Sentences with phrase «new lenders because»

While a short sale, which is where the lender settles for less than the amount due on the mortgage, is considered a better closure for the seller (vs. foreclosure or bankruptcy), it's still a red flag to new lenders because of how it shows up on your credit report.

On the other hand, do not blindly go for a new lender because it involves a foreclosure charge and a set of other charges.

Not exact matches

It matters, because organizations are going to have to innovate to create new storytelling strategies and find new focal points to capture the attention of would - be contributors — donors, lenders, volunteers, and others.

That's because a freeze locks down your credit report, so lenders can't even start the approval process for a new credit application.

Small - business lenders could sell their loans to this new entity but would avoid executive pay curbs and other restrictions because the vehicle technically would not be part of the government.

A personal bank loan — which appears on your credit score after 60 days — will usually lower your score because of the hard inquiries on your credit report and the addition of new credit, which mortgage lenders don't want to see.

If your lender tells you that you can't have a HARP 2.0 loan because you have mortgage insurance, find a new lender.

Fintech lenders will sign - up because it's much cheaper to pay the platform a commission on the principal of the loan than the customer acquisition fees they pay to acquire new customers from digital channels, at scale.

More than 550 New York state service members will benefit from a combined $ 2.2 million in consumer debt relief because of a settlement New York and 12 other states reached with the military lender Rome Finance Company.

The conclusion is auto makers, dealers and lenders should adjust for this new breed of buyers because they want what they want, when they want it and how they want it.

In fact, some lenders like new car loans because the Manufacturer will give buyers rebates which can be used as a down payment and depending on the car, even Down Payment Assistance towards the purchase of a New Cnew car loans because the Manufacturer will give buyers rebates which can be used as a down payment and depending on the car, even Down Payment Assistance towards the purchase of a New CNew Car.

Todd Sheinin, mortgage lender and chief operating officer at New America Financial in Gaithersburg, MD, compares shopping around for home mortgages to buying a car: «Just because a dealership offers you the cheapest price doesn't necessarily mean it's the best option.»

Lenders view new accounts with skepticism because the borrower has yet to establish that he or she can afford the payments.

You will owe more money to the new lender, but by eliminating other more expensive debt with the extra cash you just received, you are actually saving thousands of dollars too because you will have to pay lesser interests on your overall debt.

Unfortunately, bad credit gets a bad rap because it makes a slightly worse impression than no credit to lenders if you're on the market looking for a new loan.

FHA loans will typically be more favorable to new homeowners because lenders have government security.

«In anticipation of the U.S. Fed raising rates in mid-December and because a lot of lenders have reached capacity and want to slow down their new mortgage business.»

Except that the most lasting and obvious result of the ban is that it will advance the market for established lenders because it makes the barrier to entry for new companies extremely high by removing the ability to buy advertising, and increasing reliance on Search Engine Optimization to attract new customers, which gives these more recognizable lenders an indisputable hand up.

Recently, the New York Times wrote a story highlighting that one of the main reasons a mortgage may be delayed or fall though is because some people simply aren't truthful in letting their lender know about their financial history at the get - go.

That's because companies — both new online mortgage lenders and traditional players — are doing more on the web.

You don't want to have the hassle of having to apply for a new credit card in the future because your current lender doesn't provide you with the features that you need.

For new startups, it can be almost impossible to score a small business loan because the risk is too high for lenders.

Given the current spat of foreclosure moratoriums because of alleged lender processing failues, it's not surprising that FHA Commissioner David H. Stevens has issued a new letter saying that FHA lenders must uphold tough standards when processing loans.

Because we are a direct lender — recognized for our leadership by the State of New Jersey Dept. of Housing and Mortgage Finance and the LendRIGHT lender excellence program — we can offer you more options and more competitive mortgage rates than other lenders.

«Because lenders often run credit reports within hours of the scheduled closing, running up new large debt is an awful idea,» Phillips says.

And because it's a new business, most lenders will expect you to use some of your own money to fund your business before they will offer you money.

Because of the variety of lenders that offer these guaranteed online loans, there are usually special offers going on with various lenders for new borrowers or returning customers.

Because as with everything in this world, in finance there are two set of rules, the ones that lenders apply to new clients and the ones that apply to people they already know.

Lenders and home - builders, particularly those who work often with first - time home - buyers, fought the FHA rule on credit disputes when it came out because of concerns that too many borrowers would be unable to qualify for an FHA loan under the new rule.

As credit scores for new auto loans hit record highs, lenders have also tightened their standards and are lending less based on purchased vehicle values.This is good news for the auto lending industry because narrower credit standards are «starting -LSB-...]

Thousand of distressed homeowners who have the household income to meet all the criteria for a new lower fixed rate FHA mortgage are not being given a chance to succeed because lenders have strictly enforced this minimum Fico score requirement, contrary to the underwriting guidelines for FHA loans.

If your lender tells you that you can't have a HARP 2.0 loan because you have mortgage insurance, find a new lender.

Applying for new credit accounts a lot can raise a red flag to lenders, because they will wonder why you are looking a getting so many new accounts.

If you open a lot of credit at one time you look risky to the lender because new accounts lowers your average account age which also affects your length of history.

Because of the market collapse, the government enacted new measures to protect both borrowers and lenders.

This is because even though most balance transfers offer a 0 % introductory interest rate and waive balance transfer fees, the hope is that the transferred balance will stay unpaid so the new lender can collect interest for years to come.

Others argue it's important for lenders to know if consumers have had a lien on their taxes or a civil judgment against them, because their risk of defaulting on a new loan is much higher.

You don't need both because a credit freeze ostensibly prevents any new lenders from opening fraudulent accounts by denying access to your credit report, a necessary step for credit approval.

If your lender or real estate agent is telling you that you can not use a no money down USDA Mortgage to buy your home because of the eligibility concerns, it's time to find a new lender.

In truth, it does affect you, because it influences the affordability of home mortgage loans and the willingness of lenders to make new loans.

Underwriting is more strict than it was years ago because of new laws lenders must abide by that were passed in early 2014.

Unfortunately, he wasn't completely prepared for the meeting, because the new lender had different documentation requirements that Mike's HUD counselor wasn't aware of.

This is important, because your score is often used by lenders to help decide whether to approve you for new credit cards, personal loans and home loans.

Because these private lenders do not set interest rates for a set period of time, like the Department of Education does for new federal student loans, they can change any day.

Because «the more you put down, the more you minimize the risk to the lender,» says Todd Sheinin, a mortgage lender and chief operating officer at New America Financial in Gaithersburg, MD..

That's because a cosigner with great credit lowers the risk for the lender and makes it more likely that you'll pay back the new loan on time.

To state the obvious: Because it means you were unable to pay your mortgage once, it doesn't bode well for a new lender getting its money back, either.

Because it can difficult to qualify for bank loans, a new generation of business lenders are stepping up to offer entrepreneurs online business loans.

Secondly, lenders reduced their risk exposure because the rising market provided equity to the homeowners, which was enough collateral to refinance the loan to a lower payment option (or new teaser rate) to avoid foreclosure, or at the very least, sell the property for a small profit.

We understand that working with an alternative lender can be scary because it's a new concept in this industry, which is why we are 100 % dedicated to confidentiality and providing a fast and secure lending process.