Sentences with phrase «faster than other lenders»

Not exact matches

This is faster than typical processing times at a bank, but slower than at other online lenders.

We typically can complete reverse mortgages in three to four weeks which is considerably faster than any other reverse mortgage lender.

Funding Circle can fund your loan within 10 days, and while this is faster than a bank, it may be slower compared to other alternative lenders that can fund a loan in less than one business day.

Private money sources allow for more flexible and faster funding options than traditional means of capital such as banks, credit unions and other institutional lenders.

• 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.

As the actual lender, we can streamline the process, and close faster than most banks and other lenders.

Some lenders will place the loan into your bank account in no more than an our after the decision was taken, others may take up to 24hs to deposit the money, which is still pretty fast.

This faster repayment of principal and the reduced term make GEMs more attractive to investors and lenders than other fixed - rate investments.

This process was significantly faster than it was with most of the other lenders we researched, which took anywhere from three to five days to approve loans, and five to seven days to provide the funding.

Since our lenders use other criteria such as income and identity verification rather than extensive credit checks, it allows for them to get each applicant through the process much faster.

A few things about SnapCap stand out to us: higher loan amounts, faster funding and fewer eligibility requirements than other alternative lenders.

JVM consistently closes purchase transactions faster than any other mortgage lender.