages are loans that are higher than the actual market value of the property they are financing, and Chicago has the highest percentage of them among major metropolitan areas in the U.S..

A life insurance policy loan is just a loan from the insurer in which the cash value of your policy is used as collateral.

«We are able to use that income in actually underwriting the value of your house, your ability to make a payment on that loan, and then qualify you for a lower rate.»

With that in mind, if you have a healthy business, but aren't sure about the value of specific collateral, consider applying for an OnDeck loan.

He succumbed to IMF austerity in order to get loans to support the value of sterling.

Other Revenue was $ 3.5 million, up from $ 3.4 million in the prior quarter, primarily reflecting increased revenues from the company's OnDeck - as - a-Service (ODaaS) business, offset by a $ 0.7 millionreduction in the fair value of the Company's loan servicing asset.

With that in mind, it's important to understand what collateral is, how lenders evaluate and value your collateral, and what some lenders use instead of specific collateral to secure a loan.

At the end of 2016, a similar value of loans was due to have their interest - only periods expire in 2017.

Most of the asset - backed securities in the dataset are underpinned by residential mortgages, covering around $ 400 billion of mortgages or about one - quarter of the total value of housing loans in Australia.

In addition if the loan, plus unpaid interest, exceeds the size of the cash value, your policy will lapse and you can lose your coverage.

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.

Because the loan is secured, the loan value can not exceed the amount of money in your account.

PNC may be a good place to start your mortgage search if you value peace of mind in dealing with loan officers and real estate agents.

Profile # 3: Consumer with 760 or Above Credit Score, Home Value of $ 400,000 and 20 % Down Payment The high credit score and 20 % down payment in this profile made it unnecessary to consider an FHA loan, which allows lower down payments at the cost of added mortgage insurance.

While the loan - to - value ratio is not the only determining factor in securing a mortgage or home equity loan or line of credit, the metric does play a substantial role in how much borrowing costs the homeowner.

The fact that your pet rock shares go from valuations of $ 1,000 on Friday to $ 1 on Monday rips the bandaid off in a way you don't get when banks can inflate for months on end their balance - sheet value of non-performing loans.