Sentences with phrase «certain types of lenders»

Studies of certain types of lenders show that for cosigned loans that go into default, as many as three out of four cosigners are asked to repay the loan.

Federal and state laws cover certain types of lenders and loans, including short - term loans.

Online score: Hundreds of online companies offer credit scores to consumers, but while the data comes from the same three credit reporting agencies, it often applies general criteria not designed for any specific use and therefore isn't a good source to determine how a certain type of lender may view you.

Not exact matches

Emerging alternative lenders, including online lenders, may make funding more accessible to certain types of new businesses.

Additionally, certain lenders only offer loans to those who have graduated or have completed a specific type of degree.

In general, FICO scores range from 300 to 850, but certain scores designed for specific types of lenders — such as auto lenders and mortgage lenders — have a range of 250 to 900.

If the government - controlled juggernauts Fannie and Freddie do not purchase a certain type of loan, lenders are less likely to offer it.

Below, we compare two popular online lenders, BlueVine and OnDeck, and evaluate which lender is right for certain types of businesses and in specific situations.

Lenders may also exclude some makes of cars, certain models and types of vehicles, such as electric cars.

Homeowners should check their loan statements with their lenders to know for certain exactly which type of loan they currently hold.

Credit card issuers, lenders and other financial institutions use a variety of different types of credit scores / credit scoring models and other criteria when making a decision about extending credit and the terms of the offer, so having a credit score in a certain range is not a guarantee for approval.

Your lender may grant you a forbearance if you are willing but unable to make loan payments due to certain types of financial hardships.

If the government - controlled juggernauts Fannie and Freddie do not purchase a certain type of loan, lenders are less likely to offer it.

Once a lender has labeled you as a credit risk, it can be hard — if not impossible — to qualify for certain types of loans or credit card offers.

If a debt is barred under statute, it means that by law (the Limitation Act 1980), the lender has run out of time to use certain types of action to try and make you pay the debt.

Additionally, there are home loan lenders that specialize in certain types of loans, such as FHA loans and VA loans, or home loans for those with bad credit.

Beyond that, per the VA Lender's Handbook «Cash to the veteran from loan proceeds is permissible only for certain types of refinancing loans and under very limited circumstances...» For other types of refinancing loans and all acquisition / purchase loans, cash - out is not permissible.

Additionally, many lenders do not permit the purchase of modular homes in certain states, so borrowers should verify they live in a state in which this type of purchase is permitted.

Experian also provides industry - specific credit scores to lenders in certain types of businesses.

Some, such as the FICO Auto score, help lenders to determine borrower eligibility for certain types of loans.

This page discusses the extent to which education lenders can discriminate against certain types of eligible borrowers in the origination of federal education loans.

What confounds matters even further is that what makes for a good credit score when applying for certain types of loans or accounts may not be the same for others, since many lenders have their own perceptions of what constitutes good credit.

Your lender may have certain requirements though and you need to make sure that you are getting the type of policy that they require.

It's a good idea to speak with your lender, as a mortgage company might also require you to carry a certain amount and type of flood coverage if you live in a flood plain.

If you take out a mortgage loan to make a purchase, your lender may require you to carry certain types of insurance on your mobile or manufactured home.

On February 7, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury released a final rule that subjects nonbank residential mortgage lenders and originators to certain anti-money laundering (AML) regulations already applicable to other types of financial institutions.

As a result, construction loans are often smaller compared to the cost of development, and lenders have become more cautious when they consider loans on certain types of projects.

Loans for these types of residential properties can be financed by a hard money lender under certain circumstances; however, regulatory agencies specify that hard money and private capital lenders can not underwrite or finance loans against a residential property if the majority of the funds will be used for «personal, family, or household purposes» rather than business purposes.

While most people believe that the FHA lends money directly to borrowers, it's actually just insures a certain type of loan that's financed by traditional banks and mortgage lenders.

Choose a lender who gathers enough information from you before she suggests a certain type of loan.

First, VA and FHA loans prohibit buyers from paying certain types of fees that are often charged by lenders, escrow companies, settlement agents, and title companies.

While most people believe that the FHA lends money directly to borrowers, it's actually just insures a certain type of loan that is financed by traditional banks and mortgage lenders.

If the government - controlled juggernauts Fannie and Freddie do not purchase a certain type of loan, lenders are less likely to offer it.