Sentences with phrase «because lenders»

This is because lenders make a substantial portion of their loan profits on interest payments, and paying off a loan early eliminates this income stream for the lender.

If you have less than perfect credit you still can apply for an instant cash loan because our lenders don't do traditional credit checks so it makes qualifying easy.

This is because lenders miss out on additional opportunities to collect interest payments.

These loans come cheap only because lenders deem them less of a risky investment Private lenders like issuing loans as registered mortgages as protection from the high risk posed by some borrowers.

When future lenders see this notation on a person's credit report, it can be a disadvantage, because lenders look down upon these marks.

But there is a growing number of lenders who have decided to specialize in bad credit automobile financing because these lenders recognize that any car loan has collateral attached to it - the car itself.

There's no definitive answer as to whether you should close down your old cards, because all lenders are different.

Much of it's because lenders don't want it understood, and credit reference agencies want you to think it works a certain way so they can sell you extra products based on your fear.

It will, because lenders also need to be sure you are who you say you are.

This is because lenders expect the balance to be relatively high for the first few years.

Because lenders bear greater risk with an unsecured loan than that of a secured loan, they would put more stringent requirements on you and charge a higher rate of interest.

This is because lenders bake in a few additional factors, such as the uncertainty about a used car's reliability; and generally lower credit scores of used car buyers.

These different types of credit are often confused because lenders rely on equity when making lending decisions.

Therefore, because lenders are protected in the case of default with this insurance, FHA loans typically have far more attractive terms for borrowers, such as lower down payments, reduced closing costs, and less rigid credit qualifications.

This is because lenders can see this, and it means that you may be desperate for credit if you are applying in multiple places.

The actual application being turned down will not directly affect your score because lenders will not necessarily be aware that this was the case.

Both of these numbers (500 and 580) are basically moot, because the lenders who make these loans will require even higher credit scores.

This is important because lenders may not understand what the money is intended for if you do not alert them that you wish to make extra payments.

The only difference is that it comes with higher interest rates because lenders bear higher risks.

Because lenders are especially fickle about loaning money to someone whose ability to repay is still unproven.

This is because lenders want to see stability; they want to know that you have been in your current position for some time, that you are past probation, and that everything is working out well.

It was also easy for a home equity loan refinance because lenders had access to many 2nd loan products.

The result can be disastrous because lenders fully expect the co-signer to pay the full balance on the loan if the primary borrower defaults.

That's because lenders see bank accounts as a sign of stability.

Overlays are put in place because lenders, responsible for origination decisions, may not feel the criteria are strict enough based upon historical payment performance.

Because lenders take on most of the risk, they're allowed to set a minimum credit score.

Getting an unsecured personal loan for bad credit is arguably the easiest task, but not because the lenders are simply feeling generous.

This move requires good credit history because lenders are not going to trust a borrower with a bad history of making debt payments.

Some of the differences are because lenders act with more caution as compared to last decade.

Understanding MCA is important because lenders consider this amount when determining how much reverse mortgage loan proceeds will be available to you, also known as the principal limit.

«In some cities that have low property values, where there are dense concentrations of foreclosures, you see lenders who file foreclosure proceedings but don't actually take control of the properties, because the lenders have to maintain them and pay taxes on them.»

Credit scores take on an important role in underwriting because lenders rely on past performance as an indicator of future results.

In Chicago, for example, «move - up buyers,» those moving up from their first homes, still face difficulty because lenders have more stringent requirements, said Zeke Morris, president of the Chicago Association of Realtors.

Some lenders have their own version of your credit score, either because a scoring company like FICO created a customized score for the lender or because some lenders have their own credit scoring methods.

This is because lenders get paid back the money they are owed, but students in debt are able to pay the loans back with lower monthly payments.

That's because lenders and financial services providers rely on your three - digit credit scores to determine how likely you are to pay your bills on time.

This drives home mortgage interest rates up, because lenders can not sell their loans at lower yields.

Because the lenders in the CashUSA.com network all understand that past financial difficulties should not stand in the way of you receiving needed funds today, you can qualify for a cash loan even if you have poor credit or no credit at all.

Time is an important factor in credit reporting, because lenders are more inclined to disregard events in the distant past.

If they are secured, you must treat them as priority debts because lenders can ask the court for possession of your home if you do not pay.

Because lenders have this protection, they are able to offer loans with very small down payments, provided credit requirements are met.

This being said because some lenders or traders could have hidden costs that the person asking for the money might not exactly see.

This being said because some lenders or traders could have hidden costs that the person asking for the loan may well not see.

This being said because some lenders or investors may have hidden costs that the person requesting for the money might not exactly see.

Because all lenders follow the same rules to ensure the accuracy of the annual percentage rate, it provides consumers with a good basis for comparing the cost of loans, including mortgage plan.

Because lenders are taking a risk by giving access to credit to an individual who may potentially not be able to repay the necessary repayments, they in turn charge a high interest rate to counter balance this.

Generally speaking, lenders like to report prompt information because lenders all rely on it to some extent.

Because lenders take on most of the risk with each loan, they're allowed to introduce requirements and standards that go beyond what the VA wants to see.

This is because the lenders and the appraisers will err on the side of conservative when valuing a home for refinance purposes.

(Of course, final approval on any mortgage depends on the house you choose to buy because lenders must agree that it provides reasonable collateral for the loan.)