Sentences with phrase «higher than lenders»

And that's a lot higher than lenders and credit score models like to see.

At times you may find the loans we offer to be slightly higher than the lenders in the market.

Lower interest rates and faster approval times are available to people who have excellent credit scores or at least a score higher than the lenders» standards.

However, if the appraised value of the home is more than a few percentage points higher than the lender's expectation for what that value should be, the lender may ask to commission a second, verifying appraisal.

However, if the appraised value of the home is more than a few percentage points higher than the lender's expectation for what that value should be, the lender may ask to commission a second, verifying appraisal.

Not exact matches

Alternative lenders tend to charge much higher interest rates than banks do — sometimes on the order of 50 percent annual percentage rates or more.

This method can provide borrowers with access to capital they may not have received through more traditional means, and higher returns on investment for lenders than they would get from a savings account.

On the downside, these lenders may have higher interest rates and more onerous repayment terms than traditional financial institutions charge.

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

However, the lender also cautioned clients about the possibility of a sudden drop in the value of cryptocurrencies which «could expose them to substantially higher debt levels than they are able to repay.»

Because banks and other lenders shy away from borrowers with less than a 25 % down payment as higher - risk clients, mortgage insurance gives people with smaller down payments a better risk profile.

Web - based lenders can command higher interest rates than traditional banks, but the odds of securing funding are substantially higher.

Between 2013 and 2016, Detroit - based Quicken Loans closed more than $ 300 billion in home loan volume across all 50 states, and in 2016, for the seventh consecutive year, earned J.D. Power's highest rating for client satisfaction among all U.S. mortgage lenders.

«This raises the conversation to a higher plane and gives the lender permission to ask tougher questions than if someone was looking for money to tide them over.»

Malls tend to have higher loss rates than other property types after a default, increasing the stigma for lenders, according to Lea Overby, an analyst at Morningstar Credit Ratings LLC.

Commonwealth Bank of Australia, the country's No 2 lender by assets, on Monday said it raised A$ 2.1 billion ($ 1.55 billion) from institutional investors at A$ 78 a share, 9 percent higher than the offer price.

So if the lender sees you have a less - than - perfect credit history or otherwise deems you're a riskier bet, you'll likely pay a higher origination fee.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Some lenders were pushing the highest term loan amount they qualified for, even though it was more than they needed, nor did they feel comfortable committing to repay a six - figure loan.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

Many lenders have eased their requirements for auto loans, for example, says Roberts, though lending standards remain far higher than during the 2005 - 06 peak of the credit bubble.

Also, the SBA does not allow other fees to be assessed by the lender unless there are extreme circumstances, such as a higher - than - normal servicing required by the loan.

The SBA does not allow other fees to be assessed by the lender unless there are extreme circumstances, such as higher - than - normal servicing required by your loan.

While APRs start higher than at other lenders, Kabbage has no minimum credit score requirements to apply, so it can be a good source of funding for small business owners with poor to fair credit.

If you need to borrow more than $ 150,000 or want a long - term loan, your choice between the two lenders is clear — LendingClub is the only one of the two that offers loan amounts higher than $ 150,000 and terms longer than one year.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Before refinancing, check the lender's eligibility requirements, as some may be higher or lower than this standard.

While the rates offered by the company were much higher than those for other online lenders, customers are not required to provide collateral, and rates are still lower than what you would see for payday loans or no credit check loans.

Some lenders may even want it a little higher than that.

APRs are also lower than the other lenders in this section at 10 % to 36 % (though they may be higher if your credit score is very low).

At the same time, the company was creative in convincing lenders that the high returns from lending on the Lending Club platform more than offset the risks of the new marketplace lending model.

If you don't have great credit, the interest rate offered by the lender may end up being higher than the rate you are currently paying on your loan.

You can get funds within 24 - 48 hours after you are approved for a loan, and APRs range between 19.99 % and 49.99 %, which is comparable to rates offered by other online lenders (though this still may be higher than APRs offered by a bank or credit union).

While many lenders include such assumptions to display lower jumbo mortgage rates, the base jumbo rates are typically higher than conforming loan interest rates.

The interest rates are also generally higher than other lenders; that can be a problem if you're looking for a longer - term loan to give yourself more time.

Bank lenders in the Buckeye State also offer refinance loans, but we found that their rates are typically a dozen basis points higher than rates on the same products at direct lenders.

The differences in rate were minimal: most lenders kept their rates the same regardless of zip code, and rate increases for the largest markets went no higher than 0.08 percentage points.

Managers of big banks claim that they can't fund themselves with more equity and still lend as much as they do now because stock holders require a higher rate of return than lenders do.

While online lenders generally charge higher interest rates than banks, they have comparatively lax eligibility requirements and streamlined application processes.

For instance, the conventional 30 - year fixed rate of 4.10 % with 0.05 purchased points would otherwise be 4.15 % — 15 basis points higher than the standard rate at most US mortgage lenders today.

The consent, from more than 97 percent of senior secured bondholders, follows similar approval from senior banking lenders and from holders of its 1.3 billion euros of high - yield bonds issued via Lighthouse International Company SA, a unit of Seat PG.

These days, most lenders want to see a total debt - to - income ratio no higher than 43 %, though that number is not set in stone.

But lenders typically prefer to see a back - end DTI ratio no higher than 50 %.

The interest rate is higher than you can get with another personal lender.

While Upgrade doesn't make loans quite that high, you can still borrow up to $ 50,000, which is more than most other lenders with lower credit score thresholds allow.

They also point out that many lenders set their own score thresholds higher than Fannie's or Freddie's, levying «overlays» that increase costs to consumers.

Although it doesn't have the best reputation in comparison to smaller lenders, partially due to the high volume of loans and customers using the service, Wells Fargo originated more than $ 1 billion in mortgage loans in Utah, making it an option worth considering.

Some lenders could require a higher downpayment than Fannie Mae's standard second home minimum.

These insurance providers often require higher credit scores than the lenders themselves.

(A few years ago, those lenders were charging rates up to 400 basis points higher than traditional banks, which were focusing their lending on select top - tier clients.)