The lender's use of online loan applications make it simple for new customers to explore
the possible loan scenarios at Quicken and keep track of their progress as the origination moves forward.
Not exact matches
Casey Fleming, Author of The
Loan Guide: How to Get the Best
Possible Mortgage, created the chart below to help borrowers determine which HECM payment option is best for common
scenarios.
Based on that information you will be able to design (or help the lender customize) a
loan schedule that will adjust to your possibilities while providing a debt - free
scenario in the shortest time frame
possible.
These
scenarios are always a case - by - case basis, so talk with your
loan officer and your lender in more detail about your particular situation and what might be
possible.
This can certainly raise your interest rate in a hurry, so you'll want to look at all
possible scenarios with regard to down payment and
loan amount to keep your LTV ratio as low as
possible.
It may make sense for some people to only consolidate variable - rate
loans to get the best deal so it's important to run the numbers for all
possible scenarios.
Given her new lowered score, there were two
possible scenarios, depending on where she received the
loan:
Going into debt — whether with a bank
loan, credit card, or a
loan from a personal friend — is the worst - case
scenario in this situation, and you want to avoid it if
possible.