Sentences with phrase «to make such loans»
Because bridge loans were seen as easy money by banks, the market to make such loans became very competitive.
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Installment loans help make such loans more manageable by breaking down the payments into regular and fixed installments.
And, lenders are happy to make such loans because the Federal Housing Administration insures the loans against loss.
As the Wall Street Journal reports, the likes of Wells Fargo and Citigroup no longer make such loans — but they are lending money to operations such as Exeter Finance, which do grant loans to people with poor credit scores.
The fees incurred by the lender for foreclosing on the property, and reselling it can easily reach 20 % of the home's value making such loans a risky proposition for the lending institution.
In most cases, it is the accumulation of interest on the loan that makes such loan becomes burdensome.
And, lenders are happy to make such loans because the Federal Housing Administration insures the loans against loss.
Interest rates on home equity loans are normally low, making such a loan a viable way to get into the market.
The bank doesn't want to make such a loan either, for exactly the same reasons.
The purpose of the Fed's survey is to discover what the consumer and business demand is for bank loans, and what's the banks» willingness to make such loans to those who apply.
Most major fund families — BlackRock, Vanguard, Fidelity, Allianz — now can make such loans.
The FHA accepts scores down to 580 and even lower in some circumstances, but finding a lender to make such loans can be difficult and for people with damaged credit the loans can be costly.
In order to obtain the proceeds to make such a loan, TIAA requires each participant to transfer 110 % of the amount of the loan from the participant's chosen investments to one of TIAA's general account products as collateral securing repayment of the loan.
In matter of a seconds you should have list upon list of lenders willing to make such loans.
This makes such loans a great tool for homeowners as long as you understand the mechanics of what's going on.
This makes such a loan even more attractive.
The purpose of the Fed's survey is to discover what the consumer and business demand is for bank loans, and what's the banks» willingness to make such loans to those who apply.