A person who agrees to cover your financial expenses while in Japan for study or whatever purpose They will be required to provide a Letter of Paying Expenses or equivalent, proof of employment and proof of savings and income You should submit these documents to the school if applying for a student visa, or to the Japanese Consulate if applying for a tourist visa and they require such guarantees
is a person who promises to pay for the debt or default of another A guarantor is sometimes required where the lender will not provide mortgage money unless the guarantor warrants in writing that he or she will pay off the mortgage loan, if the original borrower defaults Back to beginning High-ratio mortgage - is a mortgage for more than 75% of a property's appraised value or purchase price, whichever is lower Home inspection - is an inspection of the property by a a professional home inspector, at the expense of the purchaser If the purchaser wants such an inspection to be made, the Offer must include a condition that if the home does not meet the purchaser's satisfaction based on the inspector's report, the Offer can be cancelled within a certain time limit The deposit will then be returned to the buyer
Should the mortgage provider not be entirely satisfied with the financial credentials of the borrower they may require that a more financially secure person promises to pay the borrower's debt should problems arise Many parents offer to fulfil this role, especially for first time buyers
The guarantor is responsible for payments if you default If a lender is concerned about your ability to repay your loan, they may require you to find a guarantor for the loan
A secondary party who becomes obligated to repay a debt for the party primarily responsible who has failed to repay an obligation A guarantor of an introducing broker is a futures commission merchant that is subject to discipline under NFA rules for violations committed by the introducing broker
A person who pledges collateral for the contract of another, but separately, as part of an independently contract with the obligee of the original contract Compare with "surety "
Is a person who agrees to guarantee that a loan will be paid The guarantor is therefore fully liable for the repayment of the borrowed amount should the borrower default
We require that a personal guarantor sign almost every merchant application By signing, this person agrees to personally guarantee (make good on) any processing losses Humboldt Bank incurs as a result of our business relationship with this merchant This is the person or per-sons for whom we order a personal credit report for review by our underwriters It is appropriate to think of a personal guarantor as akin to a co-signer Top of page
This is a person who will guarantee that the mortgage repayments are made in the event of default by the borrower Usually this will be a parent or relative of a borrower It should be remembered that a guarantor would be fully liable for repayment of the mortgage amount if a borrower defaults The guarantor should therefore be confident that the borrower will meet all the necessary monthly payments top