Sentences with phrase «same type of lender»

Multiple inquiries from the same type of lender are scored as a single inquiry if received within a short period of time.

Not exact matches

In the same way there are different types of lenders, there are different types of equity investors.

Instead, you work with private lenders to find and manage the loans, much the same as with other types of lending.

Unlike many lenders, Equity Prime is not limited to working with only one type of borrower, which means that people of all financial and credit profiles receive the same impressive cost - saving benefits.

With plenty of different mortgage types, it's unlikely that the bank won't have a solution that makes sense for you — even if its interest rate is about the same as at most other lenders.

Despite the same student debt levels, lenders all have different criteria, so you might be an ideal candidate for Lender A, but Lender B has had a bad experience with your type of credit history.

Conventional mortgage loans and FHA loans are two of the most popular types of home financing available, and their major difference comes down to insurance — FHA loans are backed by the government, meaning your lender is protected in the case that you default, whereas conventional loans do not provide the same security.

Many lenders also take these same factors into account when deciding what interest rate to charge or type of product to offer.

Lenders want to know that you know how to manage your money as well as handle different types of accounts at the same time.

Instead, you work with private lenders to find and manage the loans, much the same as with other types of lending.

It also provides the same type of data directly to lenders.

VA lenders are generally looking for at least two years of stable employment and income from the same employer and job type.

Remember, always provide each prospective lender with exactly the same information: price of the house, down payment, length of term, type of mortgage (s) you are considering, and your credit score.

A FICO score is a specific type of credit score administered by the Fair Issac Corporation that considers the same factors as many of the major credit bureaus, in addition to a potential borrower's credit report to arrive at a numerical evaluation of their «creditworthiness» or likelihood they they'll be a low - risk borrower for the lender to take on.

The industry has long argued the rule was written assuming all mortgages were the same without taking into account the different types of lenders and mortgage products.

If the consumer group has its way, we could eventually have free access to the same credit scores lenders use when considering us for car loans, mortgages and other types of financing.

Tips to this type of referral are that the Loan Officer works for the same company, they share office space, or if you have already told your Real Estate Agent you have a lender you are happy with, and they become pushy or start talking negatively about your choice to get you to go to their choice.

Today's independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan, yet they may not have the same type of staffing as a traditional lender.

The CFPB accused Experian of saying its scores provided the same type of information that lenders use to assess credit.

First of all when you compare different lenders you should compare loan products of the same type (e.g. 30 - year fixed).

And a consumer, it's understandable to want to see the same information that lenders see when checking your credit.However, there are different types of credit scores -LSB-...]

With older credit scoring models, lenders treat collections accounts all the same, regardless of whether they are paid or unpaid and regardless of what type of debt it is.

Industry - specific FICO ® Scores are grounded in the same algorithm as base FICO ® Scores, but are tweaked to provide lenders a further - refined credit risk assessment tailored to the type of credit the consumer is seeking.

The «law of multiples» which can take many forms such as multiple lawyers doing the same type of work (or based on the same guidance) that leads to class action potential when there's an allegation that they all did it wrong; or the same lawyer is sued over doing the same (alleged wrong) thing multiple times; or a lawyer undertakes many mortgage transactions without considering that there are red flags that need to be brought to the attention of the lender — such as a significant increase in the value of the property in a very short period of time or inexplicable credits.

The «law of multiples» which can take many forms such as multiple lawyers doing the same type of work (or based on the same guidance) that leads to class action potential when there's an allegation that they all did it wrong; or the same lawyer is sued over doing the same (allegedly wrong) thing multiple times; or a lawyer undertakes many mortgage transactions without considering that there are red flags that need to be brought to the attention of the lender — such as a significant increase in the value of the property in a very short period of time or inexplicable credits.

What confounds matters even further is that what makes for a good credit score when applying for certain types of loans or accounts may not be the same for others, since many lenders have their own perceptions of what constitutes good credit.

Online score: Hundreds of online companies offer credit scores to consumers, but while the data comes from the same three credit reporting agencies, it often applies general criteria not designed for any specific use and therefore isn't a good source to determine how a certain type of lender may view you.

Lenders must now apply the same restrictions for high - ratio mortgages to the entirety of their insured mortgage books, regardless of their equity, meaning the following product types will no longer qualify for portfolio insurance:

While fix - and - flip and rehab - to - rent might seem like the same type of loan, the strategies behind it are different which is why lenders specialize in one more than the other.

If you are going to ask for more than one loan from the same lender, either as yourself, as a co-borrower or through an entity, most lenders will require cross-collateralization to consider underwriting this type of loan.

If the purchase money loan for any type of real property is financed by the seller and secured by that same property, the lender / seller may not obtain a deficiency judgment against the defaulting borrower / buyer..

«They don't do enough deals with an individual lender to develop that same type of intimacy.»