Sentences with phrase «certain loan amount»

A shorter term is available for certain loan amounts, and it must be noted that APR is affected by total loan amount as well.

This letter will state that you are already approved for a certain loan amount based on your income and your credit history.

But when I call the lender and asked them about it, they said the mortgage insurance would continue until I reach a certain loan amount.

If you go online, you can find free loan payment calculators that let you determine how much you will spend on a loan at a certain loan amount, at a certain interest rate, over a certain repayment period.

Often the lender will give a certain loan amount based on what kind of a salary they believe the applicant will have in the near future.

But when I call the lender and asked them about it, they said the mortgage insurance would continue until I reach a certain loan amount.

If everything checks out, the lender will issue you a written commitment for financing up to a certain loan amount that's good for up to 90 to 120 days.

Mortgage pre-approval is assurance from a lender to provide you with financing to buy a home up to a certain loan amount.

Mortgage pre-approval is a commitment from a lender to provide you with home financing up to a certain loan amount — basically, the stamp of approval that you have the money, credit history, and other credentials to buy a home up to that price.

If they run the numbers for a certain loan amount, and your back - end ratio ends up being 50 percent or higher, you might have trouble getting approved.

Your lender will check your documents to pre-approve you for a certain loan amount.

However, the buyer, who genuinely wanted the property, was qualified for a certain loan amount and couldn't afford to pay any more for the home.

Lenders will then issue a letter of preapproval, which is a written commitment for financing up to a certain loan amount.

Conforming Loan — a loan that meets Fannie Mae and Freddie Mac guidelines, which also falls under a certain loan amount.

Pre-approval means your lender has looked in detail at your finances and certified that you would qualify for a certain loan amount.

I talked to one bank and was given the understanding that the process isn't like home buying where you get pre-approved for a certain loan amount and then go shopping.

Your lender will check your documents to pre-approve you for a certain loan amount.