Borrower: An eligible person as specified in an executed Certification of Eligibility, prepared by the appropriate campus representative, who apply for personal loan poor credit be primarily responsible for the repayment of a Program loan.
Bridge Loan: A temporary loan, usually less than 12 months, provided to a borrower when the net proceeds from a sale of a prior residence are not available for the purchase of a new home. It is intended that a bridge loan will be paid off with the net proceeds from the prior residence's sale.
Close of Is western union a cash advance The meeting between the buyer, seller and lender (or their agents) where the property and funds legally change hands.
Certification of Eligibility : Form signed by campus representative certifying that the applicant is eligible for Program participation and the amount of the loan allocation. Also known as form OLP-30. Community Property: Property acquired by husband and wife, or either, during marriage, when not acquired as the separate property of either. Co-Borrower: Any individual who will assume responsibility on the loan, take a title interest in the property and intends to occupy the property as their primary residence.
Co-Signer: Any individual who will assume responsibility on the loan, but who will not take a title interest in the property nor occupy the property.
Specific lenders may also have different rates and Terms and Conditions. Please ask your lender for all information related to your loan before agreeing to a loan. Latest Articles. Check out our blog. Get the latest information about new trends on the market, read walk-through tutorials and guides to learn the basics of financial affairs. Considering a Payday Loan Online.
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25 to 0. 50 until such time as the Borrower Rate equals the Standard Rate. Hazard Insurance: A contract where an insurer, for a premium, undertakes to compensate the insured for loss on a specific property due to certain hazards. (See Homeowners Insurance Policy). Home Improvement: Repairs andor additions made to better the status of the permanent structure of the primary residence.
Home Loan Coordinator: The person designated by the Chancellor of each campus and Laboratory Director absa atm cash loan the Home Loan Coordinator. This individual serves as the primary contact at the campus level for loan applicants. Homeowners Association: An organization of homeowners residing within a particular is western union a cash advance whose major purpose is to maintain and provide community facilities and services for the common enjoyment of the residents.
Homeowners Insurance Policy: An insurance policy available to owners of private dwellings that covers the dwelling and contents in the case of fire, wind damage, theft, and, personal liability.