Borrowers Sentence Examples

Borrowers must repay 2% of their principal half-yearly, and may repay as much more as they choose.

It should be borne in mind that in early times the larger values, such as minae, would be transmitted by commerce, while after the introduction of coinage the lesser values of shekels and drachmae would be the units; and this needs notice, because usually a borrowed unit was multiplied or divided according to the ideas of the borrowers, and strange modifications thus arose.

Some of the states have usury laws giving relief to borrowers in cases where circumstances have compelled them to agree to extortionate rates; but other states have no such laws, except that a contract in writing is invariably required in all cases where the "legal rate" is exceeded.

All the companies, except the Nord, have at one time or another had to take advantage of the guarantee, and the fact that the Ouest had been one of the most persistent and heavy borrowers in this respect was one of the reasons that induced the government to take it over as from the 1st of January 1909.

He might borrow from it but repaid like other borrowers.

However, borrowers can finally heave a sigh of relief.

Truly a nation of " borrowers " in more ways than one, but did they ever contribute anything really worthwhile?

This equitable relief is still available, though it is not so wide as the relief now given to borrowers under the Money-lenders Act 1900.

It is an important method by which borrowers can escape the vagaries of the interest rate.

Apply Online Now fast non status motgage deals happy to offer these products to borrowers.

They are of little help to expat borrowers and are particularly obstructive to existing borrowers looking to extend their terms, or borrowing levels.

Consolidating debt can save borrowers hundreds or thousands of dollars in interest payments, but it is not always an automatic fix to all financial woes.

With one simple payment, many borrowers find that they are better able to put more money towards the total debt instead of scattering payments among several different accounts.

For some lenders, however, this simply isn't enough; they want their borrowers to already have a history of making payments on time.

Many people choose Citibank for unsecured debt consolidation loans because the company is well known and offers flexible terms to qualified borrowers.

Debt settlement allows borrowers who are delinquent in a debt account to legally pay off the account for an amount that is less than the actual debt.

This allows borrowers to rid themselves of a debt obligation while also allowing the creditor or collection agency to receive more funds than they would if the debt went ignored or into bankruptcy.

Finding these loans can be difficult, but there are options available to some borrowers.

The law placed restrictions on how lenders could raise interest rates and collect fees from borrowers.

The following are some of the features available to borrowers.

These are just a few of the options available to borrowers.

Creditors consider consumers as either prime borrowers or subprime borrowers.

For example, most creditors consider a consumer with a score above 750 as prime borrowers.

This is a preferable method for many because the interest rates are generally low and the amortization is long, allowing borrowers to steadily pay down the debt for smaller amounts monthly.

Options exist for these borrowers as well.

It also helps safeguard borrowers from having a significant amount of debt at the time of leaving high school or college.

If the amount that the calculator determines is a significant amount of money, borrowers may choose to use either of these two methods to shave years off the length of the mortgage and/or save a significant amount of money on interest.

There are plenty of less-than scrupulous lenders online who attempt to take advantage of borrowers looking to buy a mobile home with as little money down as possible.

Some borrowers do not have the funds available for a substantial down payment, and in these instances a low down payment might be the only way to buy a mobile home.

Borrowers can take advantage of falling rates without refinancing.

Adjustable mortgage rates can be confusing for inexperienced borrowers, making it easy for lenders who aren't reputable to take advantage of the situation.

Some lenders insist on paying homeowners insurance and taxes through escrow and do not allow borrowers to do it themselves without paying hefty fees.

These same loans, however, are also available to borrowers who are not first time home buyers.

With all these options, it is not difficult for potential borrowers to find affordable mortgage loans.

Lower-wealth borrowers who experience substantial challenges in coming up with the funds for down payments and closing costs.

Mortgage brokers act as intermediaries between borrowers and lenders.

If the index rate moves up, so does your interest rate in most cases, and many times borrowers will be required to make higher monthly payments.

Along with increased risk to the lender, drawbacks and risks extend to borrowers as well.

Along with the interest rates charged on jumbo loans, borrowers should think about the long term ramifications of committing to such a sizeable monthly payment.

Don't forget that on top of that monthly payment, borrowers still have to pay property taxes, insurance or fees and assessments.

The advantage of the 2/28 ARM is that it permits borrowers to develop a record of positive mortgage payments.

Borrowers are expected to meet the lender's financial requirements.

Borrowers should speak with a certified reverse mortgage counselor before they make any decisions regarding mortgaging their home.

Another problem for borrowers of the lender-insured mortgage is having something to leave to your heirs.

The FHA-insured mortgage may have the least number of pitfalls for borrowers.

While borrowers may need to attend educational seminars on home ownership and managing finances, it seems well worth the effort for many individuals.

Borrowers can use reverse mortgages as income sources, allowing them to receive money in retirement and perhaps enabling them to avoid going back to work out of financial necessity.

Homes traditionally increase in value, and this is what most interest only borrowers are banking on for resale value.

