Sentences with phrase «borrower meets high standards»

No - principal loans don't fit the description, but lenders are willing to write interest - only if a borrower meets high standards.

Not exact matches

In fact, the minimum credit requirement to even be considered for a personal loan is 660, but even meeting the minimum standards will mean significantly higher interest rates for most borrowers.

While the lender is prepared to pay its standard compensation on each loan, what if a disclosure error results in exceeding the tolerances on the Good Faith Estimate (GFE); a loan's fees must be reduced to meet high cost (or Qualified Mortgage) thresholds; or appraisal or credit report charges are not collected by the borrower?

Borrowers who do not meet lender standards or FHA loan rules for «maximum financing» may have to make a higher down payment as a compensating factor.