Sentences with phrase «traditional lenders tend»

Traditional lenders tend to lock out many would - be buyers, due to strict loan parameters.

Traditional lenders tend of charge higher rates of interest than online lenders, so that area is understandably growing quickly.

Traditional lenders tend to have a cautious approach when it comes to low credit ratings, so the chances of rejection are higher.

Traditional Lenders tend to have a long application process, require significant paperwork, do personal credit based evaluation, only lend large amounts, and require specific high - value collateral.

Traditional lenders tend to be more expensive, with the bad credit status pushing interest rates up.

Traditional Lenders tend to have a long application process, require significant paperwork, do personal credit based evaluation, only lend large amounts, and require specific high - value collateral.

Not exact matches

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Because credit unions don't lend to make a profit, the interest rates tend to be lower, the fees are usually fewer, there are no origination fees, and the repayment terms tend to be more flexible than the terms offered by traditional lenders.

Because credit unions don't lend to make a profit, the interest rates tend to be lower, the fees are usually fewer, there are no origination fees, and the repayment terms tend to be more flexible than the terms offered by traditional lenders.

However, unlike more traditional lenders, since the risk is high to the lenders, interest rates tend to be high as well.

For starters, online lenders and credit unions tend to offer lower rates a than traditional bank.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Online lenders frequently offer better rates than traditional banks and they tend to be a bit more flexible when it comes to approving borrowers who have less than perfect scores.

They tend to focus on high credit scores rather than other factors that traditional lenders ask for and they can help you with Personal loans, Student loans, and Mortgages.

Online lenders tend to offer some of the best rates available, and outperform traditional banks at the cost of providing less in - person support.

The best mortgage rates we found in North Carolina were all provided by direct lenders, who tend to be more active about publishing their rates online than traditional banks.

Traditional lenders do not see potential but tend to focus on past payment history.

One of the great benefits of the peer - to - peer lending process is lenders tend to have more information available beyond the traditional credit score and credit report — borrowers can self - report income, length of employment, home ownership (own, mortgage or rent), purpose of the loan and a loan description.

Traditional lenders also tend to stall on small and medium companies after a credit crunch, but cash flow funding is what feeds small business expansion.

We have seen in our previous surveys that recent immigrants tend to express more traditional home - buying sentiments, including a stronger preference for big - bank lenders over non-bank lenders.