Sentences with phrase «underwriting requirements»

"Underwriting requirements" refers to the set of criteria or conditions that must be met by someone who is applying for a loan or insurance. These requirements assess the applicant's financial stability, creditworthiness, and other factors to determine if they qualify for the loan or insurance coverage. Full definition
Independent agents act as personal shoppers who know the intricate details of the insurance underwriting requirements of these companies and can ensure you get covered by a company that is right for you.
There are different underwriting requirements for both types, and your health will determine what you're eligible for.
Guaranteed replacement cost coverage is available with endorsement packages; exceptions may apply to certain features of the structure; applicants must meet underwriting requirements in order to qualify.
Because the loan is insured veterans are subjected to reduced underwriting requirements in qualifying for the loan.
With underwriting requirements remaining tight, traditional balance sheet lenders under stress and reluctant to lend, and regional bank failures rising, we expect a continuing financing gap in the market in 2010.
Because these policies are relatively small, they have minimal medical underwriting requirements.
Under exceptional cases and based on underwriting requirements, we may make some alterations in the amount communicated to you.
Each company has their own different underwriting requirements and independent agents know which company is best suited for each individual's situation.
Luckily, several options exist today that allow borrowers with good credit to buy a home with little or zero down, as long as they meet other underwriting requirements.
A few carriers have policies with more liberal underwriting requirements.
More stringent mortgage rules and tighter underwriting requirements have purposely slowed down the market's growth.
* The program allows homeowners to bypass many of the traditional underwriting requirements.
In order to qualify for a refinance, most lenders have strict underwriting requirements.
Additional underwriting requirements apply for 4 years after a 3 year waiting period.
If you don't meet a traditional lender's underwriting requirements because of your personal credit, industry, or loan amount, they could help.
Most of these policies are marketed by the mortgage companies and do not require the same underwriting requirements as regular life insurance policies.
However, if you're in the market for a smaller policy or one with relaxed underwriting requirements, much of this can be avoided.
However, in issuing a loan, individual lenders establish their own underwriting requirements.
How much cash you qualify for depends on a number of factors including your direct lenders underwriting requirements, your take - home income range and / or your immediate employment status.
Additional underwriting requirements apply for 4 years after a 3 year waiting period.
If underwriting requirements are not met, the net projected premiums in column 9 will apply.
Experienced and qualified Mortgage Management professional with 18 years experience in mortgage / lending and a proven track record in managing mortgage operations on a large scale while driving underwriting requirements and customer service.
Initial decision is subject to your meeting specific underwriting requirements, and final approval will be based upon your satisfying these requirements.
And different lenders may assign you a higher or lower score, depending on their internal underwriting requirements.
Take your time to compare underwriting requirements while you compare rates.
You will see that these sample companies offer different types of policies, have different age requirements, waiting periods or none at all, various underwriting requirements, and have different coverage amounts.
The secondary market is one reason why underwriting requirements can vary among lenders.
Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo mortgages come with unique underwriting requirements and tax implications.
All life insurance policies typically have similar underwriting requirements to qualify for coverage.
For conventional loans between $ 350,000 and $ 400,000, additional credit underwriting requirements will apply.
Because of this, there are no lengthy underwriting requirements to wait for — and in turn, the policies can be approved and issued very quickly in most cases.
Your spouse (under 65 years of age) and dependents (under 19 years of age) are eligible for coverage, as long as they meet the same underwriting requirements.
New insurance products come out yearly, with lower pricing or more favorable underwriting requirements.
Financial underwriting requirements are based off the type of job you have, and it's even easier than the medical underwriting process.
A policy may contain a provision providing that under certain circumstances the policy may be exchanged for another life insurance policy, typically without further underwriting requirements.
Commercial insurance may pay a higher commission since they have complex underwriting requirements and time consuming to find the right company.
It is important to understand underwriting requirements and medical requirements before applying for a high face value policy so that you are prepared for the process.
In addition to the comparison information in the online quotes, we will also provide input on things like underwriting requirements and company service.
The second reason for a full underwriting requirement would be if you're considered a high risk.
With underwriting requirements remaining tight, traditional balance sheet lenders under stress and reluctant to lend, and regional bank failures rising, we expect a continuing financing gap in the market.
The borrowers must meet the credit and underwriting requirements of the participating One Mortgage Program lender they choose.
Every company has various medical underwriting requirements, which means that every company is going to view your application differently.
By using the free unbiased quote engine, you can instantly compare the best rates and even know the financial rating and underwriting requirements for that company, ever before speaking with an agent.
Rate shown is for a female, age 35 for preferred plus category, and is based on age, gender, no tobacco use, and other underwriting requirements.
Plus, there are no medical exams or underwriting requirements in order to buy paid - up additions, meaning you can increase your coverage even if your health has gotten worse.
But you must meet underwriting requirements, including credit score and income (more on that below).
Typically, applicants for this type of coverage will not need to go through the traditional underwriting requirements.
Even these two products, which have similar uses, have wildly different underwriting requirements.
Other policies do have underwriting requirements as well as a monthly charge for the rider.

Phrases with «underwriting requirements»

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