Sentences with phrase «stricter underwriting»

Sometimes even policies with strict underwriting guidelines can still offer a more competitive rate than a guaranteed issue policy.

Expect to pay higher fees and deal with much stricter underwriting standards.

Anything larger is considered a jumbo loan and usually comes with stricter underwriting criteria.

Anything larger is considered a jumbo loan and usually comes with stricter underwriting criteria.

On top of that, many companies have very strict underwriting guidelines which would cause certain applicants to be declined.

Lenders often charge higher rates for «riskier» properties, not to mention imposing stricter underwriting guidelines.

In order to qualify for a refinance, most lenders have strict underwriting requirements.

Traditional lenders are bullish, but not overly so, and are still following strict underwriting standards.

However, the key difference is that a simplified issue whole life plan has far stricter underwriting.

Please keep in mind that those above circumstances assume that you medically qualify for their policy (which may not happen due to how strict their underwriting is).

The claim from my manager is that simplified issue term life has stricter underwriting so it is easier to place someone in simplified issue whole life.

Therefore, they will charge higher interest rates, or employ stricter underwriting criteria.

Many stayed clear of the mortgage meltdown, have money to lend, and aren't subject to the same strict underwriting standards to which the large national and regional banks must adhere.

To assess risk, lenders have very strict underwriting guidelines and requirements, and looking like a good risk is pertinent.

But in return for that guarantee, borrowers were held to strict underwriting standards.

It has very strict underwriting, so you have to be healthy to get in.

Lenders often charge higher rates for «riskier» properties, not to mention imposing stricter underwriting guidelines.

Anything larger is considered a jumbo loan and usually comes with stricter underwriting criteria.

Because conventional loans are not backed by the government lenders follow stricter underwriting guidelines which require good credit, a strong financial status and lower loan - to - value ratios.

The banks» mortgage portfolios are being watched for any impact from new stricter underwriting rules for uninsured mortgages introduced on Jan. 1.

Also known as the «ability to repay» rule, QM takes into account a borrower's risk and financial situation, prohibits the use of some of the riskiest types of mortgage from the pre-2008 era, and provides legal protections for lenders if they meet strict underwriting standards.

In the U.S. these measures included stricter underwriting standards for mortgages (implemented after the 2007/2008 credit crunch and housing crash), and increased margin and capital requirements for banks and lenders.

These policies can also have other advantages, too, in that they typically will cost less than two separate life insurance policies, and they may have less strict underwriting criteria — especially if one of the individuals is in very good health.

SBLI has fairly strict underwriting guidelines for its term life insurance product.

Available to all buyers, FHA loan programs are primarily designed to help low - and moderate - income families who do not meet requirements for conventional loans that adhere to more strict underwriting guide lines.

On top of this, private lenders have much stricter underwriting criteria compared to the Federal government and FAFSA.

The reason is most lenders have credit overlays, which translates into stricter underwriting guidelines than Fannie Mae and FHA have published.

That's probably because lenders are easing up on the ridiculously strict underwriting requirements they slapped on home loans after their reckless lending of the early 2000s led to the mortgage crisis of 2008.

Given the anemic small business loan demand as well as continued strict underwriting standards from issuers, issuer focus continues to be on driving small business spending rather than outstandings.

Preferred Bank's experience with an apartment developer is a reminder of how important strict underwriting terms will be as loan demand increases, rates rise and lenders try to outdo each other.

The truth is, State Farm has very strict underwriting relative to other final expense companies.

The policy is issued instantly without strict underwriting formalities.

As stated in the accompanying report, «The Committee is confident VA's current strict underwriting standards and low foreclosure rates will ensure that veterans still have the required good credit and income to qualify for the loan, and that this change will not result in a significant increased amount of foreclosures.»

As news reports have made clear, the poor performance of many subprime and Alt - A loans, particularly so - called 80 / 20s, in which borrowers put no money down and are not required to document their incomes, has triggered stricter underwriting standards and higher costs among lenders.

The post-crisis trend toward stricter underwriting standards has also made mortgages harder to come by.

In a small but notable victory for consumers and REALTORS ®, federal banking regulators pushed back to Aug. 1 from June 10 the deadline for public comment on their controversial rule to define a safe, qualified residential mortgage as one with at least 20 percent down, among other strict underwriting criteria.

Meanwhile, in Canada, amid heightened worries over new, stricter underwriting rules for mortgages, the banks» domestic businesses remained strong.

Lenders often charge higher rates for «riskier» properties, not to mention imposing stricter underwriting guidelines.

Traditional national lenders, like Wells Fargo and Bank of America, generally have stricter underwriting requirements, but better rates and terms.

These so - called «qualified mortgages» have important guardrails against a future spike in defaults, including stricter underwriting and safer loan terms.

FHA loans require low down payments and typically have less strict underwriting standards than conventional loans.

Traditional life insurance products have far stricter underwriting.

Seniors housing owners looking to refinance their properties this year will find money available, though lenders are cautious and still have fairly strict underwriting standards...

Available to all Texas residents, FHA loan programs are primarily designed to help low - and moderate - income families who do not meet requirements for conventional loans that adhere to more strict underwriting guidelines.

That's especially true given the fact that lenders are now applying much stricter underwriting standards and are only providing debt up to 55 % to 60 % of a property's value, instead of 75 % to 80 % as recently as last year.

For example, some insurance companies such as Allstate and State Farm follow strict underwriting guidelines.

Just like Colonial Penn whole life insurance, their term life also has very strict underwriting.

Owning a policy from a company with strict underwriting standards and a favorable mix of risk classes can lead to actual mortality rates being lower than anticipated.

Jumbo mortgages usually have stricter underwriting guidelines because they are not backed by Fannie Mae or Freddie Mac, but are instead held by banks or private funds.