Sentences with phrase «same lender»

Granting credit approval depends on the willingness of the creditor to lend money in the current economy and that same lender's assessment of the ability and willingness of the borrower to return the money or pay for the goods obtained — plus interest — in a timely fashion.

As an example, we obtained a pair of online mortgage estimates from the same lender.

If you have several loans with the same lender, you may wish to specify that the extra payment be applied to a specific loan.

«You don't have to use the same lender for a home equity loan as you did for your original mortgage,» Volpe says.

These loans may be made by the same lender that will make the long - term financing.

As such, the refinancing lender will request a payoff statement from your current mortgage loan holder (even if it's from the same lender).

At the end of the term you can either pay off your mortgage, or renew with the same lender or another lender at terms of your choice.

When it's time to refinance your Illinois mortgage you can work with the same lender or shop around to see if you can find a lender who will offer you a lower interest rate and / or more favorable loan terms.

It is always possible to refinance with the same lender but it is highly unlikely.

You can always try to apply at other lenders or even reapply at the same lender at a later date.

Whether it's to come up with a ten percent down payment rather than a five percent down payment or a gentleman's agreement to use the same lender for future needs, there is often something that can be done to lower the cost of this loan.

And whether you use the same lender or another lender, you'll be subject to complete documentation and verification of your income, your assets, your debt - to - income ratio, your credit profile and your job history.

Upon doing so, you will qualify, in most cases, for an unsecured version of the personal loan with the same lender.

The fact that the majority of college loans taken out by students are from private lenders means many of these same lenders offer student loan consolidation programs.

The payments is due once a month, on the same day, to the same lender.

Collateral mortgages can be good if you plan on taking out an Equity Line of Credit or if you plan on staying with the same lender in the future, but will cost you more if you need to break your mortgage or transfer to a different lender in the future.

It can also make getting a mortgage a little easier, if you get your home loan from the same lender, because the lender will already have financial information about you that's essential to getting a mortgage.

If you choose an interest only loan, you'd probably want to contact the same lender that granted you your current loan as it will doubtless be cheaper to refinance with your existing loan lender than with another financial institution.

Prequalification through a lender doesn't have to commit you to finance your home through that same lender.

You can refinance with the same lender that is currently handling your home loan, but don't stick to the first offer you receive.

If you're refinancing your student loan with the same lender that holds your existing loan, then your lender closes out your current loan account and issues you a new student loan at your new loan terms.

A online payday loan has a fixed fee based on the money you borrow, however, taking out an additional loan with the same lender will attract rollover fees — this is the original amount and fixed fee, plus the fee for the subsequent loan.

Remember that secured loans may have lower APR than unsecured offers from the same lender.

Later, after you've made an offer to buy a house, you would go back to the same lender for final approval.

It is often confusing to spot the differences between federal loans and private loans because the same lenders are often involved and schools sometimes put their names on private loans.

You must get the main loan and the assistance from the same lender, and not all lenders offer these programs.

If the unsubsidized loans are from the same lender, ask them too.

The common doubts about this matter are: whether re-consolidation is possible or not, whether you can re-consolidate with the same lender or with a different one, whether a new loan is needed for re-consolidating or not, and finally and probably the most important question of all: which loan types can be re-consolidated and which ones can not?

As of now, do not be in a hurry to switch to a different lender or switch to different home loan plan with the same lender.

These fees can be minimal if borrowers pursue a refinance with the same lender who generated their purchase loan.

But when it comes to private student debt, there is absolutely no obstacle to consolidate with a different lender or with the same lender (if he is willing to).

For instance, we work with private mortgage lenders in Ajax who consider the critical «loan to equity» value of your home when deciding whether to approve the second mortgage, and most of these same lenders will finance a home for more than 80 % percent of its value (in some cases they're willing to finance a home at more than 85 %).

Remember, you do not have to refinance your mortgage with the same lender that provided your original mortgage.

In the year you pay off the loan — because you sell the house or refinance again — you get to deduct all the points not yet deducted, unless you refinance with the same lender.

These loans may be made by the same lender that will make the long - term financing.

I went with the same lender and was able to reduce the closing costs significantly.

However, the extra interest paid could be considered an investment in building a great credit history, and paying the loan off will usually result in lower rates of interest on subsequent loans that you might take out from the same lender.

Thus, there will not be many hassles if you have to go through an approval process with the same lender as compared to what you would have to go through with another lender.

When you apply for an additional unsecured loan with the same lender, you get to make a single monthly payment every month instead of several payments like you would have to make if you took different loans from different lending institutions.

When you request an additional unsecured loan with the same lender, there are basically two methods that can be used to provide the money.

As an example, we obtained a pair of online mortgage estimates from the same lender.

You are not required to renew with the same lender.

It can be helpful to work with the same lender from application through your loan being paid in full.

Since you're obtaining a new mortgage, you don't need to use the same lender that has your current mortgage.

Staying with the same lender can be advantageous in that the lender will already have homeowners» paperwork and records on file and the lender may be willing to give more favorable terms to homeowners whose business they want to keep.

In 2 years they can either choose to stay with the same lender or move to another lender without penalty

If you have several student loans with the same lender, the financial institution applies the $ 600 threshold amount to the total interest paid on all of your loans; you may get a separate Form 1098 - E for each loan, though.

Mortgage broker Kelly Wilson, co-owner of the Wilson Team mortgage brokerage in Ottawa, says a majority of Canadians renew with their same lender, but it's still important to check out your options.

But then Joe would be in a similar situation of not being able to prove that he would have gotten the loan after the fix - because once he's been denied, he'd be much more likely to be denied again especially by the same lender with an application only a short time later.