Sentences with phrase «most lenders rely»

Since April, 2016, Credible has been connected to all three of the major national credit bureaus that most lenders rely on, improving our ability to provide you with personalized rate quotes from multiple, vetted lenders — without doing a «hard» credit inquiry that can affect your credit score.

While most lenders rely on credit scores, they may also rely on other criteria such as debt - to - income ratios, minimum income requirements, minimum employment history duration, exclusions for specified derogatory information in the credit history (e.g., a bankruptcy in the last 7 or 10 years) and volatile income (e.g., self employment).

Most lenders rely on FICO scores generated from data collected by these three agencies; therefore checking them for errors is sufficient.

Most lenders rely on the actuarial method, which follows a clear formula defined by the law.

Not exact matches

As most unregulated lenders insure their mortgages and rely on CMHC securitization programs or the major banks for their funding, most of their mortgages must comply with federal mortgage rules.»

Unlike most business lenders, SoMoLend doesn't rely heavily on FICA scores.

Banks mainly rely on credit score when approving loans but that is no concern for most private lenders.

One can also access the loans in spite of a bad credit rating as most lenders consider the overall financial health of the borrower, not just relying on the credit score.

Most of these lenders rely on other factors apart from the client's FICO scores to approve the disbursement of funds thereby making it less time - consuming.

Most private lenders rely on word - of - mouth referrals, but the website of private lender Athas Capital Group Inc. advertises to borrowers and brokers.

In most cases, lenders rely on this in order to rate the credit standing of an individual so as to determine whether to lend loan to the person or not.

FICO, which stands for Fair Isaac Corporation, is the credit score most frequently relied upon by lenders.

The best mortgage rates in North Carolina can often be found at a direct lender advertising estimates online, but most borrowers continue to rely on traditional lenders such as major banks.

Being that most payday lenders rely on other factors than one's credit performance, chances of being turned down are minimal.

Most people like to call it a good faith loan since the lender will be relying on your good will to pay the borrowed amount back.

Unlike most traditional lenders, we don't rely on credit scores alone to measure your creditworthiness.

Most of these lenders rely on other background checks, such as the ability to repay the loan.

Here comes the tricky part, most of these lenders are banks or credit unions who are most likely than not going to rely on your credit rating to weigh your eligibility for the loan.

When it comes to variable rate loans, most private lenders rely on LIBOR when setting interest rates.

However, while this special treatment of medical collections might sound like good news for consumers who are currently facing this credit problem, it's important to keep in mind that most lenders, especially mortgage lenders, still rely on older versions of the FICO credit scoring model.

LTV is the most important metric but some lenders also rely on credit score to decide who qualifies for a loan.

While loan to value is most important, some lenders also rely on employment and credit score to reach a decision.

If you are thinking about a loan, you should know that most lenders use FICO scores and that it is well worth saving $ 1000s over the life of the loan to check your FICO scores instead of relying on non-FICO scores to guide you.

Most lenders simply rely on the recent information and give little weight to the old negative stuff.

The credit bureaus say that most lenders don't rely on just one credit score.

Most lenders prefer to finance up to 75 % loan - to - value, relying on the buyer to figure out a way to come up with the remaining 25 % of the deal.

Networking with agents, lenders, & escrow professionals in our community creates successful transactions that our clients can rely on for the most positive home buying or selling experience!!

That has forced most house flippers to rely on a hodgepodge of small private lenders, wealthy investors or friends and family for capital.