Sentences with phrase «by private lenders»

A loan offered by private lenders with a home presented as security is best known as a home equity loan.
By charging borrowers a mortgage - insurance premium, they're able to guarantee loans made by private lenders who participate in the program.
Unfortunately, unlike federal student loans, those issued by private lenders do not offer the same kind of straight - forward, affordable payment options.
These loans are provided by private lenders who use their own money to fund a mortgage.
Bad credit borrowers must contend with high rates charged by private lenders who need to mitigate risk.
Most second mortgages are funded by private lenders with specific market knowledge.
The reason is, of course, the higher interest rate charged by private lenders.
Private student loans, sometimes known as alternative loans, are made by private lenders such as banks, credit unions, and financial institutions.
Those who can not get low - interest loans offered by banks are the kind of clients sought by private lenders.
The mortgage agreement signed by private lenders allows them to sell the property and recover their money if a borrower defaults.
The standard payment plan for a federal loan is usually 10 years, and it offers an income - driven payment plan, which may not be granted by private lenders.
That can be a good thing if you have little credit history, or would be considered a high - risk borrower by a private lender.
For the reasons listed above, most academic experts agree that federal loans provide more overall financial support than loans distributed by private lenders.
A home equity loan is one that is provided by private lenders with real estate property as security.
This is a loan which is secured by real estate and given by private lenders who are ready to overlook such things as credit score and job history.
This is a risk mitigation measure taken by private lenders to help them recoup as much of their investment as possible before the borrower is unable to repay.
The loan term is set by the private lender and can be for up to 10 years.
Income and a good credit score are not however required by private lenders when considering loan applications.
The only problem is you aren't guaranteed to be approved by every private lender, and there isn't a guaranteed list of the easiest student loans to get approved for.
There are two main types of mortgages: a conventional loan guaranteed by a private lender or banking institution, or a government - backed loan.
Private student loan interest rates are determined by the private lenders issuing the loans.
In lending circles, this is known as a hard money loan and is financed by private lenders.
Some mobile homes also can qualify for some mortgages but often are financed via government subsidies and are not usually handled by private lenders.
You should compare the protections offered by private lenders before taking out a loan in the first place.
Loans provided by private lenders tend to have no origination fees but higher interest rates.
This information is usually needed for proper record keeping by private lenders unlike banks who reject applications based on equity.
Some may be written by private lenders who charge much higher rates of interest than government student loans.
In this case, a borrower has 15 % equity in their home which is considered viable by private lenders who prefer registered mortgages.
It is possible to negotiate better terms with a high annual income and relatively good credit score but this is not a mandatory requirement by private lenders.
If your loans are issued and serviced by a private lender, you have private student loans.
Because this form of student loan consolidation is only available for federal loans, student loans acquired by a private lender are not eligible.
Loans provided by these private lenders comes from individuals and companies who provide money to those turned away by banks.
It is issued by private lenders if there is enough equity in the property.
Annual write - offs by private lenders decreased by a hefty 21 % down to 1.9 %.
A home equity loan is one that is given with real estate as security by private lenders who are ready to overlook a borrower's credit.
Such a scenario would actually lead to fewer loans taken out for schools that are deemed too risky by some private lenders.
These are reverse mortgages that are backed by private lenders.
Conventional loans are offered by private lenders like mortgage companies, credit unions, and commercial banks.
Your credit score will be checked by private lenders.
Private mortgage loans are made by private lenders instead of traditional financing sources such as banks, lending institutions, or government agencies.
Private school loans are funded by private lenders, and borrowers do not have the same flexibility that federal borrowers have.
These loans are made by private lenders such as banks, savings and loan associations, or mortgage companies.
This means that these programs, even though issued by private lenders, are also typically without application or loan origination fees, as the loans are backed by the federal government.
People who do not qualify for a low - interest loan offered by banks are the kind of clients sought by private lenders.
That can be a good thing if you have little credit history, or would be considered a high - risk borrower by a private lender.
Loans that are secured by real estate are basically home equity loans which can be given by private lenders.
The type of loan secured by real estate is known as a home equity loan that is usually provided by private lenders.
a b c d e f g h i j k l m n o p q r s t u v w x y z