Sentences with phrase «loan applicants based»

Private lenders decide how much to loan applicants based on the value of the property and the value of existing mortgages.

Everything about your credit score and report is calculated, so remember that most lenders will take a conservative approach to approving or rejecting a loan applicant based on their creditworthiness.

Performed daily maintenance of the loan applicant basis on how many per day.

Not exact matches

In March Boston - based Eastern Bank said it would make online loans available for amounts up to $ 100,000 in a streamlined digital process that takes minutes, also allowing some applicants to get money the same day.

In autodecisions, a bank bases loan approvals or rejections solely on an applicant's credit score.

Student loan refinancing interest rates are determined based on an applicant's creditworthiness and income.

The average student loan interest rate for these loans can vary widely based on an applicant's credit history and ability to repay the loan.

Specific debt - to - income requirements vary based on a range of criteria including loan - to - value ratio, assets used to qualify for the loan and credit history but typically a successful applicant will have a total debt - to - income ratio (including the proposed loan payment) below 43 % of monthly gross income.

Allows a direct loan or loan guarantee applicant to propose, and requires DOT to accept as a basis for determining the amount of a credit risk premium any of the following in addition to the value of any tangible asset:

Interest rates are based on an applicant's credit history, credit score and loan value.

This means that approval - decline decisions as well as the loan terms are based on an applicant's (or a cosigner's) credit history.

Interest rates will vary based on the specific amount of time to pay off the long - term personal loan, the amount borrowed, and the financial status of the applicant.

As a nonprofit higher education lender based in New Hampshire, the EDvestinU ® Private Student Loan Program offers competitive, low — cost fixed and variable rate loan options to applicants nationwLoan Program offers competitive, low — cost fixed and variable rate loan options to applicants nationwloan options to applicants nationwide.

When finance companies or banks make any type of loan they base the interest rates and terms on the perceived risk factors of the applicant.

Whereas banks and mortgage companies look at the financial status and credit score of an applicant, Source Capital loans are underwritten based on the value of the asset itself.

Loan rates are based on each applicant's credit history and may vary from those shown below and are also subject to underwriting guidelines.

Stafford loans (granted by the US department of education) and Perkins loans which are also granted by the federal government but are assigned according to the needs of the applicants and not on a first arrived first served basis are examples of the above.

To get a guaranteed approval of loans with bad credit the applicant needs to provide proof of income, but the approval is really based on trust that repayments will be made.

During the refinancing process the lender will access the creditworthiness of the borrower and issue a new loan with a new interest rate based on the applicant's credit history and other factors.

Loans that qualify applicants based on artificially - low rates are no longer allowed.

National Funding does not accept collateral and is available to applicants in all 50 states and Washington, D.C. Borrowers must personally guarantee all loans and will be evaluated based on their business's monthly gross revenues.

Once again, exceptions can be made on an individual application basis if there are extenuating documented circumstances that a loan officer feels were beyond the applicant's control.

Rates for business loans and business card services are based on evaluation of applicant's credit and may be disclosed at the time of application.

The ECOA prevents loan applicants from being turned away based on perceptions.

* Annual Percentage Rate (APR) is based on evaluation of applicant's credit and on associated loan - to - value (LTV) ratio.

Credit bureaus collect information and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants» credit worthiness.

VA Loans do not have an exact length requirement for employment history, and many applicants are examined on a case - by - case basis.

Interest rates in Ontario vary based on the applicant's credit history, but having bad or no credit doesn't automatically disqualify you from getting a good interest rate on your car loan.

As you may know, lenders evaluate loan applications based on applicants» credit ratings.

* New home equity term loans of $ 25,000 or more and new home equity line of credit applicants that take an initial draw of the lesser of $ 25,000 or 50 % of their line at closing, will receive a credit toward closing costs and fees based on eligible loan tiers: • Amounts from $ 5,000 to $ 150,000 will receive a credit up to $ 250 • Amounts from $ 150,001 to $ 250,000 will receive a credit up to $ 525 • Amounts from $ 250,001 to $ 350,000 will receive a credit up to $ 675

Government loans usually have lower interest rates since they are based on the applicant's needs and not on his credit.

Loan will only be available to residents in those states where permitted by law and based on applicant's creditworthiness.

The average student loan interest rate for these loans can vary widely based on an applicant's credit history and ability to repay the loan.

Student loan refinancing interest rates are determined based on an applicant's creditworthiness and income.

For qualified applicants, this is around thousands of dollars depending on your ability to pay the loan on time, which is based on your income.

Based on comments received on the NPRM, we are expanding the requirement that PLUS loan applicants receive new enhanced PLUS loan counseling to also apply to PLUS loan applicants who have an adverse credit history, but who qualify for a PLUS loan by obtaining an endorser who does not have an adverse credit history.

In the NPRM, the Department stated that it intends to collect and, where appropriate, publish information about the performance of parent and graduate and professional student PLUS loans, including default rate information based Start Printed Page 63323on credit history characteristics of PLUS loan applicants and individual institutional default rates.

Although applicants don't have to endure a traditional loan application process based on their credit scores and histories, they do have to undergo a financial «assessment» to verify their assets and liabilities and determine if the borrowers» current financial situation is sustainable for the foreseeable future.

These final regulations will increase the number of applicants who qualify for PLUS loans based on the initial credit check and consequently decrease the total number of applicants who are approved through the extenuating circumstances process.

Many students then turn to private loans, which are issued by banks, credit unions, and other commercial lenders.These loans are typically approved based on the creditworthiness of the applicant.

We agree with the commenters that these applicants, as well as applicants who qualify for PLUS loans based on extenuating circumstances, should be required to complete PLUS loan counseling.

The Department will collect and, where appropriate, publish information about the performance of parent and graduate and professional student PLUS loans, including default rate information based on credit history characteristics of PLUS loan applicants and individual institutional default rates.

As discussed in the NPRM, the changes in the regulations, including (1) using $ 2,085 as an upfront threshold amount in the determination of an adverse credit history, and (2) the reduced look - back period of two years for accounts in collection and accounts that have been charged off to trigger a determination of adverse credit, will likely decrease the number of PLUS loan applicants who are denied loans based on an adverse credit history determination.

The Department of Veterans Affairs encourages all VA Loan applicants to ask their lender about the Web LGY system since this Internet - based application can establish eligibility and issue a COE in a matter of seconds.

Based on comments received on the NPRM, these final regulations provide that any parent PLUS loan applicant who has an adverse credit history, but who qualifies for a loan after demonstrating extenuating circumstance or after obtaining an endorser who does not have an adverse credit history, must complete enhanced PLUS loan counseling before receiving a PLUS loan.

These commenters argued that parent eligibility under the adverse credit history criteria should include some measure of likely ability to repay the loan based on the applicant's current financial circumstances.

Revise the provision that specifies the types of documentation the Secretary may accept as a basis for determining that extenuating circumstances exist for a PLUS loan applicant who is determined to have an adverse credit history.

Based on these standards, more PLUS loan applicants were determined to have an adverse credit history and had to request reconsideration of the PLUS loan denial through the Department's process for determining whether there are extenuating circumstances for an adverse credit history.

While other lenders are likely to reject applicants based on credit scoring criteria and debt - to - income rations, SoFi will examine disposable income and other indicators of responsible borrowing habits as criteria for loan approval.

Extending assistance for people in this boat should be made possible, with the expectation that approval should be based on the vehicle's value as well as the loan applicant's capacity to pay.