At the same time, the U.S. arm of TransUnion also announced that it was introducing an alternative scoring system aimed at assigning scores to people who aren't ideal borrowers, but may be reliable consumers.
Read more: Documents needed to get the best mortgage rates» Read more: How to get a mortgage (when you're
not the ideal borrower)»
Not exact matches
On average, this is 6 days or sooner so this company is
not ideal for
borrowers who need funds quickly.
This is
ideal because this way, the Ontario Mortgage Act allows them to sell a property if the
borrower doesn't honour the agreement.
The FHA requires certain standards order to offer you a loan guarantee, but the lender is still guaranteed their money in case of foreclosure, so they are more likely to fund the loan even if the
borrower's credit is
not ideal.
Upgrade is slightly different in that it targets
borrowers who don't have
ideal credit and the company gives out the loans themselves.
Online companies tend to be more willing to approve
borrowers who don't have
ideal credit scores, and they're also starting to use additional criteria in order to make their credit decisions.
And while their terms might
not be
ideal for bad credit
borrowers, they at least offer a fairer deal.
Perhaps the comparison might make some sense in an
ideal world where the companies were providing quality service, accurately informing
borrowers that they can contact their servicers and get into the same programs for free, informing
borrowers that the «debt relief» companies have no special access and do
not offer any special programs, and encouraging
borrowers to check in with their servicers.
A long term length is
not ideal for
borrowers because a car depreciates quickly and the longer the term, the less equity they have in the car.
Bottom Line: Guaranteed Rate offers a wide variety of home loans, including FHA,
ideal for
borrowers who do
not have a high down payment.
The good news is that if a
borrower decides that refinancing all of his or her student loans is
not ideal, he or she may also choose to refinance only the loans for which interest rates would decrease — a benefit that is possible due to the fact that student loan interest rates vary depending on the type of loan and when it was originated.