The phrase
"qualified borrowers" refers to individuals or businesses who meet certain criteria and are considered eligible to receive a loan or credit from a lender. They have shown the necessary financial stability, income, and creditworthiness that makes them suitable and trustworthy to be granted the loan.
Full definition
Check out our monthly 2nd mortgage specials with low rate incentives for selected second mortgage loans
for qualified borrowers with reduced costs and free appraisal offers for a limited time.
While it does allow
qualified borrowers who are stuck in variable - rate mortgages to refinance into affordable, fixed - rate mortgages, there is a trade - off known as equity sharing.
Guaranteed Rate is a good starting point for
highly qualified borrowers, with competitive mortgage rates and a strong online platform.
If there is, in fact, some degree of easing with credit score standards, it could create a larger pool of
qualified borrowers in 2014.
If there is, in fact, some degree of easing with credit score standards, it could create a larger pool
of qualified borrowers in 2014.
But what was designed to help more first - time homebuyers and
other qualified borrowers jump into the market has struggled to get off the ground due to lender fears and even borrower misconceptions.
Our data - driven evaluation of your full financial profile gives us the ability to
offer qualified borrowers lower, more personalized rates than traditional lenders can.
Higher living expenses, health care, and education costs coupled with diminishing returns on savings and investments are making it more challenging for
otherwise qualified borrowers to save 20 % down.
Private student loans are made available to
qualified borrowers from a variety of private lenders, including banks, credit unions, and online lending platforms.
Many qualified borrowers will find the terms favorable over similar products, particularly other loans that allow low down payments.
We help people find companies that can finance
qualified borrowers up to $ 500,000 with a quick second mortgage.
This approach should allow lenders to offer sustainable mortgage credit to a great number of
qualified borrowers without having to risk unreasonable and overly punitive litigation and penalties.
When taking out a private loan, the interest rate will depend upon the borrower's creditworthiness, including their credit score, with well -
qualified borrowers receiving the more competitive interest rates.
In other words, lenders will now be obliged to do what they should have been doing all along, i.e.
actually qualifying borrowers before selling them a mortgage.
This kind of rigidity will keep
qualified borrowers out of the market and delay any significant recovery in the housing market.
The reason, it seems, is that many highly
qualified borrowers go to their personal banking institutions for jumbo loans instead.
Even if you're pre-approved, the lender must now go through their full underwriting process to verify you as a
truly qualified borrower.
Qualified borrowers stand the best chance at reducing their interest rate through this method, but keep in mind that you'll be giving up all federal benefits.