Sentences with phrase «risky type of mortgage»

This is the traditional mortgage and it's an attractive option it is a reliable and less risky type of mortgage.

A first mortgage is the least risky type of mortgage and will have rates that are lower than those of second mortgages.

This is the least risky type of mortgage and usually, has lower rates than subsequent loans.

Not exact matches

The bureau's rules have made it less attractive — though not illegal — for mortgage lenders to make some types of risky loans that went bad and sparked last decade's financial crisis.

At a time when so many other types of mortgages seemed to have failed, fixed rate FHA home loans have grown in popularity as borrowers shy away from more risky alternatives.

Many lenders prefer to offer mortgages since they are a less risky type of loan.

These types of lenders may also offer mortgage loans with high loan - to - value ratios (LTV) and limited documentation, or a combination of the aforementioned that make for aggressive lending practices traditional banks may deem too risky.

Mortgages are one of the least risky types of loans for lenders since they are able to recover their money through a property sale in the case of non-payment.

Interest - only mortgages have gotten a lot of ink lately, but there's another type of potentially risky home loan that deserves even more scrutiny, according to some in the real estate industry.

Because it is riskier for the bank to lend money to someone with an unverified income, expect your mortgage interest rate to be higher with either of these types of loans than with a full - documentation loan.