Sentences with phrase «by the lender because»

Blanket liens are preferred by lenders because they are secured by multiple assets and are therefore less risky.

A 20 % down payment is viewed as ideal by lenders because you are investing a significant amount of your own money in your home and therefore the lender's risk is reduced.

This is mainly done by lenders because they now people tend to consume more during Christmas holidays and loans are products like everything else; financial products, but products all the same.

(Denied on a $ 14,000 dollar RV loan with 1/2 down and credit score of 730 because I was previously denied by a lender because of a discrepancy on one of my reports).

That's especially true, they say, for consumers who have thin files and would have otherwise been turned down by lenders because they didn't have enough experience with traditional loans, such as credit cards and auto loans.

This applicant may meet the minimum credit standards established by the GSEs or HUD, but may not be approved by the lender because the score falls below its credit quality criteria.

Many borrowers have been turned down by lenders because of property value and they do not realize that the FHA streamline does not require an appraisal so there really isn't much of a Loan to Value issue, because borrowers are stating their home values to some degree.

The same is through with open collection accounts, however they are considered more threatening by the lenders because they often get unpaid during the extension period.

If the lender suffers any loss resulting from a sale of the property by the lender because of the default, the lender can make a claim for such loss to the mortgage insurer.

A foreclosure property is a home that has been repossessed by the lender because the owners failed to pay the mortgage.

Not exact matches

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.

By April 2010, unnamed insiders disclosed to the media that the company was facing bankruptcy because it «has been unsuccessfully negotiating with some lenders to refinance its crippling debt.»

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.

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

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.

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).

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.

The state - by - state skirmishes are crucial, because high - cost lenders operate primarily under state law.

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 poses a real problem for Greece, because its lenders are expecting it to grow by 3.5 % annually, to enable it to pay back on its bailout loan.

Because Kiva is a peer - to - peer lender, you'll need to pitch your business to get investors to lend to you, and the loan amount is determined by the stage of your business (idea, operational, etc.).

This is the preferred loan by lenders and small business owners alike because it can be used for almost any business purpose; starting a business, purchasing a business or as expansion capital.

That's because lenders take on more risk by giving those kinds of borrowers access to financing.

Because insurance agencies are considered «high - risk» by traditional lenders.

Mortgage insurance (MI) is almost always required by lenders when the down payment is less than 20 % because a loan with a low down payment is riskier and the insurance protects the lender if the home buyer defaults.

Because unhealthy borrowers are already selected for material covenant violations by lenders both with and without short - termism incentives, only relatively healthy borrowers are left to be targeted by incremental attention.

Because student loans are not wiped out by declaring bankruptcy, these programs exist as a way for lenders to recoup their losses.

Because of this point, consumers are granted — by the credit bureaus — the right to shop for a mortgage with an unlimited number of lenders without fears of «multiple credit dings».

Godfreys said on Monday it would likely «need to rely on the waiver granted by the lender» on that particular covenant because it was headed for a technical breach.

Because credit unions don't lend to make a profit, the interest rates tend to be lower, the fees are usually fewer, there are no origination fees, and the repayment terms tend to be more flexible than the terms offered by traditional lenders.

Unsecured loans are not secured by collateral like your home, or vehicles etc. interest rates or these are usually higher because of the unreliability and thus lenders are reluctant when giving these loans.

He said the guidelines had been developed because of concerns over free e-book lending offered by some libraries to lenders «wherever you are» in breach of publisher contracts.

Because credit unions don't lend to make a profit, the interest rates tend to be lower, the fees are usually fewer, there are no origination fees, and the repayment terms tend to be more flexible than the terms offered by traditional lenders.

Because private student loans are not guaranteed by the government, private loan lenders take on more risk, so they typically look for candidates with good credit.

Because of this point, consumers are granted — by the credit bureaus — the right to shop for a mortgage with an unlimited number of lenders without fears of «multiple credit dings».

Installment debt is much less risky for lenders to extend because the debt is generally secured by some sort of collateral (aka your house or your vehicle) which the lender can seize and resell in the event you stop making your payments.

You shouldn't be blindsided by the amount of the closing costs, because within three days of receiving your loan application the lender must provide you with a three - page «loan estimate» that lays out the various fees.

Q: I was turned down by my mortgage lender when I applied to refinance a couple years ago because they didn't like my credit score, even though it was higher at that point than it was ten years earlier when I first got the mortgage.

A higher credit score is favored by lenders, because it suggests that a borrower is less likely to default on the mortgage.

Rates can vary by state because of the perceived risks and returns that lenders expect from the mortgages in those markets.

Because LendEdu doesn't charge its users money, they need to make money some other way, and they do so by connecting prospective borrowers (i.e., you) with prospective lenders.

When dealing with an honest lender, you are assured of fair treatment because of pricing transparency, you get access to wholesale interest rates posted by lenders, you get the benefit of the lender's expertise and contacts in shopping multiple lenders for the best deal.

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.

A mortgage - seeker who has a credit report like the one described above would ordinarily have been turned down by lenders, because the potential borrower's credit history shows that this person has a tendency of being delinquent in paying his bills.

Forbearance: A temporary postponement granted by the lender when borrower can not make payments because of financial hardship.

You will owe more money to the new lender, but by eliminating other more expensive debt with the extra cash you just received, you are actually saving thousands of dollars too because you will have to pay lesser interests on your overall debt.

Most lenders do not want to lend the money without a security pledge because they are taking a risk by lending to someone with bad credit, and they want to make sure they get repaid.

If the first lender you choose is going to overcharge you by $ 5,000, or even $ 10,000, you would never know because you have nothing to compare the fees and interest rate to.»

This is because some lenders tack additional guidelines onto those that are required by law, making it more difficult to qualify.

Because the homeowner loans is almost always a secured loan backed up by collateral, the terms of the loan are very favorable because the lender is assuming very little risk when they loan youBecause the homeowner loans is almost always a secured loan backed up by collateral, the terms of the loan are very favorable because the lender is assuming very little risk when they loan youbecause the lender is assuming very little risk when they loan you money.