Sentences with phrase «lenders know they exist»

All lenders know they exist, so it would be very wise of you to ask about any additional expenses.

Not exact matches

If you were to pass away and your spouse could no longer make the necessary payments, and the lender was unwilling or unable to refinance the existing loan, the FHA recommends selling the home quickly to avoid foreclosure.

To assess these lenders will have to get a metric known as LTV or loan to value ratio by dividing existing debts with the current appraised value of the house.

Before agreeing to LendKey loans or any new financing arrangement, it's important to understand the benefits and drawbacks of sticking with your existing lenders and to know your aggregate loan limits.

Doug Hoyes: And so what I'm really need to do then, I guess really I need a billion dollars then is I would need to go out and buy somebody who already exists, a, you know, a payday lender, a credit union, a small bank if there is such a thing.

These two requirements give our lenders the confidence of knowing that they can rely on homeowners to pay off existing loans.

If you are looking for a new student loan to pay for school, or are considering refinancing your existing loans, knowing the current interest rates can help you make an educated on which lender to choose.

When it comes to buying a home or refinancing your existing property it is important to know what information you need to provide to the lender including the documents for mortgage approval.

Whether seeking an equity loan with bad credit or good credit, the lender wants to know what percentage of the value of the home is not covered by the balance of the existing mortgage.

Our lenders know that having perfect credit almost never exist and so they don't do traditional credit checks so it's even easier to qualify.

They have a wide variety of lenders, that you might not even know exist.

When it comes to refinancing an existing mortgage, you have to know how to choose the right lender.

Lenders have to calculate a value known as Loan to Value (LTV) ratio, which is equivalent to the value of existing debts on a property divided by the current appraised value.

As you may already know, private lending is a risky business, and that's the main reason why most private lenders do not provide mortgages when a property isn't in good condition or if it has a high amount of existing debt.

Fortunately, the Consumer Financial Protection Bureau pushed lenders to change their policies on new and existing loans so that co-signer deaths no longer trigger such defaults.

The borrower will still have to pay any discharge or penalty fees to the existing lender, however if this is something you are considering — our Accredited Mortgage Professional will calculate the possible savings and let you know up front if it makes sense to refinance or stay put.

Good persons like Nathan Dylan should be well known and thanks to Jucy Homles for letting me know such good lender still exists.

I really can't thank Jucy Homles for letting others like me know that such great lender like Mr Nathan Dylan still exists, I thank God everyday for putting it in my heart to make the decision in contacting Nathan Dylan for a loan.

Let the lender know you plan to turn the existing home into a rental property.

Put simply, lenders want to know that you'll have enough money left over every month after paying existing debts to pay them back as well.

If your existing loan is an adjustable rate mortgage, and a higher interest rate has raised your payment to the extent that you can no longer afford to pay it, you might be able to renegotiate a loan modification plan with your lender or convert that ARM into a fixed - rate mortgage at a lower interest rate.

If you were to pass away and your spouse could no longer make the necessary payments, and the lender was unwilling or unable to refinance the existing loan, the FHA recommends selling the home quickly to avoid foreclosure.

What's more, you have no right to rescind a loan from your existing lender.

The typical repayment penalty is either three months» interest or the difference between the existing rate and the rate the lender could charge in the current environment — known as the interest rate differential (IRD).

I'm amazed at how little lenders know about VA construction loans, many of the lenders we talked to just flat out said they don't exist, and obviously they're wrong.

Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market to be supported by further decreases in rates as they are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and being locked in to an interest rate; Ryan advises the importance of keeping in touch with your mortgage lender; Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence was up, Ryan and Louis discuss the Fed's decision to keep interest rates where they are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can be achieved through the Fed's current policy as it is their belief that they are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the easy money; the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates rise and cut off the recovery.