Sentences with phrase «creditworthiness as a borrower»

To qualify for these loans, you'll also need to prove your creditworthiness as a borrower and the financial health of your business.

Qualifying mainly depends on your creditworthiness as a borrower and the viability of your business, not your business's balance sheets or collateral; however, each lender will have slightly different requirements (i.e., minimum credit score of 650 vs. a minimum credit score of 575).

Credit scores typically range between 300 and 850, with higher scores signifying better creditworthiness as a borrower.

Not exact matches

Virtually all lenders judge a borrower's creditworthiness using some version of a system known as the «5 Cs of credit.»

The DOT will require the borrower to provide copies of the bond or loan documents, as applicable, and other agreements material to the flow of funds or to the DOT's security for its review of the project's creditworthiness.

PMI rates are based on the loan - to - value ratio as well as the creditworthiness of the borrowers, but even if you have good credit and have paid all your mortgage payments on time, low equity is still considered an increased risk on the loan.

As part of this effort, FHA will also direct its approved mortgage lenders that loan approval «must be based on the creditworthiness of borrowers and not on unrelated factors or characteristics, such as sexual orientation or gender identity,» HUD saiAs part of this effort, FHA will also direct its approved mortgage lenders that loan approval «must be based on the creditworthiness of borrowers and not on unrelated factors or characteristics, such as sexual orientation or gender identity,» HUD saias sexual orientation or gender identity,» HUD said.

Ontime payments are the main indicator of your creditworthiness, while late or missed payments show you as a risky borrower.

These norms, focused on evaluating borrower risk on past credit history and credit score, do not work as an accurate gauge for international students and their creditworthiness.

Lenders will look at these credit scores to determine a consumer's overall creditworthiness and trustworthiness as a borrower.

The factors that will have the greatest impact on interest rates will be the borrower's credit score and credit history, which will often be referred to together simply as «creditworthiness.»

There's a broad range presented for the regular purchase APR, because they will charge a different amount of interest for different borrowers (largely based on the person's «creditworthiness,» as measured by the credit score).

Traditionally, market participants have used credit ratings to assess the creditworthiness of the borrower and as consistent standards so they could make comparisons across geographies and sectors.

«It provides insight into each borrower's use of credit and provides a more complete picture of their eligibility for mortgage loans as well as the risks inherent in their creditworthiness,» said Timothy Mayopoulos, Fannie's president and chief executive, in a recent interview.

A FICO score is a specific type of credit score administered by the Fair Issac Corporation that considers the same factors as many of the major credit bureaus, in addition to a potential borrower's credit report to arrive at a numerical evaluation of their «creditworthiness» or likelihood they they'll be a low - risk borrower for the lender to take on.

As corporate fundamentals usually also improve, this provides a boost to company profits and improves the creditworthiness of borrowers, supporting their corporate bonds.

The price may also reflect factors such as the type of loan, the «lock - in» period, and the creditworthiness of the borrower.

While this seems like a reason not to invest in a student's education, the average student still benefits economically from investing in education, but using only creditworthiness as criteria for loan qualification leaves out a large pool of candidates (from low - income origins) despite an average positive return from investing on a degree A targeted approach known as «forward - looking underwriting» determines a borrower's qualifications based on more factors than just credit history (considered backward looking).

According to Carmichael, Lending Club borrowers are «better credit risks if they write in complete sentences,» claiming that such a detail could serve as an indicator of education level and, by extension, creditworthiness.

Countrywide seemed to purposely ignore the creditworthiness of borrowers as they jammed it out the door lent on mortgages.

This element of the evaluation process is in the best interests of the borrower, as it helps to prevent establishing an obligation that could have a negative impact on overall creditworthiness.

When you register as a borrower, we will use this information to pull a credit report from a credit bureau to determine your creditworthiness as well as to help investors assess your loan request in the context of your overall financial situation.

Each lender has its own guidelines for gauging the creditworthiness of borrowers based on these general credit score ranges, but the type of mortgage used to finance a home purchase may play a role as well.

The amount they sell for is based on the principal balance, the number of payments that have been made (referred to as «seasoning»), the number of remaining payments, the home's (or other asset) appraised value and the borrower's creditworthiness.»

The price may also reflect factors such as the type of loan, the «lock - in» period, and the creditworthiness of the borrower.