Sentence examples for future borrowers from inspiring English sources
College students and their families are set to enjoy lower borrowing costs this fall at the expense of future borrowers under a measure approved by Congress and to be signed into law by President Barack Obama.
Once one borrower is approved for a loan in a certain building, she added, future borrowers in that building need not clear the same hurdles.
"Though interest rates today are at all-time lows, this legislation would result in higher costs for future borrowers," the letter said.
The Bush administration has been far too slow to respond, with some officials apparently worried that helping today's troubled borrowers might encourage future borrowers to take on too much debt.
These issues involve sometimes difficult trade-offs between the treatment of borrowers facing distress and the potential harm to future borrowers who will find their access to credit constrained if lenders cannot rely on the security of collateral or the sanctity of contracts.
"This will be the game changer for many future borrowers," said Rick Cason, a branch manager at Integrity Mortgage in Orlando, Fla. "No one is going to want to take a loan out where mortgage insurance is guaranteed for the life of the loan.
Increased enrollment in income plans should reduce the ranks of future troubled borrowers, he said.
The legislation, dubbed the "Student Loan Affordability Act" and proposed by Senate Majority Leader Harry Reid (D-Nev ., Sen. Patty Murray (D-Nev .., Sen. Jack Reed (D-R.I)., and Sen. Tom Harkin (D-Iowa), aims to helPatty Murraybset of future student borrowers who take out loans over the next two years.
It's easy to feel that the spectre of a reduced credit rating and higher borrowing costs in the future will keep borrowers honest.
From a lender's perspective, credit-related information helps reduce their uncertainty on borrowers' future behavior.
Future reverse mortgage borrowers will not benefit from a drop in rates, but they will lose big from an increase.
