Sentences with phrase «rather than borrower»

The «hard» in hard money refers to the fact that these lenders use an asset - based underwriting that focuses largely on the value of the property rather than a borrower's credit - worthiness and offers lower loan - to - value (LTV) rates than the banks do.

Financing sources typically would concentrate more on the anticipated return on an investment rather than the borrower's creditworthiness.

We are a direct lender focused on real estate equity rather than borrower credit and financials.

Given that our loans are based on the value of an investment property rather than the borrower's credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale.

Secured debt allows the borrower to shift the lender's focus to the liquidation value of assets rather than the borrower's creditworthiness.

The opposite of secured debt / loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may only satisfy the debt against the borrower rather than the borrower's collateral and the borrower.

Hard - money loans are usually completed in a few days, as it's much easier to evaluate the property rather than the borrower.

We are a direct lender focused on real estate equity rather than borrower credit and financials.

In other lending markets, a drop in outstanding debt can reflect lenders writing off the debt rather than borrowers paying it down.

What all analyses seem to boil down to is that the student loan interest deduction serves the government rather than the borrowers.

Additionally, lenders providing new funds to pay off the maturing CMBS will be focused on the value of the property rather than the borrowers» potential proceeds when determining the amount of the new loan.

Not exact matches

The U.S. Consumer Financial Protection Bureau alleged that the company had encouraged struggling borrowers to take on forbearance agreements rather than income - driven repayment plans, effectively putting its own interests ahead of its customers.

U.S. mortgage insurance is thus based on the actual risk characteristics of the individual borrower rather than pooled across all citizens, as is the case in Canada.

Rather than helping to create opportunity in impoverished communities, some microloan programs have stymied growth as lending agents have pocketed much of the cash raised and placed borrowers in an inescapable cycle of debt.

Rather than disclosing the full extent of problems like fraudulent home appraisals and overextended borrowers, the bank adjusted the critical reviews, according to documents filed early Tuesday in federal court in Manhattan.

Rather than create a true ranking and assign each company a numerical value, we compared 16 top companies that were available to most people based on a set of criteria, and then identified those that are the best for specific types of borrowers.

Instead, banks should evaluate the AFC landscape, determine what they need from a working relationship with an AFC, develop a detailed request for proposals, and move forward into this new lending environment rather than hoping to hide behind the regulatory barriers that harm borrowers and the banks themselves.

In general, bridge loans are granted based upon the value of the property that serves as collateral rather than on the credit score of the borrower.

Decisions about loans are now being made by software that can take into account a variety of finely parsed data about a borrower, rather than just a credit score and a background check.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Borrowers who opt for Earnest student loan refinance options can call and speak with an Earnest employee, rather than someone at a third - party servicer, to resolve any questions or issues that may arise.

For example, some lenders are demanding forensic details about the borrowers» identity, including having all mortgage documents signed by customers and witnesses rather than electronically submissions without a paper copy.

Southeast Asia's largest economy would rather use fintech platforms for their financial needs rather than the country's more well - established banking institutions with regulations being proposed to safeguard investors and borrowers alike, Indonesia's fintech industry is set to expand even further.

Indeed, with the extent of the falls that have been observed in parts of the US, [9] it can make sense for the borrower to walk away from the loan and the house, particularly if they are an investor rather than an owner - occupier.

This is a normal experience in an economic expansion: as economic activity normalises interest rates do the same — though of course it is the interest rates borrowers actually pay, and that savers receive, that are important rather than the cash rate per se.

Evergreen funding has also been used to describe a revolving credit arrangement in which the borrower periodically renews the debt financing rather than having the debt reach maturity.

Rather than providing affordable credit to their borrowers.

Banks initially responded to the competition from mortgage managers by product innovation aimed at new borrowers, rather than cutting their main standard variable interest rates.

«Student - loan borrowers are sending big payments every month to their loan servicers rather than becoming first - time homebuyers.»

Peer - to - peer (P2P) lending, also known as crowdlending, is similar to bank loans in that borrowers receive funding and are required to make regular monthly repayments with interest, but the funds are raised through a crowd of investors rather than a bank.

Congress should instead focus on fixing the real problems in student lending rather than wasting taxpayer dollars on borrowers who need help the least.

Unlike every other forgiveness program, Perkins borrowers apply for forgiveness through their school rather than the federal government.

Because the main difference between the two groups is their access to different loan policies, any differences in default rates are likely due to tighter bankruptcy standards and wage garnishment policies rather than other factors, like changes in borrower profiles or the economic environment.

It's true that you «lose money every time someone borrows rather than buys» your book, but since some of those borrowers wouldn't have paid for the book in the first place and only read it and found out about you because they were able to borrow it, I think that in the end book - lending is a great tool for everyone involved.

As more kids become device users rather than momentary device borrowers I think we'll see the print / digital split in children's publishing change dramatically, but at the moment we're still in a print - first world for kids» books.

Loans secured by your home will generally have lower interest rates, approximately 3.5 % to 6.5 %, than loans secured by the solar panel system, which range from 3.5 % to 13.24 %, because the borrower can repossess a larger asset with more value — your home — to recover the full balance due rather than a solar system that has likely lost part of its value over time.

Borrowers with good credit could potentially save money by choosing a conventional loan (with PMI) rather than an FHA loan (with the two MIPs).

This is because the payment structure enables high - income borrowers to put their money towards other investments rather than spend it on building equity in their home.

Given today's current mortgage rates, present loan limits and attendant insurance costs borrowers with an interest in an FHA mortgage may want to consider financing or refinancing now rather than later.

All borrowers must decide on the necessity of taking an unemployed personal loan now rather than on down the road.

~ Allows borrowers to keep their assets deployed and working for them rather than liquidating to meet large down payment requirements.

This specialty program allows borrowers to qualify based on a unique twist; borrowers qualify based on property cash flow, rather than debt - to - income ratio (DTI), which can be more restrictive.

>> >» Rather than go into foreclosure, eligible borrowers can refinance with FHA and lenders can voluntarily write down the outstanding subprime mortgage principal balances.»

A hard money loan is an asset - based loan through which a borrower receives funds secured by the value of their property or assets, rather than credit.

These borrowers may be supporting multiple car loans rather than one luxury vehicle.

Adding various kinds of restrictions and extra conditions to the loan reduces the lender's uncertainty about when they'll be receiving money, and also gives them a greater range of legal recourse to get it sooner (since they can pursue the borrower right away if they violate any of the conditions, rather than having the wait until they die without having paid their debt).

I don't see PSLF going away for those currently eligible, but I can see it potentially going away for future borrowers — so take action sooner rather than later.

They offer short - term cash advances in exchange for access to the borrower's deposit account via post-dated check or electronic transfer authorization, and often require a lump - sum repayment, rather than installments.

As generous as the PSLF program was in 2007, the program became significantly more generous when the Obama administration introduced PAYE and REPAYE — two repayment plans that required borrowers to make monthly loan payments totally only 10 percent of their adjusted gross income rather than 15 percent.

Rather than defaulting because their rate adjusted up and the payments were unaffordable, most troubled borrowers (58.3 %) reported being delinquent because of a decrease in household income such as a job loss.