Sentences with phrase «while other borrowers»

Also, if you choose to join the public service upon graduation, your outstanding debt will be forgiven after 10 years while other borrowers will have theirs absolved after a 20 year period.

Not exact matches

Some lenders work directly with injured individuals, while others are connected to borrowers through plaintiffs» attorneys.

And while many lenders look beyond a borrower's personal credit score and consider other metrics that demonstrate a healthy business, a low personal score can be a go - no - go metric for many banks, credit unions, and other lenders.

While refinancing can be helpful, borrowers should weigh all the options available to them; review their financial status; and speak with family, a financial advisor, a college guidance counselor, or other certified professionals who can help review the pros and cons of refinancing before making a final decision.

While overall access to traditional financing from a bank or credit union has become more difficult for some small business borrowers, it can still be a viable option for many others.

However, some plans are only available to borrowers who are considered «new borrowers» after a certain date, and some plans base a borrower's monthly payments on 10 percent of discretionary income while others base payments on 15 or even 20 percent.

Nevertheless, the early experience suggests that, while the resilience of both borrowers and lenders has no doubt improved, the initial effects on credit and some other indicators we use to assess risk may fade over time.

Servicers left borrowers in the lurch — some went out of business, while others saw that they could make more money by foreclosing than by modifying loans.

Borrowing rates will rise for governments, home buyers and other long - term borrowers, while savers will see more returns on conservative holdings such as savings accounts and it should become easier to fund pension savings.

Some lenders will approve borrowers in the 680 - 700 range, while others have a minimum credit score of 720.

Borrowers with enough funds for a 20 % down payment can avoid mortgage insurance immediately while others can have it removed with an appraisal after reaching an 80 % Loan - to - Value (LTV).

Lenders will naturally want the interest rates to go up while borrowers will want it the other way round.

In other words, it borrows money from depositors over the short term, promising to repay it on demand, while it lends most of that money out over the long term to borrowers, for instance in the form of 30 - year mortgages.

The organizations applaud the Department for proposing a student and borrower complaint tracking system that accepts complaints about loans, other aid, and colleges, while urging the Department to make the system public, searchable, and connected to the systems at other agencies.

While libraries going all - digital is a rarity, others already digitize books and offer them to remote borrowers who have been downloading them to desktop computers for years.

Miscellaneous fees - There are a lot of other miscellaneous fees that you as a borrower may not be aware of while taking the loan.

By refinancing the bad credit auto loan the borrower can access perhaps $ 5,000 of what has already been cleared and use it for other purposes, while the repayments can be less than the existing repayments, thereby freeing of more funds.

A Home Equity Conversion Mortgage, also known as the HECM reverse mortgage, is a loan that functions as a federally - insured cash advance on a borrower's home equity, and, while there are other maturity events as well, it is repaid when the last borrower or eligible non-borrowing spouse leaves the home.

So while a college's preferred lender list is a good starting point, prospective borrowers should also look at other lenders, such as lenders that advertise in print, on air, online and by mail.

This lending platform basically matches borrowers and lenders such that borrowers get their loans funded at usually much cheaper rates (vs traditional lenders such as banks and credit card companies) while lenders (also called investors) earn a rate of return on the money they lend with the potential to beat investment returns from other avenues.

As used in this paragraph, a «Covered Borrower» means any person who, at the time such person becomes obligated on a loan transaction or establishes an account for consumer credit, satisfies the requirements under any one or more of the following classifications, or is otherwise under applicable laws deemed to be a «Covered Borrower» under the Military Lending Act, 10 U.S. Code Section 987: (a) An active duty member of the Army, Navy, Marine Corps, Air Force or Coast Guard, or a person serving on active Guard and Reserve duty (a person described in this clause (a) of the definition of «Covered Borrower» is hereinafter referred to as a «Service Member»); or (b) Any of the following persons, relative to a Service Member: (1) The spouse; (2) A child under the age of 21; or (3) If dependent on the Service Member for more than one half of such person's support, any one or more of the following persons: (i) A child under the age of 23 enrolled in a full time course of study at an institution of higher learning; (ii) A child of any age incapable of self support due to a mental or physical incapacity that occurred before attaining age 23 while such person was dependent on the Service Member; (iii) Any unmarried person placed in legal custody of the Service Member who resides with such Service Member unless separated by military service or to receive institutional care or under other circumstances covered by Regulation; or (iv) A parent or parent - in - law residing in the Service Member's household.

In doing so, the borrower can take cash out of their equity to use for other purposes while preserving their first lien.

Mortgage life insurance, on the other hand, which sounds similar, is designed to protect heirs if the borrower dies while owing mortgage payments.

