Sentences with phrase «on your mortgage application because»

In general, mortgage lenders allow just 75 % of a home's total rental income to be claimed on a mortgage application because rental homes go sometimes vacant.

Medical debt matters on your mortgage application because of the impact on your credit report.

Not exact matches

A credit card application, for example, is weighted «worse» than a mortgage loan application because debts on credit cards can increase over time, until they become unmanageable.

For government workers themselves, it's even worse, because they will likely be unable to verify their employment on a mortgage application.

Philip Penton implies that the mortgage debacle occurred because of people lying on their loan applications (7 July, p 31).

(Many homeowners defaulted on their mortgages over the past few years because they lied about their financial circumstances and / or worked with unscrupulous lenders who overlooked deficiencies in their loan applications in order to generate more business.)

So, aspiring homeowner, it's crucial that you pay everything absolutely on time — even for things like utilities that don't normally report to credit bureaus --- because that will be counted on your mortgage application.

Private mortgage lenders are individuals or groups who accept mortgage applications and are willing to take on more risky investments because they are not governed by the same laws as institutional lenders.

The CMHC said it has been compiling data on how many would - be homeowners have their mortgage applications rejected for these reasons, but can not disclose those numbers right now because it is based on conversations with commercial lenders.

While they often prey on people who have already taken out HELOCs, anyone with equity in his home can become a victim, especially homeowners with good credit and seniors citizens who've paid off their mortgages (because lenders often readily approve their applications).

Make sure that your payment is on time because one late payment can do damage to your credit score and it might be the reason for the disapproval of your application for mortgage in the future.

The trade association commenter asserted that the «property address» should be an optional item in the definition of application for purchase transactions because the change would enable the consumer to shop for a mortgage loan based on a regulated document, the Loan Estimate, rather than unregulated pre-application worksheets.