Sentences with phrase «on borrowers»

Today's mortgage rates depend on your borrower profile, the property you want to finance, and economic conditions worldwide.

In fact, there are online lenders who deal very effectively with taking on borrowers who have had a frozen credit line.

The direct impact on borrowers comes in the form of program guidelines established by the federal government, and in the lower rates and increased availability of fixed - rate mortgages.

Loan deferment, income - driven repayment plans, forbearance, and federal loan consolidation or student loan refinancing are all alternatives in the absence of banking on the borrower defense to repayment rule.

These rates are based on a borrower with a very good credit score (700 +), and a loan amount of $ 300,000.

But this article focuses on the borrower requirements for getting a 30 - year fixed - rate home loan.

Credit scores can have a dramatic effect on a borrowers ability to get the best rates for many types of financing including a home mortgage and a car loan.

Personal loan repayment periods may tend to be on the shorter side, often three to four years or less, placing pressure on borrowers to pay up early.

Other potential disadvantages are the purchase - price limits and geographic restrictions that many programs impose on borrowers.

Our hard - money underwriting guidelines are focused not on borrower credit, but on overall equity.

As an investor, you are entirely dependent on the borrower finding additional financing or maintaining a reserve to pay interest.

Since the mortgage industry meltdown occurred, more lenders are placing stricter credit requirements on borrowers when deciding loan approvals.

These repayment plans base the monthly student loan payments on the borrower's income and the size of their family which usually ensures these payments are affordable for most borrowers.

For one thing, lenders are less willing to take risks on borrowers with bad credit.

If the debt appears on the borrower's credit report in error, he or she can provide evidence to have the requirement waived.

Double - wide mobile home units placed on the borrower's land are treated like a conventional residential mortgage loan.

Beyond the financial toll it can take on borrowers, getting out of it can be a hard and confusing process.

Banks are also likely to place more emphasis on borrower quality going forward, he adds.

No credit checks — Lenders do not perform any forensic credit checks on the borrower.

Figure 2, which focuses on borrowers only and projects default rates out to year 20, suggests that default rates in the for - profit sector could ultimately approach 70 percent.

That means the lender must rely on the borrower's creditworthiness and ability to repay the loan to make a lending decision.

It is quite obvious therefore, that the whole sector is highly dependent on these borrowers in order to function.

At the end of the day, it falls on proper student loan repayment on the borrowers account.

A second mortgage is usually an extra financial burden on the borrower.

Most mortgage lenders base their approval process solely on the borrower's personal income.

The process is not only faster but also easier on the borrower since it eliminates the need to provide full documentation, like you would for a standard conventional loan.

Sadly, there are a lot of companies the prey on borrowers seeking help for their student loans, so make sure you're not taken advantage of.

Interest rates are low and vary based on borrower financial circumstances, lender fees, and other factors.

Therefore, the law allows us to impose certain requirements on borrowers as a condition for granting a loan - but only to the extent necessary for us to manage our risk.

The costs of borrowing as well as the finance charges due on the borrower are quite less.

Based on borrowers using all 37 local public libraries, the list below includes the top three most popular and most requested book titles, along with the top downloaded eBook titles.

Lenders may also place liens on the borrower's assets, meaning that the borrower can not sell the assets without paying the lender first.

There is no personal liability on the borrower's part.

Often family members were not listed on the borrower's account, but contacted through skip - tracing.

A cash advance is a small, short - term loan that typically must be repaid on the borrower's next payday.

Unlike other loans, student loan defaults stay on a borrower's record for life, even if bankruptcy is filed.

Student loans have the problem in that the collateral is your personal earnings, so it really can take a bigger toll on borrowers.

The cosigner buys a term policy on the borrower for the loan amount and cosigner is both owner and beneficiary.

A Secured Personal Loan is usually secured on a borrower's property and is therefore not available for people living in rented accommodation.

Based on borrowers from all 37 Libraries the list includes the top 3 most popular and most requested book titles along with the top downloaded eBook titles.

Sometimes points are assessed on borrowers with less - than - great credit histories.

The reserves are accrued in an escrow account that is set up by the lender and paid on the borrowers behalf when due.

These loans are traditionally based on a borrowers income and credit as a means of their ability to support the debt service on the properties they are purchasing with financing.

As such, it's easier to do due diligence on borrower risk.