Sentences with phrase «lender payment capacity»

This shows the lender payment capacity and a correct financial conduct and thus boosts the applicant's chances of approval.

Not exact matches

Lenders will approve consumers who show the capacity to make payments on time.

Each lender has different standards for an applicant's capacity, but generally lenders want to see that a loan applicant is handling his / her monthly finances well and would be able to the handle the monthly payments that would come with a car loan.

Nevertheless, a down payment may be required by certain lenders depending on your credit and repayment capacity.

Capacity to Repay Among other things, lenders consider your capability to afford the payments associated with your loan when determining if you qualify for the loan.

After all, it only makes sense for lenders to verify a borrower's payment capacity.

Here's the bottom line: If you have the financial capacity to get caught up on your mortgage payments, you should contact your lender and let them know.

However, some Lenders have the capacity and the muscle to service some of their own loans — in other words, take payments from their customers for some time.