borrower borrower  /ˈbɑ roʊ ər/

Definition(s):

  • (n) someone who receives something on the promise to return it or its equivalent

Usage(s):

  1. As long as the borrower stays current on his or her payments, he or she can get up to $1,000 each year for five years.
  2. That may be fine if the borrower is in your will anyway and the wealth transfer doesn't run afoul of federal limits on tax-free gifts.
  3. A borrower who falls behind on payments typically does so within the first two or three years, but now the problems are reaching ever further back.

News

  1. Mortgage Leads See Higher Conversion Ratios For Lenders Tapping Into Loan-Specific Marketing by Using Multi-Tier ...

    MortgageLeads.org reports that with an influx of borrowers targeting specific loan programs like HARP, FHA and VA, mortgage lenders can benefit by taking advantage of advanced multi-tier marketing strategies that target the serious borrower versus the casually interested one, and that with recent FHFA analytics figures supporting this growing trend, lenders would be advised to think about ...
    on June 14, 2013     Source: PRWeb

  2. Borrower Advice Website, LoanLove.com, Offers New Tools And Information For Home Buyers

    Recently opened home loan advice website, LoanLove.com, provides a fresh take on the mortgage industry for borrowers looking for the best home loan options with new online tools and informative loan advice articles. (PRWeb June 13, 2013) Read the full story at http://www.prweb.com/releases/loanlove/borrower-advice/prweb10814748.htm
    on June 13, 2013     Source: PRWeb

  3. Former mortgage firm owner gets probation for fraud

    The former owner of a Madison mortgage brokerage firm was sentenced Wednesday to a year of probation for her role in a scheme in which false income information on a borrower was submitted to a lender.
    on June 13, 2013     Source: Wisconsin State Journal

Quotes

  1. "Over the years, the relationship between lender and borrower and a particular piece of property has been severed," said Massachusetts Secretary of State William Galvin. "It's clear that it's become a runaway train."
    on Feb 18, 2008 By: William Galvin Source: Washington Post

  2. "When the borrower and lender come together, they often can find a way to avoid foreclosure - a win for everyone," Kulongoski said Thursday.
    on Jul 30, 2009 By: Ted Kulongoski Source: Washington Post

Word of the Day
repudiate repudiate
/ri ˈpju di ˌeɪt /