Sentences with phrase «least risky borrowers»

As every lender knows, the current environment is one of sustained depressed levels of credit quality, and naturally increasing competition among lenders for the least risky borrowers.

Not exact matches

Lenders consider mortgages to be riskier if the borrower's down payment is smaller, with conventional loans requiring at least 20 % down to avoid the added monthly expense of private mortgage insurance.

Raising prices is the one thing least likely to help people with financial problems — and thus it is one way to keep risky borrowers out of the program, despite news releases to the contrary.

This is the fastest and least intrusive procedure for the borrower, but the riskiest for the lender.

To avoid paying PMI or being perceived as a risky borrower, only purchase a house you can afford, and aim to have at least 20 percent down before borrowing the rest.