Sentences with phrase «off traditional lenders»

Sometimes they're owned by people whose personal credit histories are good in general but might include problems that would scare off traditional lenders.

Not exact matches

When applying for a traditional mortgage loan, lenders usually prefer for your debt - to - income ratio (the money you use to pay off debts each month divided by your monthly income) to be below about 36 %.

A traditional loan from a lender which isn't one of the big banks may pay off both short and long - term.

In most cases, low credit score holders should hold off on applying for a loan with a traditional lender until they can sufficiently improve their credit score to above the 700 mark.

Those small businesses that have a low credit score are seen as bad or poor credit business.This means that you have failed to repay off your debts in the past.If you thus apply for loans through traditional methods like banks or institutional lenders then there are high chances that your loan will not be approved because of your bad credit.

Traditional brick - and - mortar lenders do offer installment loans, but you need to go into your local office, which means taking off from work in order to meet with loan officers during business hours.

Mortgage protection life insurance works like a traditional life insurance policy, except that the insurance company pays the death benefit directly to the mortgage lender to pay off the mortgage.