Sentences with phrase «default as a major factor»

Not exact matches

This requirement factors into your eligibility when applying for a home loan because it aids in assessing the probability that you will be able to pay back the loan amount.The Department of Veteran Affairs residual income minimum requirement is generally attributed as large factor in why VA mortgages default at lower rates than all other major lending options.

Bad credit, on the other hand, means that you have an established history of credit usage, but through a series of financial mistakes, such as errant or delinquent repayment activity, defaulted loans or other factors, your credit score's taken a major hit.