Sentences with phrase «base a loan approval»

In autodecisions, a bank bases loan approvals or rejections solely on an applicant's credit score.

We base our loan approvals on the equity in the property in question, without placing too much emphasis on low credit or experiences in a borrower's past.

Bear in mind that your new mortgage lender will base its loan approval on an appraisal.

They base their loan approval decisions on their own set of criteria rather than the standard credit score determined by the three major credit bureaus.

Instead of basing loan approval on a numerical score created from information reported to the credit bureaus for up to the past seven years, it's based on your current circumstances and nothing else.

Meritize is a unique academic lender that bases its loan approvals not only on traditional credit scores, but also using a student's academic performance.

«A percentage of the rental income is included as part of the underwriting for a loan,» says Bill Mullen, president of NE Moves Mortgage in Waltham, Mass. «However, if the property is vacant you can't base a loan approval on anticipated rent payments.

Not exact matches

Compared with standard commercial loan products, the underwriting examines cash flow closely as a basis for approvals and decisions on loan rates.

OnDeck loan approvals are based upon healthy business fundamentals like cash flow, not based solely upon the value of any particular business asset.

A personal loan can be a source of startup funding because approval is typically based on your personal credit score.

A personal loan can be a source for newer businesses because approval is typically based on your personal credit score.

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.

It is easy to qualify for factoring and NOT like traditional financing or bank loan or lines of credit where approval is based on your personal and direct business credits and assets.

The decline in issuance was sharper than can be readily explained by seasonality and the fall in housing loan approvals in 2004 and appears to have been driven by a fall in issuer supply rather than investor demand, given that primary spreads have narrowed by at least 5 basis points over the period, to historically low levels.

Mortgage pre-approvals are «dry runs»; approvals based on an expected set of loan criteria which will eventually go to closing.

With an unsecured business loan, approval is based on your entire business» health, not just your credit score.

This type of funding is not a loan, and approval is based on the amount of rollable retirement funds you have available.

The Grad PLUS Loan is credit based and requires credit approval.

All loan figures are based upon non-commercial usage and are subject to credit approval from an independent lending source.

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Many readers also ask what credit score is required for a mortgage loan approval based upon the state where they live.

Lenders base approval and interest rate pricing for loans on these equations.

We approve hard money loans through an equity - based approval process.

Because Scottsdale hard money loans are based on the equity of the property, those struggling with poor credit history can take advantage of easy approval terms.

As part of this effort, FHA will also direct its approved mortgage lenders that loan approval «must be based on the creditworthiness of borrowers and not on unrelated factors or characteristics, such as sexual orientation or gender identity,» HUD said.

This means that approval - decline decisions as well as the loan terms are based on an applicant's (or a cosigner's) credit history.

Like mortgages, auto loans are paid in installments over the course of years, and approval is often granted on the basis of good credit.

Despite these differences, the approval for and interest rates for both types of financing are based on a property's loan to value ratio (LTV).

Instead of basing approval decisions on a number generated by an algorithm created by the credit bureaus to measure someone's creditworthiness based on past behavior, lenders for tax loans base their decisions on each person's current income and ability to repay.

Your status for approval is based on several factors that include employment, credit, loan payment history, and other similar factors.

Approvals are based not on your credit score but rather on your steady income, so that you will be able to pay the unsecured online loan back to the lender in time.

It seems like on almost a daily basis mortgage lenders are sending out new restrictions when it comes to mortgage loan approval for today's consumer.

And though the rates are still lower than that of credit cards and pay day loans, truth is that the approval of these unsecured consolidation loans is based on your credit score and you will need a fair credit stance in order to qualify if you need a high loan amount.

With less stringent requirements for loan approval, Kabbage loans makes it easier for startups and home - based businesses to be able to afford to grow their businesses.

Although eligible for the home loan benefit, veterans must still qualify based on income and credit before loan approval is granted.

Loan approval based on Alaska USA credit lending policy.

While very different, these loans often cause confusion because approval for both is based on property LTV and not credit score that banks prefer.

During our hard money loan application process, we base our approval on the equity in the property.

To get a guaranteed approval of loans with bad credit the applicant needs to provide proof of income, but the approval is really based on trust that repayments will be made.

Those that have bad credit or recent foreclosures and bankruptcies on their record enjoy easy approval terms as our loans are based on the equity of the property in question.

These type of loans are given as mortgages registered on a property and the main basis for approval is home equity.

Loan approval or denial is generally a decision based on credit score which is determined by your credit history.

Besides, in practice, loans approved based on pay checks are emergency loans requiring very fast approval.

Founded in 2014, Fullerton, California - based Net Lender promises to give residents of California approval for in - person or online title loans fast — sometimes in under an hour.

LendingPoint's approval method relies less on a borrower's credit score and funds loans based on a holistic review of each credit profile; consequently, it is likely to be more lenient when it comes to approvals and lower credit scores.

These loans are also the best option when it comes to getting fast approval, not through the generosity of the lenders but because the deal is only based on an upcoming paycheck.

Our personal loan approval process is based off of your ability to repay the installment loan and not based on your credit history so you can be approved in minutes, not days!

Based on our conversations with lenders, it appears that most prefer to see a score of 600 or higher for loan approval.

Our experts have reviewed and rated the top bad credit loan services below, ranking them based on each service's reputation, loan terms, and approval rates.

Stated Income Commercial Loan - approval is based on your stated income, credit history, property debt service coverage, and liquid assets (NOT verified).