Word Finder - borrower

definition

One who borrows.

example

a library borrower's card

One of these is micro-lending, which directly connects the lender with the borrower and which the Internet has made appealingly easy and personal.

Understanding your rights as a borrower.

In what are commonly called loans of money, it is not really the money, but the money's worth, that the borrower wants; and the lender really assigns to him the right to a certain portion of the annual produce of the land and labour of the country, As the general capital of a country increases, so also does the particular portion of it from which the possessors wish to derive a revenue without being at the trouble of employing it themselves, and, as the quantity of stock thus available for loans is augmented, the interest diminishes, not merely "from the general causes which make the market price of things commonly diminish as their quantity increases," but because, with the increase of capital, "it becomes gradually more and more difficult to find within the country a profitable method of employing any new capital" - whence arises a competition between different capitals, and a lowering of profits, which must diminish the price which can be paid for the use of capital, or in other words the rate of interest.

All the states have what is called a "legal rate" of interest; and when no rate of interest is specified in the contract between the parties, there is a presumption that the borrower has agreed to pay the legal rate.

In taking usury also, both the borrower and the lender would share that sin.

The amount borrowed will be combined with the amount the borrower still owes on his first mortgage.

Borrowing more than 80% of the home's value will subject the borrowing more than 80% of the home's value will subject the borrower to private mortgage insurance.

And converting debt into secured borrowing, such as a mortgage, puts the property at risk if the borrower defaults.

In bonds, they bet that interest rates will remain low, inflation benign and borrower default levels at unusually low rates.

An interest-only mortgage provides flexibility to the borrower in.. .

Visits must only be made at times convenient to the borrower, and you must not overstay your welcome.

Debt settlement is either initiated by the borrower or creditor.

Bankruptcy allows a borrower to come forward and state that he or she is unable to make payments on the borrowed funds.

In this form of bankruptcy, the borrower receives a debt discharge, and no longer has to repay it.

Because the borrower becomes the slave of the lender.

It includes a graphic display of how lenders view you as a borrower and how you compare to others in any zip code or state, as well as other categories.

Although it depends on the borrower's particular situation, some debt consolidation loans, like home equity loans, may provide certain tax advantages.

If an internet search yields the result of an unknown lender with fantastic rates, the borrower should really take the time to research the lender before supplying their own personal information.

Without closing the accounts, the borrower runs the risk of winding up with even more debt than he or she had to begin with.

The program is a process in which the debt consolidation company works with creditors and the borrower to structure a more affordable payment plan to help the borrower to get out of debt.

The debt consolidation company then makes a payment to the creditors on behalf of the borrower.

Those companies can offer several benefits to the borrower.

This payment is often required to be auto drafted from the borrower's checking or savings account on a monthly basis.

At that time, lending practices were not standardized and lenders based their decisions of whether or not to lend on various criteria including personal relationships with the borrower.

Whether you are the borrower or the lender in the case of debt settlement action, you should familiarize yourself with the terms of the Fair Debt Collection Practices Act.

Whenever a borrower ignores requests from the creditor about the debt they owe, they show the lender they have no real intention of paying the debt.

The act of lending money for consolidation should be more about assisting the borrower as opposed to making a profit, although a lender that is not profitable will have problems maintaining operations.

However, you repay the amount you borrower monthly.

A negotiation process may take place where an amount for the settlement is initially proposed by the borrower which is followed by a counteroffer by the creditor.

Of course, this method can have definite drawbacks if the borrower never manages to make the extra principal payments because the total balance will someday come due.

A cardholder or borrower's riskiness increases with a missed payment deadline.

This type of card requires the borrower to place a deposit on the card.

By filing for bankruptcy, you've proven to creditors that you are a high risk borrower.

No consolidation option is perfect, but there are some that are better than others depending on the borrower's situation.

The sister necklace reflects the teasing fun of siblings because on the back of the pendant is scrolled in pierce writing, "Prankster Secret-Keeper Roommate Borrower Lender Chaperone Friends."

The lender will also want to examine the creditworthiness of the mortgage guarantor, which could be different from the borrower.

Often, the borrower is a company that operates as a corporation or limited liability partnership, while the guarantor may be an individual who has an interest in the company.

Business owners can choose from some of the same Types of Mortgages that a residential borrower would have.

Another consideration for a commercial mortgage borrower are the terms of the note and how they affect the management of the property.

Also, some lenders will allow the borrower to make mortgage payments every two weeks instead of once a month.

Adjustable rate mortgages could cost a borrower more in the long run than fixed rate mortgages.

With regular loans, lenders use the borrower's income to determine whether or not the borrower can afford the home.

The webpage for this division allows a borrower to look up properties owned by Chase by inputting geographical information such as town, county, or zip code.

The borrower directly deposits their entire paycheck into their mortgage account.

They promise to beat any bank offer or will pay the borrower $100.

During construction, the borrower pays interest only on the total funds used.

It applied to homeowner's insurance charges and related late payment fees imposed by Fairbanks when the borrower already had an existing homeowners' insurance policy.

On the front end, the mortgage broker or lender takes on the risk and as adjustments are made in the rate, the risk shifts from the lender to borrower.

Each borrower pays an insurance premium to provide for this potential difference.

There are some basic requirements that a reverse mortgage borrower needs to meet.