Sentences with phrase «of young borrowers»

This recent survey attempts to determine the actual financial knowledge of these young borrowers as nationwide student loan debt increases each year.

By the time I was graduating, Upstart had emerged as a solution for the disconnect between the thin credit file of young borrowers and the need many of them have for funds to buy their first «adult» vehicle, first home, or to just consolidate the credit card debt they may have accumulated at a lower interest rate.

As a result, Canada's population has a growing proportion of older savers and a shrinking proportion of young borrowers.

For older borrowers who rely on student loans to finance their own education, government statistics show their default rate is much higher than that of younger borrowers.

The amount an individual will receive as a loan will depend on the value of the home, the age of the youngest borrower or eligible non-borrowing spouse, and current interest rates.

The age of the youngest borrower is used to estimate the length of the loan.

The Principal Loan Limit is determined by the age of the youngest borrower or non-borrowing spouse, the expected average interest rate, and the Maximum Claim Amount.

The principal limit is determined by multiplying the home value (up to $ 679,650 as of 2017) by the principal limit factor, which is determined by the age of the youngest borrower and the average interest rate.

The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home's appraised value, sale price and the maximum lending limit.

Without knowing your exact birth dates I might be a bit off of the benefits but I can get pretty close (the amount you would receive will be based on the age of the younger borrower but if your partner will be 72 within 180 days of the closing of the loan, you would receive higher benefits).

The loan amount is based on the age of the youngest borrower or eligible non-borrowing spouse, the interest rate, as well as the lesser of the home's value or sales price, subject to HECM lending limits.

The amount of money a person can get from a reverse mortgage depends on the age of the youngest borrower, home value, and current interest rates.

The amount of equity you can access with a reverse mortgage is determined by the age of the youngest borrower, current interest rates, and the value of the home.

The Principal Limit is determined based on the age of the youngest borrower on the loan because the program uses actuarial tables to determine how long borrowers are likely to continue to accrue interest.

Anna explained that Upstart secured differentiated underwriting targeting a demographic of younger borrowers early in their career or with little credit history in order to offer more options.

The cash you can potentially receive is based on the age of the youngest borrower, the current expected interest rate, the mortgage option selected, amount of home equity and the appraised value of the home.

A home's equity is taken as collateral, with the amount of money a person receives tied to a number of factors: the maximum lending limit, sale price, age of the youngest borrower on the title, as well as interest rates and the home's value.

In fact, the only things taken into account are the age of the youngest borrower, the appraised value of the home and the current federal interest rate.

The amount a borrower is eligible to receive depends on the age of the youngest borrower, property value, current interest rates, and any existing mortgages or liens that must be settled at closing (existing mortgages can be paid with proceeds from the reverse mortgage).

The principal limit, at origination, is based on the age of the youngest borrower, the maximum claim amount, and the loans expected rate (ER).

The PLF is determined by the age of the youngest borrower and the loan's expected interest rate.

The amount of money the borrower can receive is determined by the age of the youngest borrower, interest rates and the lesser of the home's appraised value, sale price and the maximum lending limit.

Set aside part of the mortgage proceeds, based on the results of the financial assessment, to help cover estimated tax and insurance payments over the expected life of the youngest borrower.

Calculating the life - expectancy set - aside requires estimating how much the cumulative property taxes and insurance will cost during the life of the youngest borrower.

The amount of the set - aside will be based on the life expectancy of the youngest borrower.

The amount you can receive depends on the age of the youngest borrower, current interest rates, and the lesser of the appraised value of your home, the sale price or FHA maximum lending limit.

The age of the youngest borrower is used to estimate the length of the loan.

The PLF is a function of the age of the youngest borrower and the «expected interest rate.»

The principal limit, at origination, is based on the age of the youngest borrower, the maximum claim amount, and the loans expected rate (ER).

The PLF is determined by the age of the youngest borrower and the loan's expected interest rate.

The loan amount is based on the age of the youngest borrower or eligible non-borrowing spouse, the interest rate, as well as the lesser of the home's value or sales price, subject to HECM lending limits.

The amount an individual will receive as a loan will depend on the value of the home, the age of the youngest borrower or eligible non-borrowing spouse, and current interest rates.

Reverse mortgages are unique because the age of the youngest borrower determines how much you can borrow.

Not exact matches

While cosigners can be used for a variety of consumer loans, they are commonly used for smaller loans or for younger borrowers who don't have their own income.

If you're a younger borrower that hasn't built up a significant credit history, having a parent or relative act as a cosigner can help boost your chances of securing approval.

It focuses on the plight of Arrietty, a young woman who is one in a long line of little people known as «borrowers», as she timidly navigates her way through this big, and mean big, scary world.

Like the librarian in The Borrower whose honesty is tested when young boy hides out in the local library, many of these stories feature ordinary people beset by highly unusual circumstances.

However, the fastest growing group of borrowers are teens and young adults, possibly due to the recent expansion of young adult collections at many libraries.

«Like all great books for the young, The Borrowers can be read as an enthralling story of adventure,» writes one reviewer on Amazon, «but also contains many layers of meaning...»

While cosigners can be used for a variety of consumer loans, they are commonly used for smaller loans or for younger borrowers who don't have their own income.

To qualify for this type of loan the youngest borrower on title must be at least 62 years of age, the home must be the borrower's primary residence, and the home must have sufficient equity.

I do think we should be critical of the industry (my personal opinion), but you are right we definitely need to share some hard facts with young borrowers.

Cryptocurrency was the hottest investment of 2017, especially for young Americans, so it is easy to understand why many college borrowers would think it was a savvy way to spend their refund checks.

At the age of 62 for the youngest borrower, the benefit amount is 52 % assuming that the purchase price is not over $ 636,150 (any amount over this maximum you would have to pay 100 %).

Because they are no longer forced to leave, the age of the younger spouse will now be taken into consideration though to determine the benefit and borrowers with younger spouses will receive less money.

If you're a younger borrower that hasn't built up a significant credit history, having a parent or relative act as a cosigner can help boost your chances of securing approval.

The maximum amount a homeowner can borrow using a reverse mortgage is calculated based on the value of the home, the youngest borrower's age, and the interest rate that will be charged on the loan.

The younger the borrower and the higher the interest rate, the lower the percentage of a home's value that is available to borrow with a reverse mortgage.

This example is based on Anne, the youngest borrower who is 68 years old, a variable rate HECM loan with an initial interest rate of 4.032 % (which consists of a Libor index rate of 1.782 % and a margin of 2.250 %).

For young people, the same as for everyone else, qualifying for a mortgage comes down to three basic things: credit, income and down payment (there's also the matter of the home appraisal, but that's about the property and not the borrower's own qualifications).