Sentences with phrase «eyes of lenders»

Adding a cosigner to your application can be another way to reduce risk in the eyes of the lender.

In the eyes of lenders, credit scores fall into several buckets, which indicate how risky it may be to extend credit to an individual.

(2) pay down whatever you can towards your existing mortgages to get them lower and perhaps more manageable (at least in the eyes of lenders).

As you can easily see, if your reports show that you are revolving balances on your credit cards from month to month, especially high balances when compared with your credit limits, it might make you appear to be a higher credit risk in the eyes of a lender.

A lower down payment makes you a bigger risk in the eyes of the lender.

In the eyes of lenders, credit scores fall into several buckets, which indicate how risky it may be to extend credit to an individual.

She goes on to say that moving in just temporarily «could constitute this mortgage transaction as fraudulent» in the eyes of your lender and insurer.

And in the eyes of lenders, the new credit obligation increases your risk of possible default.

So, even though your friend has 150 % more credit card debt than you do, that person might look better in the eyes of lenders (and the credit scoring model).

I believe you understand that your credit score determines your creditworthiness in the eyes of lenders and insurance companies.

If during the course of your car loan, you improve your credit worthiness in the eyes of lenders (they sometimes evaluate you according to the Four C's of Credit), then you usually can get a new loan on your car with a lower interest rate, and when you lower your interest rate you may reduce the total interest charges you pay on your car loan — assuming your car loan term is not extended or not extended by too many months.

In the eyes of the lender, a married couple are viewed as one entity, and viewed as less risky.

If your card is past due or over-limit and the card company has decided to withhold issuing a new card until the situation has been corrected, the card might not be considered officially closed in the eyes of the lender or reported to the credit bureaus as such, but the various fees will go on as always.

An often - overlooked way to establish and build credit is long - term employment, which offers several benefits that can make you a more attractive candidate in the eyes of a lender.

However, keep in mind that the cosigner has to be perfect in the eyes of the lender, if he or she is to be accepted as part of the homeowner loan application.

Higher credit scores (620 -850) indicate less lending risk, and low credit scores (below 620) indicate the possibility of default in the eyes of the lender.

Missing one payment and missing several payments are two different issues in the eyes of lenders, and are treated differently as well.

A diverse credit profile often reduces risk in the eyes of lenders.

There are very good reasons why this is the case, not least the fact that those employed by the US government (like the armed forces) are different in the eyes of lenders.

An added bonus is that those reserves will make you look really strong in the eyes of lenders.

The better your score, the less of a risk you are in the eyes of lenders, and the easier it will be for you to secure credit at lower interest rates.

FICO and VantageScore are the most popular consumer credit scores, but there are a number of other companies that provide their own scores that'll give you a good idea of how your appear in the eyes of lenders.

[6][7][8] Falling housing prices have led to borrowers possessing reduced equity, which is perceived as an increased risk of foreclosure in the eyes of lenders.

For example, if you have a credit limit of $ 1,000 and have used up $ 500 of it, that means your utilization is 50 percent, which is considered high in the eyes of lenders.

The lower the ratio the better of a credit risk the borrower is in the eyes of the lender.

Especially when combined with a lower credit score, that higher debt amount makes the borrower more of a risk in the eyes of the lender.

If you have a high front - end and back - end debt - to - income ratio, this means that in the eyes of the lender you can not afford to feed yourself, pay your mortgage, and cover your other bills.

That's the period of time where you've got, and you haven't done it already, do the most to rebuild your credit worthiness in the eyes of the lenders.

Your credit score is a numerical representation of your financial trustworthiness in the eyes of lenders.

(2) pay down whatever you can towards your existing mortgages to get them lower and perhaps more manageable (at least in the eyes of lenders).

Not having a credit card and not having much else for that matter makes you an unknown and an unknown is a risk in the eyes of lenders.

With mortgage interest rates setting record lows since last fall, the number of people seeking credit counseling to improve themselves in the eyes of lenders has grown.

The Capital One Secured MasterCard is an example of this: If you take out this card, you can steadily build your creditworthiness in the eyes of lenders.

The Different Types of Credit you Hold: Your ability to repay a variety of debts demonstrates that you can handle different types of credit and makes you less of a risk in the eyes of a lender.

Keeping the same credit card for several years with consistent payments gives you credibility in the eyes of the lender.

Bankruptcy is bad, but foreclosure is worse, at least in the eyes of a lender.

In the eyes of a lender, the larger your down payment on a home, the less risky you seem as a borrower.

Of course, having no credit history, in the eyes of some lenders, is pretty much the same as having a bad credit history.

There are many ways to increase credit scores to make you look more creditworthy in the eyes of lenders.

Consumers who seek or obtain a lot of credit often represent a greater risk in the eyes of lenders.

A cosigner is necessary when the borrower does not have a reliable source of income, lacks a healthy credit score (or credit history at all), or simply appears to be a risk in the eyes of the lender.

In the eyes of the lender, this means a lower risk.

The Borrowing Power tool tells you where you stand in the eyes of a lender and suggests where you will be after specific positive credit actions.

The better standing you keep your open accounts, the better your credit will look in the eyes of a lender.

It depends on (A) how well qualified you are in the eyes of the lender, and (B) how much money you bring to the table at closing.