Sentences with phrase «home loan application because»

In fact, a couple with no debt, a decent down payment, and a $ 100k income, could potentially be declined for a modest home loan application because their credit history is too thin.

«A friend referred us referred us to Nationwide after several banks rejected our home loan applications because our fico score was too low.

Not exact matches

And finalizing your Home Loan application will probably take less time because much of your information is already in place.

The reason for such help is not because some home buyers didn't lie on their loan applications, or because some lenders didn't look the other way when borrowers were patently unqualified for big loans, or that banks and brokers on Wall Street were not obligated to check the value of securities and properly report them, rather it was a matter of self - interest — fewer foreclosures mean less downward pressure on local home values, including the value of your home and mine.

These small, loans are easy to apply for because potential borrowers only need to meet a few eligibility requirements and don't have to offer any collateral or present a credit score, and the application process can be completed without ever leaving home.

Because a consolidation loan involves taking out one new loan to pay off your current loans, your new consolidation loan may be secured against your home or other assets, so you may have to pay application fees, legal fees, valuation and stamp duty.

A survey by the Federal Reserve said that 23.4 % of rejected loan applications happen because home buyers failed the debt - to - income ratio test.

When Jin applied for a home loan two years later, his application was rejected because of the old default listing from his bank on his now repaid personal loan.

When Jin applied for a home loan 2 years later, his application was rejected because of the old default listing on his personal loan.