Sentences with phrase «prospective financial lenders»

There are many other factors which affect a credit score such as personal bankruptcy, foreclosure and inquiries from prospective financial lenders.

Not exact matches

Because of these odd financial times, some lenders have cinched up their requirements these last couple of years, so it is wise to check with prospective lenders to nail down the requirements.

Check prospective lenders with the Better Business Bureau or online financial forums.

VA - approved lenders want to see that prospective borrowers can return to a solid financial footing over a two - year period.

This mark shows prospective lenders that the applicant experienced financial hardship in the past but displayed a sense of responsibility by seeking to resolve it in a timely and efficient way.

Even worse, a prospective lender may ask you to pay property mortgage insurance (PMI), which will add thousands of dollars to the cost of your loan, said Deerfield Beach financial planner Blair Shein.

As of January 13, 2014, lenders are required to assess the financial condition of prospective borrowers to determine if their income is sufficient to pay future property taxes and insurance.

In the preapproval process, your prospective lender does all the deep digging and checking into your financial background, like your credit report, to verify the type of loan you could receive, plus the interest rate you'd qualify for.

Prepared valuation analyses and cash flow models on prospective acquisitions using ARGUS; and recorded acquisition / sale of 1031 properties on multiple entities Prepared quarterly financial reports for tax auditors using QuickBooks, including all supporting schedules for 10 - K and 10 - Q filings Created / Maintained lease briefs for newly acquired assets and performed due diligence for prospective acquisitions Managed and reconciled cash for company and 1031 exchange properties; and acted as primary contact for all treasury management issues Filed annual business property statement and recorded estimated income tax payments — state and federal Created accounting procedures manual and supervised / trained assistants to perform accounts payable tasks Consulted with property accountants to resolve discrepancies in monthly financial reports Provided executives, shareholders, lenders and investors with monthly, quarterly and annual financial reports Ensured compliance with loan covenants and tenant in common (TIC) agreements

In general, a salesperson representing the seller should advise prospective buyers about the property's financial status before they sign a purchase contract because the need for the lender's approval of such sales can affect the terms of the sale and the timing of the closing.

Lenders conduct «financial assessments» of every prospective reverse mortgage client during the application process to ensure you have the financial means to continue paying property taxes, homeowners insurance, homeowners association dues, and other property charges.

Preparation of a loan request package to prospective Lenders that details the subject property (location, description, pictures etc.), loan request and structure (loan amount, loan budget, loan type, loan term and preferred interest rate), net operating Income, estimated debt coverage ratio, estimated value, and highlights of the borrower's financial condition and experience.

Even worse, a prospective lender may ask you to pay property mortgage insurance, which will add thousands of dollars to the cost of your loan, says Deerfield Beach, Fla., financial planner Blair Shein.

Cordray said predictions that the CFPB's regulation of the mortgage industry would backfire did not come true, pointing to the Qualified Mortgage rule, which requires lenders to make sure prospective borrowers are in a position to repay a mortgage before closing the loan, as an example of how the agency has succeeded in its efforts to tame the lending business in the wake of the financial crisis.