Sentences with phrase «presence of a cosigner»
The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.
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Accordingly, the APR is subject to increase or decrease due to factors such as changes in the interest rate of variable rate loans, changes in principle due to the capitalization of interest or presence of a cosigner.
Variable rate, based on the one - month London Interbank Offered Rate («LIBOR») Variable interest rates may fluctuate over the term of your loan and will vary based on applicable terms and presence of a cosigner.
The study, published last month in Public Finance Review, an academic journal, controlled for a variety of factors, including location, income, race and the presence of a cosigner.