Sentences with phrase «good borrower»

He provides five major reasons why good borrowers with plenty of cash - flow, net worth and collateral have a tough time finding bank loans.

In fact, there are at least five major reasons why good borrowers with plenty of cash - flow, net worth and collateral have a tough time finding bank loans.

Some creditors may remove a single late payment as a courtesy for an otherwise good borrower.

With record defaults pushing banks to the brink of collapse, lenders were only giving new loans to the very best borrowers with the very best credit scores.

These factors could make men look like better borrowers.

Lenders will work closely with good borrowers who are having a period of real emergency and hardship, but are not inclined to cooperate with those who demonstrate little financial discipline.

I knew the basics — federal loans are usually a cheaper and safer option than private ones since they tend to have lower interest rates and better borrower protections.

Your credit history is a measure of how good a borrower you are.

Lenders are finding it more and more difficult to find good borrowers.

Going forward, Galante said it's more important to do things to get lenders outside the current credit box, so that borrowers with a 660 credit score, though not pristine, are seen as good borrowers.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.

When managing overlays, more insight into the borrower's credit history can help lenders safely extend more mortgage credit to more good borrowers.

Lower fees helped FHA to retain better borrowers from refinancing to private mortgage insurers who had re-entered the market, but more importantly, it helped to improve affordability allowing many previously sidelined borrowers to qualify for a home purchase.

It creates better borrower profiles, says Gary Harman, Byrider's chief risk officer who wanted to «mitigate risk and increase financial inclusivity for our buyers who happen to be subprime or deep - subprime borrowers.»

However, some of the issues we've described here can be mitigated or even avoided altogether with better borrower knowledge.

Homebuyer education programs help build better borrowers by preparing them for the homebuying process.

However, most lenders have no incentive to foreclose on historically good borrowers with good credit and will often work with a home owner to arrive at an equitable solution.

And as investors we want good borrowers.

«For us, we look first and foremost at how good our borrower and sponsorship is,» says Bassin.

Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan, meaning many potentially good borrowers could struggle to access the capital they need because their business doesn't have the needed collateral to secure a loan.

The practice was justified because it allowed otherwise good borrowers with an imperfect credit history to receive home loan financing, which in theory is said to spur the economy and increase consumer spending and employment rates.

As you might expect, when it comes to deciding whether you'll be a good borrower in the future, your credit score heavily weighs the payments you've made in the past.

StreamLoan's digital mortgage platform gives lenders the power to increase revenue, close more loans, and deliver the best borrower experience while reducing cost.

Funding Circle sits at the top of our list as one of the only online lenders as a lender that has consistently improved their loan offerings by lowering costs for the best borrowers and expanding what they can offer.

And as that credit continues to improve a bank or lender will continue to see you as an even «better borrower» than you were before.

And we only approve your application if we're sure you're a good borrower.

Instead of prepaying down a fixed 2.5 % rate, when the best a borrower can now get post election is 3.25 % for the same loan, save the difference.

When you're short on tradelines, it can be hard for the credit bureaus to assign to you a credit score; and hard for lenders to know whether you're a good borrower.

From my experience, those with decent credit profiles get lower rates at Prosper than they would at Lending Club because lenders bid down the rates of the good borrowers quite a bit.

Ty: The thing I like about this is you're actually doing something to make borrowers a better borrower.

When you're short on tradelines, it can be hard for the credit bureaus to assign to you a credit score; and hard for lenders to know whether you're a good borrower.

Whatever reason you had for filing bankruptcy, you now have an opportunity to rebuild your financial picture and become a better borrower.

Because you have bad credit, you will usually not qualify for more than $ 5,000 with a lender until you have established yourself as a good borrower with them.

Your character, checking or savings account activity, your employment status, even your grades in school may all convince a credit union you'll be a good borrower.

A low score means you're not a good borrower.

If the submitted income figures from the mortgage application match - up with the income submitted by the mortgage applicant to the Internal Revenue Service match then the lender knows they are dealing with good borrower and the loan is not fraudulent.

Reason 3 (my reason): enough debt had been paid down or written off, and loans could be made to good borrowers, but only enough that financial sector would grow slowly (not faster than GDP).

The best way to look at the higher interest rate is that your new bad credit personal loan will give you the chance to prove to a new lender that you are ready to make a new start by being a good borrower.

Well, some good borrowers may decide to try P2P lending because of the convenience.

In general, the higher the credit score the better the borrower's potential.

Generally, the better a borrower's credit score and the lower the debt - to - income ratio, the more likely a lender will allow a lower down payment.

For the most part, you seem to be avoiding the kind of thinking that got us into the current mess, since a lot of these tips are about using your status as a good borrower to get lower interest, rather than to borrow more money.

The only way these institutions can learn about your credit habits is through your credit score which serves as an indicator of whether you are a good borrower or not.