Sentences with phrase «higher maximum borrowing»
A borrower's maximum borrowing amount also tends to be influenced by whether the lender requires a credit check, with those requiring credit checks often having higher maximum borrowing amounts.
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StreetShares, however, has a maximum borrowing limit of $ 100,000, a higher APR and shorter repayment terms than SmartBiz.
But the maximum VA loan size in Californian that you can actually borrow might exceed this limit, as long as your income supports the higher amount.
Adair Turner, former chief regulator of the British banks, argues that we need to reign in the growth of unproductive private debt by imposing tighter controls on banks through much higher capital requirements and by imposing limits on borrowing, such as maximum loan to value mortgage rules.
If higher loan limits drive up tuition, schools with high shares of students already borrowing at the maximum should have seen larger tuition increases.
It's a concept borrowed from the higher - spec prototype racers that make up the upper echelons of sports car racing, and when restrictions are as tight as they are (the 500 - hp maximum allowed by both the World Endurance Championship and Weather Tech World Series, for example) you're looking for anything to gain an edge.
For the government - insured Home Equity Conversion Mortgage (HECM), the maximum reverse mortgage limit you can borrow against is $ 679,650 (Updated January 1, 2018), even if your home is appraised at a higher value than that.
Looking ahead, when mortgage rates eventually do rise, the maximum amortization threshold can be increased back to 30 years to help cushion the impact of higher borrowing costs.
For the government - insured Home Equity Conversion Mortgage (HECM), the maximum reverse mortgage limit you can borrow against is $ 679,650 (Updated January 1, 2018), even if your home is appraised at a higher value than that.
-- The vast majority of people who took out their first mortgage last year borrowed less than they could afford to, as their Gross Debt Service (GDS) ratios are far below allowed maximums, even at the higher interest rates that are used to qualifying them for their mortgage.