Sentences with phrase «proposed loan to value ratio»
Credit score, debt to income ratios, and the proposed loan to value ratio for the new home will all come in to play during the loan approval.
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Once your proposed collateral has been accepted, the banker will determine the loan - to - value ratio based upon the nature of the asset.
Specific debt - to - income requirements vary based on a range of criteria including loan - to - value ratio, assets used to qualify for the loan and credit history but typically a successful applicant will have a total debt - to - income ratio (including the proposed loan payment) below 43 % of monthly gross income.
He says the proposed changes will enable borrowers to immediately refinance a property and take cash out if the loan - to - value ratio for the property is less than or equal to 60 percent.