Sentences with phrase «good candidate for a loan»

If a lender prequalifies you for a loan, it is telling you that you appear to be good candidate for a loan based on some basic information it has on you or that you supplied to it, such as your debts, income, or credit score.

«If you have a $ 200,000 mortgage on a house worth $ 250,000, and you have $ 200,000 in student loans, the bank may not see you as a good candidate for a loan,» Hoeksema says.

Before entering the real estate market, it would be wise to speak to a mortgage lender to see if you're a good candidate for a loan (and to find out how much you can borrow).

We'll review your financial situation to see if you're a good candidate for a loan, and provide you with a rate quote as well.

If you are a freelancer, or you have irregular sources of income, it will be harder to prove that you are a good candidate for some loans.

But, there are some things you can do to make yourself a better candidate for a loan.

If a lender prequalifies you for a loan, it is telling that you appear to be a good candidate for a loan based on limited information it has on you or that you supply it.

SoFi looks at your financial history, career experience, and monthly income versus expenses to decide if you're a good candidate for a loan.

Potential borrowers whose credit history is marred by slow payments, poor financial judgment and delinquent accounts is not a good candidate for loan approval.

So if you have an excellent credit profile and low debt to income ratio, you could be a good candidate for a loan.

If you have a history of paying all your bills on time and you're not carrying a huge amount of debt, you'll likely be a good candidate for a loan.

In the absence of such information, lenders will not be able to fully evaluate someone who could be a good candidate for a loan.

They do this to determine whether or not you're a good candidate for a loan.

In other words, they simply don't demonstrate why they, rather than someone else, are a good candidate for a loan.

If those parts of your life are solid, they see you as a good candidate for a loan.