Sentences with phrase «equity lenders generally»

Equity lenders generally do not care about credit score but some lenders of this type of loans are sensitive to it.

Not exact matches

Generally, homeowners can request to drop private mortgage insurance when they have 20 percent equity in their property — and most lenders will cancel it automatically when their client reaches 22 percent equity.

Generally, the amount to be borrowed under reverse mortgage is based on the homeowner age, the equity in the home and the interest rate the lender is charging.

Lenders generally avoid houses with too much debt as it means there is too little equity left for the owner.

The term of a home equity loan is generally shorter than that of a first mortgage, and similar to a first mortgage, the lender has the right -LSB-...]

Generally, lenders require at least ten percent in home equity for a refinance, although some will approve a refinance with lower home equity.

As a result, lenders generally require that the borrower maintain a certain level of equity in the home as a condition of providing a home equity line.

Generally, the higher the equity you have in the property (or the lower the LVR), the less chance the lender will charge you a fee for LMI, and where they do, the less the fee will be.

Home equity lenders are generally very sensitive to risk and few if any will dare loan to homes with too little equity.

The borrower must have sufficient equity (generally at least 25 %) in the property which ensures the borrower is committed to the property / project and protects the lenders from some downside risk if something with the project goes wrong or the overall market takes a downturn.

(2) Debt — this is generally traditional project equity lending, and as with project equity there are plenty of lenders — big banks, small banks, private debt funds — ready to lend to all kinds of renewable energy projects.

Primary lenders typically provide 60 % loan - to - value on hotel deals these days, says Christopher Buccini, a partner with Buccini / Pollin Group Inc., a Delaware - based hotel developer, while Buccini generally provides equity of 15 %.

Generally, the older the homeowner is and the more equity he or she has in the home, the bigger the payment from the lender.