While these types of loans are easy to get, payday loans come due in full on the next payday, which usually puts borrowers in a bind financially once they factor in other household expenses that must be paid regardless of how much Christmas shopping they have done!

As a borrower, you can choose from two market mortgage interest rates; one rate comes with a Down Payment Assistance Grant (DPA) of either 2 % of your new homes purchase price, while the other rate is without the grant (Non-DPA).

As a borrower, you can choose from two market mortgage interest rates options; one rate comes with a Down Payment Assistance Grant (DPA) of either 2.5 % of your new homes purchase price, while the other rate is without the grant (Non-DPA).

Some borrowers will benefit by seeing their income driven repayment amount drop to 12.5 %, while others will lose by seeing it rise from 10 %.

Some lenders may require a score of 640 or higher, while others approve borrowers with scores down to 600.

There has been a steady increase in the total amount of past - due debt in the program, while the number of borrowers has declined, suggesting that interest charges and other fees are inflating the loan balances.

While the advantage in interest rate was minimal, both Bank of America and Wells Fargo quoted low rates relative to other areas, ensuring that borrowers here will have a broader range of competitive brick - and - mortar lenders.

While excellent credit is helpful, Prosper gives borrowers the opportunity to sell themselves to investors based on criteria other than financial history.

While borrowers have had issues relying on the paper application and other documentation to re-certify their earnings in the past, there are also complaints that these companies are not keeping their customer base properly informed with issues surrounding the data retrieval tool's outage.

Other options are subprime lenders, who are recognized experts in lending to bad credit borrowers, while traditional lenders are also a viable option due to the quality of the security provided.

Trended credit data is a two - year historical perspective on a consumer's utilization of credit accounts, giving lenders the ability to determine if a borrower tends to pay off revolving credit lines each month or if they tend to carry a balance month - to - month while making minimum or other payments.

Generally speaking, we recommend that borrowers evaluate their loan needs while also considering other options to get a vehicle, including leasing or researching local vehicles for sale, provided they have enough cash flow.

This means that some borrowers will land better - than - average mortgage rates, while others will pay more than these averages.

When you browse through the different accounts, loans and credit cards offered by a bank or credit union, you will find that APR is used to describe loans, credit cards and other products which involve the customer as a borrower, while APY is commonly attached to those in which the customer is earning interest as a lender.

Other borrowers like the idea of using the home as a rental property — while you can't purchase a home with this as your intent, it's possible to buy with a VA loan, live in the property for a while and then rent it out to others upon relocating.

Some lenders may allow borrowers to have higher ratios, while others set the bar even lower than 45 %.

Certain lenders cater to borrowers with low income, while others specialize in creating mortgages for people who have limited documentation, high debt - to - income ratio, or a short credit history.

While overall access to traditional financing from a bank or credit union has become more difficult for some small business borrowers, it can still be a viable option for many others.

However, some plans are only available to borrowers who are considered «new borrowers» after a certain date, and some plans base a borrower's monthly payments on 10 percent of discretionary income while others base payments on 15 or even 20 percent.

A lot of borrowers take out additional funding while refinancing their mortgage to pay down things like higher interest credit card debt or to consolidate student loans, automobile loans, or other personal loan.

In essence, we facilitate lending among our members, creating a situation where both parties benefit: Borrowers pay lower interest rate than they would on their credit cards or similar unsecure loans, while Lenders receive the interest the borrowers pay at higher rates than other investment opportunities of comparable risk (stated interest rates of 6.69 % -19.37 % after service charge) How many loans have you done (and for whatBorrowers pay lower interest rate than they would on their credit cards or similar unsecure loans, while Lenders receive the interest the borrowers pay at higher rates than other investment opportunities of comparable risk (stated interest rates of 6.69 % -19.37 % after service charge) How many loans have you done (and for whatborrowers pay at higher rates than other investment opportunities of comparable risk (stated interest rates of 6.69 % -19.37 % after service charge) How many loans have you done (and for what amount)?

While most will receive a «finder's fee» from the lender, others may attempt to charge the borrower, too.

The federal government covers interest on subsidized federal loans while the student is in school and at certain other times; all other interest is the responsibility of the borrower.

While it is generally in the interested of both the bank and you, the borrower, to avoid foreclosure proceedings, sometimes there is no other option.

Ten percent of these borrowers are behind in their payments by at least 30 days, while the others have outright defaulted on their student loans.

While low rates are a boon to borrowers, they inflict pain on others.

For some borrowers, this just got a lot more expensive while for others, it actually represents a big savings.