Sentences with phrase «lender specific amounts»

Not exact matches

Traditional Lenders tend to have a long application process, require significant paperwork, do personal credit based evaluation, only lend large amounts, and require specific high - value collateral.

Lenders give you access to a specific amount of credit (say, $ 100,000), but you don't make payments or get charged interest until you tap into the funds.

Some of the factors that affect the timeline include the type of loan, the specific term you're requesting, the amount of required documentation and the time it takes to provide your lender with those documents.

The borrowing company or the government makes a promise to pay back the borrowed amount on a specific date and also pays a periodic interest to the lender in return for the use of funds.

Whether you're seeking a particular length of loan, the lowest possible interest rate, or have budgeted for a particular payment amount, we can - in cooperation with our lender network - almost always meet your specific needs.

What we like about Best Egg is that the lender is very clear on what it takes to qualify for specific APRs and loan amounts.

The loan fees and interest rates are determined solely by the Participating Lender, with specific amounts determined based upon the information you submitted.

With Modified Tenure plans, lender will set aside a specific amount of money for a line of credit.

Pre-Approval Letter — A letter from a mortgage lender indicating that you qualify for a mortgage of a specific amount.

Traditional Lenders tend to have a long application process, require significant paperwork, do personal credit based evaluation, only lend large amounts, and require specific high - value collateral.

Online Lenders tend to have a quick application process, request limited paperwork, evaluate your creditworthiness based on the health of your business, lend smaller amounts, and do not require specific high - value collateral.

Some lenders may even allow you to request a specific amount, so you won't accrue unnecessary debt or get charge for any additional interest.

A pre-approval letter is the real deal, a statement from a lender that you qualify for a specific mortgage amount based on an underwriter's review of all of your financial information: credit report, pay stubs, bank statement, salary, assets, and obligations.

This means the mortgage lender has actually checked your credit, verified your documentation, and approved a specific loan amount.

Therefore, the subprime lender will pre-qualify you for a specific amount, repayment term, and interest rate combination that keeps your DTI ratio in a safe range.

Pre-approval means you receive a conditional commitment from a lender up to a specific loan amount.

If you are set on purchasing or refinancing a specific car, but your LTV is too high to receive an approval, then your lender may ask you for a down payment that will reduce the amount of money you need to borrow, bringing down your LTV.

Mortgage Approval / Commitment Letter: A written notice from the mortgage lender (bank) to the borrower that approves a specific amount of mortgage funds.

The loan interest rates are determined solely by your lender, with specific amounts determined based upon the information you submitted to the lender.

Whether a lender requires homeowners to pay for private mortgage insurance (PMI), the specific type of loan and your interest rate will all affect how much you will need to borrow and the amount of down payment that you will need to pay before purchasing the home.

The loan fees and interest rates are determined solely by your lender, with specific amounts determined based upon the information you submitted to the lender.

A rate lock, also called a lock - in or rate commitment, is a lender's promise to issue a mortgage to you at a certain interest rate and number of points for a specific amount of time while your loan application is being processed.

1 - The lender can satisfy that mortgage for a specific amount of money.

Your loans must be from specific lenders, the total owed amount must be greater than $ 10,000 and you must have graduated or not be currently enrolled in school.

Fees and interest rates of personal loans are established solely by your lender, with specific amounts determined by information provided in your loan application.

preapproval [top] When a mortgage lender reviews your credit and commits to a specific loan amount and terms.

Based on your financial strength, a lender may give you a pre-approval on a loan for a certain amount even though you haven't yet identified a specific property.

If pre-approved, you'll get a conditional commitment by the lender for a specific loan amount.

A written commitment from a lender to extend a mortgage to you up to a specific amount for a specific time.

A bank, otherwise known as a mortgage lender, will loan you a specific amount of money that will need to be repaid in «X» amount of years at «Y» mortgage rate.

Different HELOC lenders may have specific requirements, such as a minimum amount for each check written because HELOCs are best used for significant maintenance and repairs, not for a few hundred dollars» worth of goods purchased at the local hardware store.

Some more traditional lenders, like banks, may require you to be in business for some time or produce a specific amount of revenue to qualify.

When you apply for a loan, you're requesting a specific amount of money from a lender and agreeing to repay that loan over a predetermined period of time.

Lenders approve applicants for a specific amount of credit based on taking a percentage of their home's appraised value and subtracting the balance owed on the existing mortgage.

Some lenders only work with borrowers who have a minimum amount of debt, attended a certain school, hold a particular degree, work within a specific career field, or reside in a particular state.

A lender's conditional agreement to lend a specific amount of money to a homebuyer under a specified set of terms.

Each lender shall include with the booklet a good faith estimate of the amount or range of charges for specific settlement services the borrower is likely to incur in connection with the settlement... [and] shall provide the booklet described in such subsection to each person from whom it receives or for whom it prepares a written application to borrow money to finance the purchase of residential real estate.

You'll also generally need to have at least two years left in your current auto loan and owe a certain amount (typically $ 7,500 or more, but the specific amount may vary by lender).

A permanent life insurance policy with a specific cash value allows the lender access to that amount as repayment of the loan if the borrower were to default.

This is essentially an assurance from a lender that the buyer is qualified to borrow up to a specific amount of money at a particular interest rate.

A loan provision giving the lender the right to declare the entire amount immediately due and payable upon violation of another specific loan provision, commonly referred to as the Due on Sale Clause.

The lender will set aside a specific amount of money for a line of credit, and the borrower may outlive the monthly payment stream.

It is required that private lender to abide by their specific usury laws with regards to the amount of interest handled against the loan.

Funds required by some lenders to be retained in a borrower's bank account after loan closing in an amount equal to a specific number of monthly mortgage payments.

Section 5 (c) of RESPA states that lenders shall provide, within three days of receiving the consumer's application, a good faith estimate of the amount or range of charges for specific settlement services the borrower is likely to incur in connection with the settlement as prescribed by the Bureau.

Under section 5 (c) of RESPA, lenders must provide applicants for federally related mortgage loans with a good faith estimate of the amount or range of charges for specific settlement services the applicant is likely to incur in connection with the settlement of the loan.