Sentences with phrase «without paying back the lender»

Without it, the investor could resell the property without paying back the lender.

Not exact matches

The terms of cosigner release depend on the lender, but typically, the borrower needs to prove they have made on - time payments and have sufficient income to pay back the loans on their own, without your help.

Mortgage lenders want to make sure you can pay back the loan without struggling, and one way they calculate that is through your debt - to - income ratio.

Most lenders are less likely to loan a huge amount without an assurance that the money will be paid back in full.

The car goes back to the lender, you move on with your life without worrying about paying the unpaid balance.

Lenders want to identify which borrowers will likely pay back the loan and can handle the extra expense without becoming overwhelmed.

Accordingly, if you're approved for a conventional loan but have a low credit score or income, you're likely to pay higher interest rates and more in insurance charges than you would for an FHA loan; this is because it's riskier for lenders to offer a conventional loan to you without the backing of the government.

These records detailed a straightforward relationship between lender and debtor; that is, whatever was owed was paid back in full without interest.

Foreclosure is not the desired course of action for the lender as they would much rather prefer to be paid back in full for the balance of the loan without any additional hassle.

If you have been paying without problems, the lender will be willing to grant you some time to get back when your source of income lets you down.