This element of the evaluation process is in the best interests of the borrower, as it helps to prevent establishing an obligation that could have a negative impact on overall creditworthiness. (wisegeek.com)
Instead of a 3 — 1 ratio guideline of income to debts to determine qualification, HUD uses the residual income method to determine qualification and they are looking for overall creditworthiness. (reverse.mortgage)
Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness. (finder.com)