Sentences with phrase «needed access to mortgage credit»

It puts behind us once and for all the kind of irresponsible lending that disrupted the housing market and so badly damaged our economy, and it provides strong new consumer protections while preserving needed access to mortgage credit,» he said of the rule and its Qualified Mortgage standard.

Not exact matches

The minimum credit card score needed to qualify for a mortgage is between 580 and 620, but borrowers with scores of 700 and over get access to the best rates.

With a reverse mortgage, you can set up a line of credit that allows you to access your home equity any time you need it.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

The nation's housing finance system needs to be put on a more sustainable footing so that more Americans will have access to prudent and affordable mortgage credit well into the future and taxpayers are further shielded from risks.

Consider refinancing your mortgage if you have low fico - credit scores, but need to access cash or consolidate credit card debt, but do not want to refinance you existing first mortgage.

Under the adjustable rate reverse mortgage, homeowners can choose to receive home equity in monthly payments, term or tenure payments (a term payment being for a set term established by the borrower and a tenure payment being a payment for life), in a line of credit that you can access when you want, or a combination of any of these choices (i.e. a small lump sum to make repairs now, a portion in a line of credit to be able to access for later needs and the remainder in monthly payments for life).

Where the problem come in for mortgage lending, is your lender actually needs to potentially have access to your credit report during the entire loan process, not just the first day when your Loan Officer pulls your initial credit report.

You don't need to provide your social security number to get started, and all quotes come with access to your live mortgage credit scores.

With the RBC Homeline Plan ®, you have access to our Royal Credit Line ® and Royal Bank ® mortgages all in one plan, which you can designate for different needs, including home renovations, a new car, a vacation or your child's education.

If you need to complete an emergency home repair or a small home improvement project, and can not take a home equity loan, access a line of credit or mortgage refinance, then a personal loan may be an attractive option.

Applicants can now access a wide variety of policy options to meet their personal needs, including products such as mortgage life insurance, decreasing term life insurance, key person insurance, credit life insurance, and many others.

Provided the borrower is the primary occupant of the house, they can access these loans without any income or credit criteria needing to be met; given that they are in adherence to the recently passed and new reverse mortgage rules.

Having access to a reverse mortgage line of credit could give you the peace of mind you need to handle unexpected medical expenses.

NAR will continue to work to enact H.R. 1077 and S. 949, The Consumer Mortgage Choice Act in order to ensure consumers have the broadest access to credit and services they need.

The rules of the road need to be clarified so that responsible borrowers have access to mortgage credit.

«Given that mortgage interest rates are expected to gradually rise, we need greater access to credit for a sounder housing recovery.

«With strict new mortgage rules in place, we will be monitoring the lending environment to ensure that financially qualified buyers can access the credit they need to purchase a home.»

We need to expand credit availability in the mortgage market to help ensure that more creditworthy families can access homeownership, which offers greater housing security and more opportunity for wealth - building than renting.