Sentences with phrase «not lend on properties»

Lenders will not lend on properties with extremely high amounts of existing debt.

Repairs to a property: Many banks won't lend on properties that are in need of significant repair, but hard money lenders will.

> all I keep running in to is financial institutions telling me that either they don't lend on properties out of state or they don't lend to out of state residents.

Not exact matches

At Veterans United, we will not currently lend on a property that requires flood insurance but is not located in a National Flood Insurance Program community.

Predatory lending is in a legal sense the offering of certain secured loans such as home loans or car loans by lenders with the sole intention of seizing the property in order to sell it for a profit knowing that the borrower will not be able to afford the monthly payments on the loan.

They do not look at credit but rather the existing debts on a property when making a lending decision.

This means that the decision to lend is based on the equity and value of the property being put up as collateral, and not based on your credit.

These lenders will lend based on the equity in the property and not a credit score.

Private lenders will not lend on homes that have mortgages amounts that are nearly as high as the value of the property.

Banks and traditional lenders have tightened the reins on lending processes in the years following the recession; most won't lend on a fix and flip venture because they prefer to finance properties intended to be held for years to come.

They are interested in an individual's property and not the credit score that banks solely rely on to make a conscious lending decision.

Private mortgage lenders in Fort Erie are not bothered by credit history but they are also sensitive to risk and will avoid lending on properties with too much debt already.

- Mobile home owners living in mobile home parks, on leased land or in other instances where the mobile home is not attached to real property, are forced to look to the internet for lending sources, as most local banks, credit unions and mortgage brokers normally do not finance or refinance mobile homes by themselves.

Our home equity lenders in Fort Erie are keen to avoid lending on a property with too much debt as it only means they might not recoup after default.

Private lenders use what is called a Loan to Value Ratio (LTV) when deciding whether or not to lend on a property.

Our funding is intended for business purposes only, we do not lend on owner occupied property for personal, family or household use.

The majority of the hard money lenders will not lend on residential owner occupied properties as recent government regulations (Dodd - Frank) have made the process much more difficult for both the borrower and lender.

So why don't lenders offer a true reverse mortage which would compute and lend a stream of payments (at interest of course, but hopefully a rate reflective of the low risk given the high property value / loan ratio) rather than a useless lump sum which has seniors paying pretty high mortgage interest rates on a large amount of loan, rather than a interest on the (rising) amount of loan as the stream of payments accumulated.

Whilst the guidance does not replace or override any individual lending policies or provisions under the Lenders» Handbook, the document does offer some direction into a selection of leasehold related matters, which may have implications on the value of the property as well as the affordability of the mortgage loan.

Our lending programs don't stop there; if you're looking for a loan on new construction, we can provide quick financing for both the and acquisition and construction of a new residential property or tear down project.

From a lending standpoint, in case you apply for financing to acquire the property, you may not even get approved on this deal, that is b / c your lack of experience and the caliber of the property would be too high of a risk to the lender.

If so, most investors / hard money lenders won't lend on owner - occupied properties.

You might not think of commercial banks as a prime source for longer - term loans — but seven - year terms have become common for commercial mortgages provided from the balance sheets of banks eager to lend, especially on multifamily properties...

As you probably know, any prudent mortgage lender won't lend money for a construction project without requiring a 1st mortgage on the property.

Hard money lenders (HMLs) are typically private individuals or small groups that lend money (Hard money) based on the property you are buying, and not on your credit score.

Most likely, a bank will not initially lend on this type of property.

Our funding is for business purposes only, we do not lend on owner occupied property for personal, family or household use.

They wanted to take out some cash for architectural and engineering expenses, but found that banks would not make a land loan to them on the property because the structure of their investment group did not conform to the bank's strict lending requirements.

NCCM provides real estate backed first lien bridge loans on operating properties where the borrower or the property does not meet traditional commercial banking lending standards due to extenuating circumstances such as tenant vacancy or prior bankruptcy.

(We do not lend on investment properties.)

You might also consider looking for a private lender if you can not find a bank to lend on your property

For example, lending on affordable housing properties or small apartment properties «may not be practical due to the high cost, relatively low profitability and difficulties with securitization.»

Whether they lend or not will usually be determined on the property.

Banks do not want to lend on a property that will not sell easily if they have to foreclose.

You pay them back, just like you would pay back a bank; the only difference is: private lenders don't always look at your credit score; they're often more interested in the investment itself and they'll decide how much to lend you and what interest rate to charge based on their assessment of the property.

However now my bank says they can't lend me on the third house as collateral all three are rented net monthly rents are $ 2075.00 two mortgages are less that $ 400.00 per month They gave two reasons 1] the 3rd property was out of their area.