Potential borrowers looking to obtain a reverse mortgage should find a lender that is currently in business and accepting applications.The information below pertains to when Countrywide was still open for business.

Each of these three mortgage types has benefits as well as potential problems for the borrowers.

These qualifications apply to both borrowers if it is a joint application.

Borrowers should carefully consider all of their options for a reverse mortgage in order to get the best deal and avoid any pitfalls.

Of course a smaller monthly payment is always possible if interest rates fall, and this would be a welcome surprise for borrowers.

In fact, many borrowers would rather pay these items on their own instead of trusting the lender to take care of it.

Some manufactured home loans have terms similar to those for traditional homes, requiring as little as five percent down and allowing borrowers to finance their purchase for up to thirty years.

With an interest only mortgage, borrowers are required to make payments that consist of interest only.

Borrowers can pay more than interest if they choose to pay toward the principal.

Payments are calculated as if the term is 30 years and borrowers usually have the right to refinance after 7 years.

EverydayLending.net also features a variety of mortgage affordability calculators that can help prospective borrowers analyze the implications of different financing options.

Borrowers can utilize these resources in order to make as informed a decision as possible.

Interest-only mortgage loans give borrowers the option of not making payments to the principal balance for a predetermined amount of time.

Potential borrowers who would like to apply for a mortgage through H&R Block can do so online through the official H&R Block Bank website.

Members of The Home Retention Team have extensive training and knowledge and work directly with borrowers in an attempt to keep homes out of foreclosure.

Members of this team have the authority to work out payment plans which may include lower payments or interest charges in order to get borrowers back up to current status in their mortgage loans.

Although many borrowers choose to pay a mortgage broker to find the best possible offer, you can find great offers yourself with a little effort and research.

To the contrary, many borrowers turn to bridge loans Oklahoma as a means by which to cover both mortgages temporarily because that is their choice.

Although lenders can start foreclosure proceedings as quickly as with one missed payment, most lenders wait a few months to give borrowers the chance to either catch up on payments or to negotiate a new payment plan.

Mortgage calculators that help potential borrowers calculate various scenarios to decide what payment options are most financially advantageous.

Mortgage lenders have various grace periods for payment, so while one lender might initiate foreclosure as soon as possible other lenders may give borrowers a little more time before moving ahead with foreclosure.

Keeping in contact with the borrower may stretch the procedures out a little longer to give borrowers the chance to catch up and stop the foreclosure process, but most foreclosures follow this approximate timeline.

At this point, borrowers can still easily avoid foreclosure by sending in the late payment or working out a payment plan with the lender.

Borrowers can attempt to purchase their home at the auction, but in most instances the home is sold to another buyer.

Borrowers should be aware of what index the lender uses to set rates.

This means that borrowers cannot exceed a certain percentage for income dedicated to paying recurring debt.

These counselors are trained to assist potential borrowers before applying for a mortgage.

The Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) can also be helpful to borrowers.

Lenders use this program to insure their funds against defaults by borrowers.

After the real estate market bubble burst and the economy started to sour, many legitimate lenders and assistance programs began offering loans designed to assist borrowers in keeping their homes and avoiding foreclosure.

Keep in mind that borrowers who have always paid their mortgage loans on time may receive a more favorable reaction than borrowers who have always sent in mortgage payment sporadically and have been delinquent in the past.

Also keep in mind that despite the hefty costs associated with foreclosing on a home, some lenders simply aren't willing to work with borrowers.

In most instances, borrowers should be prepared to pay interest rates and fees comparable to other subprime mortgage loans.

Governmental assistance programs are available to some borrowers through state or federal programs.

All borrowers must pay Private Mortgage Insurance (PMI) on loans with less than a 20% down payment.

Reverse mortgages, like all loans, are great for specific borrowers.

Additionally, borrowers can no longer will the entire value of a home to heirs because it is no longer available to give.

This professional will be able to answer any questions and to help potential borrowers figure out if a reverse mortgage is right for them.

The goal is to create new mortgage opportunities for borrowers and lenders which borrowers can afford.

Borrowers are required to show that they have the financial ability to make their new mortgage payments in full and on time.

These precalculated schedules require borrowers to estimate their particular situation based on the numbers presented.

The United States in particular uses the LIBOR as a common interest rate index offered to borrowers applying for adjustable rate mortgages.

Amortization schedules offer many benefits to borrowers.

In most states, law requires mortgage lenders to supply borrowers with a copy of their amortization schedule before document signing.

Most lenders want borrowers to retain their homes, and most homeowners want to avoid foreclosure if at all possible.

When initially getting involved with financing investment properties, some borrowers turn to their own assets as collateral.

In early 2009, President Barack Obama signed an initiative aimed to help five million borrowers refinance their homes if the mortgage is owned or guaranteed by Freddie Mac or Fannie Mae.

It provided millions in incentives to mortgage lenders to assist borrowers who are on the cusp of foreclosure to lower their monthly payments.

