Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
Affordability will need to be checked if borrowers wish to permanently convert to an interest-only mortgage, or where the mortgage term is proposed to be extended beyond the borrower’s expected retirement date.
Private loans are treated like personal loans in a sense because the lender looks at the borrower’s credit history, credit score, and debt-to-ratio.
Source: https://www.rushprnews.com/2023/09/29/what-to-know-about-private-student-loan-forgiveness/
This means that in the unfortunate event of the borrower’s untimely passing, the outstanding loan debt will be fully cleared and $4,000 paid out to their next of kin, providing peace of mind for both the borrower and their loved ones.
Source: https://fijisun.com.fj/2023/04/06/bsp-finance-going-beyond-conventional-financing/