Sentences with phrase «by the lender as»

Although there might be some variation depending on the bank you're working with, scores are typically classified by lenders as follows:

In short, charter schools are viewed by lenders as more risky.

For borrowers who don't put 20 % down — which is not a requirement — and are viewed by lenders as higher credit risk, mortgage insurers reduce or eliminate losses by providing protection to the lender in the event of a foreclosure.

Because MI selection is currently handled by the lender as part of the primary market process, the IMAGIN program sets a precedent of allowing the GSEs to participate in primary market activities while also putting the taxpayer at greater risk by circumventing the high capital and regulatory standards that MIs are held to today.

Credit Score — A credit score is a number, generally between 300 and 850, that is provided in a credit report and used by a lender as a predictive indicator of your likelihood to repay a loan.

To get the best mortgage interest rate, you need to be classified by lenders as a low - risk borrower.

Technically this time share is looked at by lenders as a mortgage which it actually is.

Because personal loans are usually unsecured, they're perceived by lenders as riskier, so higher interest rates may apply.

An instrument provided by the lender as evidence that the loan has been paid off and the lien is satisfied.

Although there might be some variation depending on the bank you're working with, scores are typically classified by lenders as follows:

The revolvers, however, would be unable to show the obligation is paid and, therefore, it would be seen by the lender as a strain on borrowing power to income.

A student is recognized by lenders as being a special case.

Also known as interim interest, prepaid interest is charged by lenders as part of the upfront closing costs in a mortgage.

It states that a lender may deliver a mortgage with an appraisal created by an appraiser that was chosen by another lender as long as that appraisal was prepared in compliance with the appraiser - independence requirements.

Short - sales for example, are generally treated by lenders as a foreclosure.

Borrowers who are not able to make a down payment of 20 percent are viewed by lenders as a higher credit risk.

Having no, limited, or low credit scores can make buying a house challenging; you are viewed by lenders as a higher risk customer, and you will have trouble getting a poor credit home loan from many banks.

People who meet the banks» criteria do not need to pay upfront as brokers will be paid directly by lenders as soon as the mortgage closes.

Student loans are generally treated by lenders as installment loans, i.e. one - off payments which are then repaid in installments over an agreed period.

The most common form of appraisal is ordered by a lender as part of the mortgage process, whether buying a new home or refinancing.

Developed by Fair Isaac & Company in the late 1950s, the FICO score has become almost universally accepted by lenders as a reliable means of evaluating a borrower's credit worthiness.

The IRS considers a debt that was cancelled or written off by the lender as income to the debtor.

If the terminology seems a little confusing, your broker is there to explain important information and conditions set out by the lender as well as any steps required to close the mortgage transaction.

If you've never had a credit card, car loan, mortgage or any other type of loan or any credit history, then you'll likely be deemed as having no credit and could be denied by lenders as being high risk, simply because they have no data to show whether you're a reliable borrower.

The interest rate advertised or shown by a lender as the interest rate it charges for a mortgage product.

It is widely accepted and preferred by lenders as it does not result in a bank - owned property.

The insurance is bought and paid for by the lender as it helps defray the downside risk of mortgaging a more expensive property.

Under chapter 13, you have protection against foreclosure on your home by your lender as long as you meet the terms of the plan.

A poor track record or no track record is often viewed less favorably by lenders as lenders like to see a proven track record establishing credibility.

Third party settlement costs could be eliminated by implementation of one simple rule: any service required by lenders as a condition for the granting of a home mortgage must be purchased and paid for by the lender.

A lien is typically filed by a lender as evidence of its claim upon an asset until such time as the associated loan is repaid.

Standards imposed by lenders as conditions for granting loans, including maximum ratios of housing expense and total expense to income, maximum loan amounts, maximum loan - to - value ratios, and so on.

An upfront cash payment required by the lender as part of the charge for the loan, expressed as a percent of the loan amount; e.g., «3 points» means a charge equal to 3 % of the loan balance.

The most common form of appraisal is ordered by a lender as part of the mortgage process, whether buying a new home or refinancing.

Also referred to as «discount points», a point equals one percent of the amount of a mortgage loan and are charged by a lender as a form of pre-paid interest.

The costs charged by your lender as part of providing a home loan mortgage to you for the purchase (for example, credit report fee, loan origination fee, flood certification fee, etc.);

Last week's column noted that the agency's new loan estimate disclosure, though a lot better than the disclosures it replaces, will not protect borrowers from unjustified changes in loan terms by the lender as the loan process moves toward closing.

Not exact matches

This will allow you to improve any aspects of it which raise alarm bells, as well as to prepare answers and explanations to any concerns or issues raised by lenders and investors.

By presenting the cost as a total payback amount, lenders would be disguising the actual price of the loan.

Spearheaded by more than two dozen lenders and small business advocacy organizations, including Lending Club, Funding Circle, the Aspen Institute, and the Small Business Majority, the bill requires transparency about pricing and fees, fair treatment of borrowers and responsible underwriting, as well as clear language and easy - to - understand terms.

The San Francisco based startup is one of the largest companies known as peer - to - peer lenders and runs a website where consumers can apply for loans that are either funded by individual investors or by institutions such as banks.

For example, a project with 70 percent bank debt, 10 percent subordinated debt and 20 percent equity, could be viewed by the senior lender as a project having roughly 70 percent bank debt and 30 percent equity.

Your APR can vary, as it's based on the U.S. prime rate (set by the Federal Reserve) and whatever additional margin your lender tacks on.

, as it's based on the U.S. prime rate (set by the Federal Reserve) and whatever additional margin your lender tacks on.

The online lender, founded by Renaud Laplanche in 2006, has decided to package its loans and sell them to investors as bonds, The Wall Street Journal reports.

Low closing costs is based upon analysis of application, appraisal, and origination fees for competing U.S. lenders as compiled by an independent third party research firm on a quarterly basis.

Aug 7 (Reuters)-- Shares of OnDeck Capital Inc rose as much as 17 percent on Monday after the online lender said it had made progress on a plan to cut costs and improve the credit profile of its borrowers, and expects to reach double - digit loan growth again by next year.

The tense negotiations over Greece's debt come as the Greek government struggles to find a consensus to pass the budget reforms demanded by its so - called troika of lenders — the European Central Bank, European Union and International Monetary Fund — in exchange for releasing the next installment of bailout money, a 30 billion euro ($ 38.3 billion) payout scheduled to be released in March.

As traditional lenders shied away from the smallest small businesses, loans to those businesses have been in decline and slow to recover [3], online lenders are making more capital available to small businesses by adding a financing option that didn't exist previously.

Issuers can give smaller increases without any additional steps, but for larger ones, your lender likely will request a copy of your credit file — also known as «a hard credit pull» — a move that will ding your credit score modestly — typically by 5 points or less.