Sentences with phrase «then other borrowers»

Then other borrowers who initially pre-qualified may be removed based on a detailed manual review conducted by our credit team.

Not exact matches

If the funds are obtained through increased government borrowing, then the purchasers of this increased supply of government bonds will be curtailing their lending to other borrowers / spenders or will curtail their own spending in order to purchase the government bonds.

Because instead of limiting the overall availability of credit like it did in the past, the Fed now limits the credit available to other prospective borrowers by grabbing more for itself, which it then passes on to the U.S. Treasury and to housing agencies whose securities it purchases.

As long as they continue to pay the property taxes and homeowner's insurance on the home, keep it in good condition, and comply with the other loan terms, then loan repayment continues to be deferred until the borrower leaves the home.

On the other hand, this means that as a borrower you may rack up debt that then continues to expand because of interest rates that are much higher than normal.

If the loan isn't repaid, then the pay day loan lender has the right to pursue the borrower for repayment just like any other business who is owed cash.

Are you drawing the conclusion that a loan officer or others in the lending process are less likely to follow the rules on a borrower with a Fico score below 620 then they would on a borrower with a Fico above 620?

Use to be that if a borrower had other compensating factors such as a large reserve of liquid assets then they would approve the loan with a higher than normal debt to income ratio.

It's amazing to me but we've actually had homeowners calling in lately after receiving quotes as much at three quarters of a percent higher in rate and some with origination fee above what we can do for them and then they tell me that the other lender told them that either we were going to «make it up in other fees» or other cautionary comments meant to scare the borrowers into staying with them at a higher rate.

But that's just the beginning: Other allegations state that Navient offered a cosigner release promotion where friends and family members could cosign on a loan, with the understanding that once the borrower showed an ability to make continuous on - time payments, the cosigner could then apply to be released.

Other borrowers like the idea of using the home as a rental property — while you can't purchase a home with this as your intent, it's possible to buy with a VA loan, live in the property for a while and then rent it out to others upon relocating.

If the borrower plans to use the residence, but has a source of income other than the farm which will be the primary source of income, then the farming operations need not be considered.

This information is then compared to the historical record of other borrowers and their repayment rates to determine an individuals credit risk.

Subprime loans can help borrowers fix their credit scores, by using it to pay off other debts and then working towards making timely payments on the mortgage.

Borrowers can use it to pay off other debts and then work toward making timely payments on the mortgage.

That means that by making money off of student loan borrowers, the federal government is reaping profits from their loan repayments and then subsequently making more money off those borrowers than other taxpayers.

A ratio less than 1.00 would indicate a negative cash flow and the borrower would then have to pay for normal operating expenses from other funds.

If you've never had a credit card, car loan, mortgage or any other type of loan or any credit history, then you'll likely be deemed as having no credit and could be denied by lenders as being high risk, simply because they have no data to show whether you're a reliable borrower.

In other words, we do not have merely a subprime meltdown — if we did then standards for prime borrowers would have remained largely the same.

In other words, if mortgage rates go up in the future then borrowers with fixed - rate loans will have a hedge against such higher costs — and lenders wont.

This amount is determined by the buyer's chosen lender, who then bases it on the borrower's credit, income and other factors, according to SFGate.

Although PLUS loans made to parents can't be repaid under any of the income - driven repayment plans (including the ICR Plan), parent borrowers may consolidate their Direct PLUS Loans or Federal PLUS Loans into a Direct Consolidation Loan and then repay the new consolidation loan under the ICR Plan (though not under any other income - driven plan).

Some hard money lenders will quote interest rates and points and then conveniently wait to inform the borrower of other document, origination or processing fees.

Other lenders entice borrowers with low rates but then add hidden fees, such as origination fees and prepayment penalties.

In the event of the borrower's death before the loan's repayment, the lender receives the amount owed through the death benefit and the remaining balance is then directed to other listed beneficiaries.

Borrowers then scrambled to find mezz or other subordinated financing to make up the funding shortage.

Other ways borrowers look for quick exits include taking on a 15 - year loan fixed for three, five, seven or 10 years that then converts to variable rate for the remainder of the term.

Other borrowers like the idea of using the home as a rental property — while you can't purchase a home with this as your intent, it's possible to buy with a VA loan, live in the property for a while and then rent it out to others upon relocating.

With loan proceeds, borrowers pay off their existing mortgage and may then use their funds to pay off credit card debt, fund their medical care needs, and whatever other expenses they need to cover.

American Homeowner Preservation purchases pools of challenged mortgages from banks and other lenders and then offers borrowers viable, sustainable solutions to stay in their homes with reduced payments and discounted principal options.

If, on the other hand, your loan is going to be used by the borrower for the purchase of property, then get a security interest in it.

Montegra can offer them an increase of the loan principle to 65 % of the current property value, and the borrower can then use the additional cash from the new bridge loan for other investment purposes.