Sentences with phrase «open mortgage issued»

A standard home equity loan is, in reality, a first or second open mortgage issued with unique terms.

Not exact matches

It worked out okay, but the card that was opened between the time of the mortgage pre-approval and final approval was noticed by our bank's mortgage underwriting department and could have been an issue.

A Recovery is considered full if, «the borrower's credit history is clear of late housing or installment debt payments, and major derogatory credit issues on revolving accounts; any open mortgage is current and shows twelve (12) months satisfactory payment history.

It is issued as your original or next mortgage on the property and it has an open clause, which you can activate to end payments earlier.

Develop relationships with customers and suggesting bank products and services to enhance the customer experience including but not limited to opening accounts, taking consumer loan applications, mortgage applications and resolving customer issues.

Generally, the applicant's credit report is pulled during the reverse mortgage process for the underwriter to review for current adverse credit issues that may affect the property, such as an open bankruptcy or pending foreclosure; however, scores are not normally a considered factor in the credit decision.