Sentences with phrase «lenders base the loan»

If you are married, you may also have the lender base your loan amount on the income that is received by you and your spouse.

Lenders base your loan application on the equity you have on your home.

Mortgage lenders base your loan amount on the LESSER of the appraised value or the purchase price.

Not exact matches

• Social Finance Inc, a San Francisco - based student loan refinancing services company, discussed a potential sale earlier this year with Charles Schwab Corp, but the talks fell apart over the $ 8 billion price the online lender sought, according to Reuters.

Reports are also the basis for your credit score, that three - digit number in the 300 - 850 range (the higher the better) that lenders use as a measure of your creditworthiness to approve loans and set interest rates.

The San Francisco based startup is one of the largest companies known as peer - to - peer lenders and runs a website where consumers can apply for loans that are either funded by individual investors or by institutions such as banks.

Under variable rate loan plans, the lender and borrower negotiate the amount of the spread to be added to the base interest rate.

Asset - based lending is more comparable to the traditional loan process, where a lender will evaluate accounts receivable, inventory values, and fixed assets to determine creditworthiness, and issue a line of credit.

The government charges around 7 percent for its federal loans and private lenders assign fees based upon risk.

This spring, it acquired two Ontario - based commercial lenders: Maxium Group of Companies, which has issued loans to 35,000 clients in health care, transportation and real estate; and the Canadian division of GE Capital, which provides financing to the hospitality and restaurant industries.

Though touted as a lower - cost alternative to payday loans, the bill's primary backer was Moneytree, a Seattle - based payday lender.

The APR offer you receive will vary from lender to lender, based on the loan product you're seeking and your history as a borrower.

Between 2013 and 2016, Detroit - based Quicken Loans closed more than $ 300 billion in home loan volume across all 50 states, and in 2016, for the seventh consecutive year, earned J.D. Power's highest rating for client satisfaction among all U.S. mortgage lenders.

Options include loans from traditional banks and institutions affiliated with the Small Business Administration, as well as financing from Internet - based lenders.

The index that most lenders base their rates on is the United States Prime Rate which is the rate banks charge each other for short - term loans.

Elevator pitch Create a web based auction portal for lenders to sell individual loans to small investors.

Private Lenders offer loans with interest rates that rise and fall based on the performance of a specific index.

The amendment provided for (i) an immediate reduction in the interest rate margin applicable to the loans outstanding under the Senior Secured Term Loan Facility from (a) 3.50 % to 3.00 % for LIBOR borrowings and (b) 2.50 % to 2.00 % for base rate borrowings, (ii) an immediate lowering of the LIBOR floor for loans outstanding under the Senior Secured Term Loan Facility from 1.25 % to 1.00 % and (iii) the borrowing of incremental term loans, the proceeds of which were used to repay the outstanding loans of lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8lenders that did not consent to the repricing amendment (the Non-Consenting Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8Lenders) in an aggregate principal amount of approximately $ 99.6 million, which is the amount of loans held by such Non-Consenting Lenders on February 8Lenders on February 8, 2013.

Actual rates will vary based on how creditworthy you are, the length of the loan, the loan amount, and the lender.

Based on these factors, the lender will either issue a loan with a new interest rate or deny an application.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

All credit decisions, including loan approval and the rates, terms and other costs of the loan you are offered, are the sole responsibility of the lenders and may vary based upon the lender you select.

What's more, because the loan is not based upon the loan - to - value ratio of any specific collateral, the lender is using other data points to evaluate a business owner's creditworthiness.

* Annual Percentage Rates (APR), loan term and monthly payments are estimated based on analysis of information provided by you, data provided by lenders, and publicly available information.

Adjustable - rate mortgages are a hybrid type of loan in that the interest rate is usually fixed at first, but then fluctuates based on the rise or fall of an index chosen by mortgage lenders — commonly, an index tied to an investment in U.S. Treasuries.

Even though lenders are allowed to add a spread to the base rate, the maximum spread can be no more than 2.5 % on loans with maturities shorter than seven years and no more than 2.75 % on loans with maturities seven years or longer.

The approximate cost of lender's title insurance varies by state and provider; it's generally based on the loan amount, transaction type and coverage type, among other variables.

Fueled by web - based tools that speed up the application process, a new paradigm for evaluating credit worthiness, and the ability to leverage technology to help them determine eligibility (often in under an hour), these lenders may approve business loans that might be overlooked by traditional banks, and can typically do it in much less time than their traditional counterparts.

Based on the evaluation, the lender will offer a loan within its loan - to - value parameters, specifying an interest rate and payback period.

That also means that the interest rates for these loans are set by the lenders, based on the borrower's credit history and / or other underwriting criteria determined by the lender.

Most private student loan lenders base their rates on LIBOR, which stands for the London Interbank Offered Rate, a rate estimated by leading financial institutions in London.

The lender takes the risk that the loan may not be repaid and charges an interest rate based on that risk.

With a merchant cash advance, lenders provide a loan based on a merchant's future credit card sales.

While many lenders include such assumptions to display lower jumbo mortgage rates, the base jumbo rates are typically higher than conforming loan interest rates.

Your credit score, income, down payment size, and other factors used by other lenders to set home loan terms are the basis for your mortgage interest rate.

And while there are also plenty of direct lenders who advertise their rates online and provide servicing through the phone or web - based tools, having a TD bank branch in your area may make for a better loan experience in the long run.

Among online mortgage lenders, Quicken's Rocket Mortgage loan program proved to be the best available option in Washington based on its convenient tools, speedy processing and record of high customer satisfaction.

Bank lenders in the Buckeye State also offer refinance loans, but we found that their rates are typically a dozen basis points higher than rates on the same products at direct lenders.

There are multiple models of each, and lenders may use different models based on the product they're financing (i.e. mortgages versus auto loans).

Colorado amended its payday loan law in 2010 to set a minimum six - month term for loans based on checks held by the lender.

To test whether mortgage rates in Pennsylvania change according to city, we asked the state's biggest lenders for purchase mortgage rates in four cities, based on the same $ 170,000 loan profile used above.

Using Hard Money — Hard Money Lenders loan money based primarily on the Loan - To - Value of a propeloan money based primarily on the Loan - To - Value of a propeLoan - To - Value of a property.

Installment lenders were not included in a 2006 federal law that banned selling some classes of loans with an annual percentage rate above 36 percent to service members — so the companies often set up shop near the gates of military bases, offering loans with annual rates that can soar into the triple digits.

Instead, small companies are turning to lenders that provide collateral based loans.

To date, the Federal Reserve has increased the Federal funds rate by 175 basis points in this tightening phase, and recent evidence from the Federal Reserve's survey of senior loan officers suggests that lenders are also becoming somewhat more cautious about extending credit to businesses.

One of the factors that lenders will base their decision on will be what you'll be using the loan for your startup.

You will want to organize your emails so you can quickly find information based on lender, borrower, and type of loan.

Bank of America, one of the largest mortgage lenders in the U.S. based on loan volume, recently announced it would offer a 3 % down payment home loan without charging borrowers for private mortgage insurance.

To compensate for this lack of «real address», lenders use dummy information based on probable loan data including sample purchase prices, sample real estate tax bills common for the area, and sample homeowners insurance policies and / or homeowners association assessments, where applicable.

With an unsecured business loan from an alternative lender, you can get anywhere from $ 10,000 to $ 2,000,000 (based on your cash flow and revenue) and fast, often in as little as 24 - 48 hours depending on the lender.