Sentences with phrase «faster than borrowers»

Nevertheless, banks continue to make new construction loans faster than borrowers pay off old ones as they finish projects under development.

With high - interest rates, balances often grow faster than a borrower can keep up with.

Not exact matches

In other words, the delinquency percentage is down not because we have fewer borrowers making late payments or no payments but because the universe of loans is growing faster than the number of delinquent borrowers.

FreedomPlus personal loans can be a good option for borrowers looking for fast answers and anyone with less than perfect credit.

Borrowers who owe more on their house than the house is worth will be able to reduce the balance owed much faster if they take advantage of today's low interest rates by shortening the term of their mortgage.

Even so, there is faster approval for military members and a lower default rate than amongst civilian borrowers.

But for cohorts who entered repayment in the 2010s, a new pattern has emerged: the typical large - balance borrowers are falling behind on their loans with interest accumulating faster than they are making payments.

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

Our free personalized tool connects student loan borrowers to the right repayment plan in less than 60 seconds and lays out their next steps to get out of debt faster.

But more than just shear market size and rapid growth, borrowers are going delinquent on student loans at a far faster rate than other loan types.

The Consumer Financial Protection Bureau says while there are more young borrowers than older ones, those over the age of 60 make up the fastest growing segment of student loan borrowers, and that the number of older borrowers with this type of debt has quadrupled over the last decade.

You may be happy to lend your credit score, but you would rather not watch your credit score tank faster than the stock market did in 2008 if the borrower decides to skip a few payments.

The 15 year fixed rate mortgage is a very popular choice for borrowers who want to build equity faster as the interest rates are lower than the 30 year fixed rate mortgage and the principal payments are higher due to the shorter term.

With roughly 44 million Americans in student loan debt — and more than 11 percent of those loans currently in default — most borrowers would love any help to pay down that debt faster.

We stream line the process so borrowers get through the process faster than any traditional bank or loan store.

Perhaps most importantly, the reverse mortgage loan balance may increase faster than the home's value rises, which could erode the remaining home equity while the borrowers remain in the home, leaving little or nothing for the borrowers or their heirs.

With an FHA loan, borrowers can benefit from lower down payments and easier qualifying, which can enable them to get into a home faster than a conventional loan will.

The VA program has held fast to their single rule that the borrower's current debt, plus proposed mortgage, may not be higher than 41 % of the person's monthly gross income.