Repay - Law Dictionary Search Results

compensating factors

compensating factors factors that show the ability to repay a loan based on less traditional criteria, such as employment,

use this information to gauge a potential borrower's ability to repay a loan. Source: U.S. Department of Housing and Urban Development

lender measures the ability of a person to qualify and repay a loan. Source: U.S. Department of Housing and Urban Development

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creditworthy : likely to be able to repay loans or consumer credit cred·it·wor·thi·ness n

kind 1 : a particular type, category, or class [properties of like ] see also like-kind exchange 2 a :...

mortgage note a legal document obligating a borrower to repay a loan at a stated interest rate during a specified

score is a comprehensive analysis of the borrower's ability to repay a mortgage loan and manage credit. Source: U.S. Department of

is given to the lender to fulfill the obligation to repay the debt; this process does not allow the borrower to

loan to someone who does not have the ability to repay. It also pertains to repeated refinancing of a loan charging

rate agreed upon by the lender and the borrower to repay a loan. Source: U.S. Department of Housing and Urban Development

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