Sentences with phrase «credit worthiness of the borrower»

For the purpose of this article, we shall thereby limit ourselves to FICO credit score which is most widely used by lending institutions in assessing credit worthiness of borrowers.

The VA loan looks at the overall credit worthiness of the borrower in making a decision.

The market value of an investment in bonds will change according to the prevailing interest rate environment and the perceived credit worthiness of the borrower.

Actual rate is based on credit worthiness of borrower and loan - to - value; current rates vary from 4.25 % - 12.25 % APR..

The credit report provides a complete credit history and determines the credit worthiness of the borrower.

Fair Isaac Co., the publisher of the FICO credit score which is widely used by lenders to assess the credit worthiness of a borrower, is rolling out its new and improved credit score system, FICO Risk Score, Classic 08, or FICO 08.

Driven by the financial industries desire for an equitable method of comparing the credit worthiness of borrowers, Fair Isaac & Co developed a credit measurement tool in the 1950's called the FICO ® score.

Many individuals feel that these new personalized credit reports are overly invasive and may not be much more effective at determining the credit worthiness of the borrower.

Home equity lines of credit often have interest rates of between 5 % and 7 % depending on a length of time for the loan, if there is one, and the credit worthiness of the borrower.

Repayment terms for home equity lines of credit will be different depending on the amount borrowed and the credit worthiness of the borrower.

What the loan is used for and the credit worthiness of the borrower all come into play when determining repayment terms for a home equity line of credit.

I guess the credit worthiness of the borrower perhaps has an impact as well or is there anything else?

Mortgage companies are tasked with determining the credit worthiness of a borrower and the borrower's ability to repay a loan.

Hard money loans are backed by the value of the property, not by the credit worthiness of the borrower.

This is primarily because Hard Money Loans are not backed solely by the credit worthiness of the borrower but rather the value of the property itself.

Credit scores are used by lenders to measure the credit worthiness of borrowers.