"Mortgagors" Example Sentences
1. The mortgagors were struggling to keep up with their monthly payments.
2. The bank foreclosed on the property of the mortgagors.
3. As part of the agreement, the mortgagors were required to maintain homeowner's insurance.
4. The mortgagors were able to negotiate a reduced interest rate with the bank.
5. The mortgagors missed several payments and received a notice of default.
6. The bank provided the mortgagors with a repayment plan to help them catch up on their payments.
7. The mortgagors were relieved when they were approved for a loan modification.
8. The mortgagors were unable to refinance their mortgage due to their poor credit history.
9. The mortgagors sold their property and used the proceeds to pay off their mortgage.
10. The bank required the mortgagors to provide proof of income before approving their mortgage application.
11. The mortgagors were shocked when they received a notice of foreclosure.
12. The bank worked with the mortgagors to reduce their monthly payments through a loan modification.
13. The mortgagors were able to renegotiate their mortgage terms with the bank.
14. The bank required the mortgagors to put down a larger down payment since they had a high debt-to-income ratio.
15. The mortgagors submitted a hardship letter to the bank in hopes of getting approved for a loan modification.
16. The bank offered the mortgagors a forbearance plan during a temporary financial setback.
17. The mortgagors faced a lawsuit from the bank for breach of contract.
18. The bank provided the mortgagors with a notice of default due to missed payments.
19. The mortgagors had to pay a penalty fee for making a late monthly payment.
20. The bank required the mortgagors to take out private mortgage insurance since they put down less than 20% of the purchase price.
21. The mortgagors invested in property improvements to increase the value of their home.
22. The bank required the mortgagors to have a minimum credit score to be approved for a mortgage.
23. The mortgagors hired a real estate attorney to assist with negotiating their mortgage terms.
24. The bank required the mortgagors to provide a down payment of at least 5% of the purchase price.
25. The mortgagors received a notice of acceleration from the bank due to missed payments.
26. The bank required the mortgagors to pay closing costs at the time of signing their mortgage agreement.
27. The mortgagors paid off their mortgage early to avoid paying additional interest charges.
28. The bank required the mortgagors to provide a copy of their tax returns to verify their income.
29. The mortgagors struggled to find a lender willing to approve their mortgage application due to their low credit score.
30. The bank worked with the mortgagors to provide a flexible payment plan that accommodated their financial situation.
Common Phases
1. The
mortgagors must make timely payments on their mortgage; failure to do so could result in foreclosure.
2. Before finalizing the mortgage agreement, the
mortgagors should carefully review all terms and conditions; this will ensure that they fully understand their obligations.
3. It is important for
mortgagors to keep their property in good condition and perform necessary maintenance; failure to do so could potentially lower the value of the collateral.
4. If the
mortgagors wish to refinance their mortgage, they should shop around for the best rates and terms; this can save them money in the long run.
5.
Mortgagors may be required to purchase mortgage insurance if they are unable to make a large down payment; this protects the lender in case of default.