Sentences with phrase «because of lender»

If you've ever had to make the phone call to your seller a week before settlement, and tell them that the buyer's financing fell through because of a lender's incompetence, you know that the facts say otherwise.

My experience with closings is that they are always chaotic, usually because of the lender.

Some Dallas residents who have recently been designated as being in a high risk zone will have already received a yellow post card in the mail informing them that they are required to purchase a flood policy because of lender requirements.

Any resulting calculations could vary significantly from the actual loan payments you may owe because of your lender's actual method of calculation or a change in your financial condition.

While those with higher credit scores can also apply, we don't recommend LendingPoint for these individuals because of the lender's high starting annual percentage rates (APRs).

However, borrowers with lower credit scores may have trouble qualifying because of the lender's lack of government - sponsored loan programs and adherence to Fannie Mae's minimum credit standards.

But if it was because of lender - caused delays — say, delays to receiving necessary information or internal processing — then the bank would cover the fees.

While those with higher credit scores can also apply, we don't recommend LendingPoint for these individuals because of the lender's high starting annual percentage rates (APRs).

The reason «hazard insurance» is a common term is actually because of lenders.

I have negotiated hundreds of short sales and am in the middle of about 75 at any one time, and I have lost a few commissions because of lenders cutting my commissions down at the last minute and buyer's agents not being willing to decrease their expected commission.

Not exact matches

Interest rates on 15 - year mortgage terms are typically lower than those on longer - term loans because the shorter duration of the loan makes it less of a risk to the lender.

He says the Lendio survey is somewhat disingenuous, particularly because total payback amounts tend to favor small business lenders who push loans of less than a year.

First National — Canada's largest non-bank mortgage lender, originating $ 22 billion in loans each year — reacted swiftly, announcing Tuesday that Morneau's moves will impact about 41 % of its insured residential mortgages and that it anticipates a drop of as much as 10 % in originations of this kind, because its loans will no longer qualify for insurance.

The big question now is whether the borrowers turned away by traditional lenders because of the stricter rules will just abandon or delay their home - buying dreams, or seek out more expensive loans issued by the private lenders that are neither regulated nor required to carry mortgage insurance.

Lenders may accept an unusual level of risk because of the social good resulting from the use of the loan.

And because of the softening in the market, they haven't been able to find a lender willing to issue them a HELOC large enough to cover their unsecured debt.

America has been able to play the spendthrift because foreign lenders have shown a huge appetite for both our government and corporate debt — they now own $ 6 trillion of our $ 15.5 trillion in publicly owned Treasuries.

It matters, because organizations are going to have to innovate to create new storytelling strategies and find new focal points to capture the attention of would - be contributors — donors, lenders, volunteers, and others.

Though lenders don't like getting publicly bashed by customers — a major reason that some of its rivals don't provide ratings — they tolerate LendingTree's ratings because they need its leads.

Because the average salary for a woman still lags behind men's (the American Association of University Women says women earn 82 cents for every dollar a man makes one year after graduation) and lenders favor two - income households over single earners, Lautz says women are «making the most sacrifices to get into a home, but they're still placing a high value on owning a home of their own.»

By contrast, alternative lenders who cater to small business owners may encounter difficulties because of lack of regulatory clarity.

«Many of the regulations that protect consumers don't apply to small businesses, because businesses are supposed to be more sophisticated with dealing with lenders.»

Partly this comes with the territory of looser eligibility standards, but mostly it's because alternative lenders focus much more on superior algorithms and technology that lets them automate more of the processes.

These lenders typically are Internet - only operations and offer quick decisions on funding because they use analytic software and nontraditional means of assessing applicants.

In effect, consumer - only lenders like Avant, an Inc. 30 Under 30 company, may have an easier time of things, because it has more clarity on what it can and can't do.

The company says it can charge less than traditional payday lenders because of its underwriting software and because it saves money by not opening physical branches.

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

The lenders want the stake to be sold for top dollar but fear it will be sold for less than that to McClendon's wife, Kathleen, because she is family, said a lawyer representing a syndicate of banks led by Wilmington Trust that loaned $ 465 million to a company McClendon founded in 2013, American Energy Partners LP (AEP).

Because of how closely it will be scrutinized, you should definitely look at your credit score and report before a lender does.

The offer might prove too tempting to someone who might otherwise never take out an auto - title loan, said the regulator in a bulletin to lenders: «This business model could also be perceived as a deceptive practice because it appears calculated to bring the consumer into the store with the promise of one product, but later effectively requires the consumer to go to another location to purchase another product.»

Green's attack on the lenders came after he discovered that loans of $ 300 were costing up to $ 1,600 because of fees and annualized interest rates he found to be about 546 per cent.

But because that type of loan has come under intense scrutiny, many lenders have developed what payday lender EZCorp chief executive Paul Rothamel calls «second generation» products.

Canada Drives largely targets — and appeals to — what Green calls «under - banked» customers: those people who are, either because of bad or non-existent credit, of little interest to the big lenders.

Dealers love the service because it gives them warm leads for customers who might not have otherwise found their way onto the lots, and who, having been vetted by Canada Drives, then experience a pain - free financing process with the dealer's lender of choice.

You are not being invited to a special dance, you are being approached because you are the lender of last resort.

«The heart of the issue is, if you borrow from a family member, there's risk because it can cause damage to the personal relationship, depending on how that loan is handled and the expectations from the borrower and the lender,» says Katherine Dean.

Because of the «power of sale» clause in the deed of trust, the lender can hire a third party to auction the house and skip the expense of going to court.

Your credit report information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies.

Foreclosures are widespread (usually the owners were victims or ARM loans but otherwise pay their bills), this means that these previous home owners will be out of the home buying game for a good 3 years because a lender will not lend to them, they become renters, usually of houses.

But finding the small business loan is the most challenging part, because you need to know which lenders to work with, plus how to minimize the impact of a lien.

If the IRS views it as a gift because there was no intention to repay it, then the lender becomes subject to the federal gift tax rules and will have to pay taxes on any amount in excess of $ 14,000.

However, because private student loan lenders do not offer any respite to borrowers by way of loan forgiveness over time, individuals should carefully consider their options with their federal student loans before opting to refinance with a private lender.

This type of payment makes sense for lenders because it reduces the costs associated with processing a loan payment, and more frequent direct debits (daily or weekly) make it possible for the lender to identify any potential repayment issues early — giving them time to try to help borrowers catch up on any loan payments they may have missed and mitigate larger credit issues down the road.

The traditional car - buying process encourages overspending, because dealers and lenders know borrowers will make the payments even as the rest of their financial lives suffer.

This is because most private student loan lenders offer extended repayment plans and variable interest rates that seem lower at the onset of a loan refinance, saving borrowers money on their monthly payment as well as on the total cost of borrowing over time.

Because its purpose is to reduce risk to lenders, mortgage insurance is priced to reflect the relative danger of the borrower defaulting on the loan.

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.

Because a small business loan is considered a higher - risk loan, to reduce that risk to the lender, the SBA will frequently guarantee 50 % to 85 % of an eligible loan (within their 7 (a) loan program, for example).

ARMs are a slightly more risky option, because they will adjust over time, but today's ARMs are nothing like the ones underwritten during the heady days of the last housing boom, when lenders often required no down payments and no documentation.

If you don't meet a traditional lender's underwriting requirements because of your personal credit, industry, or loan amount, they could help.