Then, if a borrower
with marginal credit qualifications wants to borrow more than $ 10,000, it will offer a secured loan.
However, if you have low or slightly
marginal credit scores you will realize that banks treat you with lots of caution.
It's going to be incredibly difficult to get a loan of any sort unless you have at
least marginal credit.
People
with marginal credit or even good credit are still having trouble getting mortgages, due to the strict lending standards.
Creditworthy borrowers can often obtain lower rates than with an unsecured loan, and borrowers with
marginal credit stand a better chance of getting a loan approval when they opt for a secured loan.
Subprime The word subprime refers to borrowers with an inferior or
marginal credit history, typically with a credit score of less than 650.
This development is particularly troubling since the housing bubble's height was stimulated in large part by sub-prime lending to homeowners
with marginal credit.
Whether you have excellent credit or
marginal credit with charge - offs, repossession, or other «special circumstances», our Credit Specialists can arrange financing for virtually everyone!
FHA makes homeownership accessible to borrowers with
marginal credit, but expects borrowers to share the risk by paying for mortgage insurance.
Liquidity is always around; it is only a question of where
the marginal credit buyer has migrated.
Our VA lenders in Ohio remain competitive with interest rates and aggressive loan guidelines that enable borrowers to buy a house with no down - payment and
marginal credit.
And if it was
a marginal credit that wasn't, Wachovia would call»em in and say «God, we really like to keep you but that's such a good offer.
Lenders often will want a «co-signer» on money loaned to people who represent
a marginal credit risk.
As an example, after the real estate crisis in 1989 - 1992, the banks that did the best over the whole cycle were those that did not become overleveraged, did not over-lend to
marginal credits and had diversified operations.
«People with
marginal credit or sullied credit get used to getting kicked around in the marketplace.
It's not worth the risk if you have poor or
marginal credit or will be applying for a mortgage or car loan in the near future.
Even those with
a marginal credit score can qualify for conventional loans.
Subprime Mortgage — a home loan reserved for those who have
marginal credit or difficulty qualifying for a traditional loan.