Borrowers who do not have their taxes and insurance withheld in an escrow account monthly by their mortgage servicer will not have the taxes and insurance portion as a consideration in the overall monthly payment.

This can cause confusion among potential borrowers who do not understand that the estimated payment does not necessarily reflect the full monthly cost.

The Economic Stimulus Act of 2008 expanded the amount of money the FHA has to help borrowers secure in mortgages.

Many borrowers secured loans with adjustable mortgage rates for high-value home purchases.

To stem the tide of foreclosure, even for questionable borrowers, the federal government temporarily changed the rules for FHA jumbo loans.

The Economic Stimulus Act of 2008 also allowed the FHA to help borrowers secure loans for amounts that reach 125 percent of the area's average home price.

Streamlines are not available to all borrowers with FHA mortgages.

It is important to remember that in some instances, borrowers will not only have to qualify based on the regulations set forth by FHA, but also must qualify based on the regulations set by the lender.

The lenders pass this increased risk along to the borrowers in the form of high interest rates and fees.

A lot of borrowers believed that real estate prices would just keep going up and that the quick equity they would get in their homes as a result of rising prices would make the homes affordable, or allow them to sell and make a quick buck.

In addition, many lenders require borrowers to sign IRS form 4506T, which allows the lender to actually check the tax returns to ensure that the individual is telling the truth about his or her income.

You may be able to set up bi-weekly payments at no cost, but some mortgage lenders may put restrictions on this type of program and require borrowers to pay a fee in order to sign up for bi-weekly payments.

This allows borrowers to get payments in after the due date without experiencing late fees or being considered delinquent.

A direct lender accepts applications directly from potential borrowers instead of only accepting applications through mortgage brokers or other intermediaries.

Interest rates are typically lower than for other types of loans and the interest paid for second mortgages may be tax deductible for some borrowers.

The company will also track rate trends and averages within the industry for borrowers.

This company allows mortgage brokers to post the best rates available for borrowers.

Chase offers six major options for borrowers looking to buy or refinance a home.

This page updates daily with the latest options available to borrowers.

Wells Fargo offers a variety of informative articles and detailed information online to help borrowers make wise financial decisions.

Borrowers who do not allow their mortgage company to pay their real estate taxes on their behalf need to make tax payments on time every time or may find themselves in a complicated mess.

Some borrowers also pay private mortgage insurance (PMI) monthly, which typically comes out of the monthly mortgage payment.

Countrywide borrowers became Bank of America borrowers and, today, Bank of America is operational and offers mortgage loans.

After Bank of America purchased the company and the transaction finalized, the company took steps to improve the financial situation of many of its borrowers who were facing loans they could not afford.

Mortgage borrowers do not generally have a choice regarding which servicing company handles their loans.

This can be a matter of contention among mortgage borrowers, especially if they do not feel as if their mortgages are being serviced properly.

Even though Cenlar and other mortgage servicers do not have the ability to offer mortgage refinancing, they may be able to provide mortgage modifications to qualified borrowers.

The flexibility of using the funds any way you would like to is one of the benefits many borrowers like.

It is often important for borrowers to prepare for such an increase to ensure they have the necessary resources to keep paying the mortgage.

Most borrowers, however,can make payments towards the principal during the interest-only period.

State-funded loans such as these are considered "revolving" because as payments are made from borrowers, that money in turn becomes available for new borrowers.

Borrowers do not need to repay grants, in most cases, but funding through grants will require stringent adherence to guidelines set forth by the grant's provider.

Local lenders connect borrowers to this funding option.

In addition to the SBA, borrowers can also approach local banks and national lenders to request funding for a new business.

These are the best scores, and borrowers with scores in this range will receive the lowest interest rates and best terms.

Unfortunately, it's also an opportunity for unscrupulous lenders to take advantage of borrowers.

Refinancing a vehicle is often easier to do than refinancing a home, and loans may be readily available to qualified borrowers.

Many stipulations attached to employment insurance policies leave many unemployed borrowers ineligible to use the policy, even if they have paid the fee faithfully, month after month.

The borrowers may have been tenants.

The legal rate should be a very little above the lowest market rate; sober people will then be preferred as borrowers to prodigals and projectors, who at a higher legal rate would have an advantage over them, being alone willing to offer that higher rate.

Borrowers were not induced to borrow as a rule with the view of employing the capital so obtained at a greater profit, but they were compelled of necessity to borrow as a last resort.

At the same time, however, their dealings were nominally under the supervision of the Jews' exchequer, and a number of regulations were enforced, partly with the view of protecting borrowers and partly that the king might know how much his Jews could afford to pay.

Daniel Rothschild says, " Lenders are clearly profiteering at the expense of their borrowers.

On equitable relief to borrowers reference should be made to Bellot and Willis's Bargains with Money-lenders.

Rate lock is an important method by which borrowers can escape the vagaries of the interest rate.

In order to utilize debt settlement, borrowers will need to have the money to pay off the settlement amount in a short amount of time.

Bankruptcy can be a good option for many borrowers who have no other ability to repay debt.