This would make
a lender leery of giving you a loan or mortgage because the question is would you be able to make the loan or mortgage payments if you owed the full amount on all of your credit cards?
Nonetheless, it will make
lenders leery... but not forever.
Not exact matches
«
Lenders and the auto industry were a little
leery when alternative - credit data was introduced a few years ago,» he tells WardsAuto.
The reason
lenders are
leery of unusual homes is that the market for them is limited, and they can be difficult to unload should a foreclosure sale be necessary.
Lenders and creditors are leery about issuing loans or lines of credit to people who are frequently making inquiries to other lenders and cre
Lenders and creditors are
leery about issuing loans or lines of credit to people who are frequently making inquiries to other
lenders and cre
lenders and creditors.
As mentioned above, if you have too much debt, have poor credit, or your debt - to - income ratio is too high, most
lenders will consider you too great a risk and be
leery of taking a chance on you repaying the loan.
In fact,
lenders are
leery of becoming involved with directing building operations, which might open them up to liability.
After what the market has gone through,
lenders are
leery.
Sellers are
leery of accepting offers when financing is not a sure thing, and no
lender offers more comfort to sellers than JVM.
Many
lenders remain
leery of reverse mortgages.