Sentences with phrase «set by your lender»

It's just that many banks are not able to properly scale their resources to include all deserving borrowers, even if small - business owners do meet the stringent standards set by lenders,» says James Walter, founder and CEO of BBC Easy, a provider of automated loan management software for financial institutions.

That also means that the interest rates for these loans are set by the lenders, based on the borrower's credit history and / or other underwriting criteria determined by the lender.

First, the interest rates applied to private student loans are set by the lender, not the federal government, and may be either fixed or variable.

Overview [edit] The interest rates are set by lenders who compete for the lowest rate on the reverse auction model, or are fixed by the intermediary company on the basis of an analysis of the borrower's credit.

How much a mortgage prepayment penalty costs will depend on your remaining balance, mortgage rate and the rules set by your lender.

Private student loan rates are set by lenders based on financial market rates, particularly what is happening with the London Interbank Offered Rate (LIBOR), a benchmark interest rate used as a reference for many types of loans.

Hence, they «conform» the the underwriting rules set by the lender and / or agency.

Borrowers pay a rate of interest set by lender for the life of the loan.

For younger students, who do not have sufficient credit history, monthly payments on private student loans could be hardly bearable, as the interest rate set by lenders is typically very high to offset potential risk of default.

But while these may well be true, the fact remains that the credit score will affect the interest rate and the loan limit set by the lender.

Private student loan interest rates are set by the lenders themselves, but they are all based on the market rate set by the US Treasury, the benchmark for loan products in the United States.

Again, this is usually set by the lender, but it could be negotiable.

A 3 year fixed mortgage plan means that you are bound to the interest rate set by your lender for three years.

And besides, if the criteria set by the lender are satisfied, then there is room for optimism.

For those of you just getting started, your mortgage interest rate is the fee for the amount borrowed set by the lender.

Unlike federal loans that have fixed interest rates that are adjusted each year, private loans interest rates are set by the lender and can vary based on a number of factors including your credit score and the amount borrowed.

Once a borrower is beyond the introductory interest rate period, his or her interest rate will fluctuate according to the index and margin set by the lender.

The index rate is not set by the lender; it is based on the London Inter-Bank Offered Rate (LIBOR).2; The index rate typically changes monthly as economic conditions change.

Interest rate is tied to a rate index set by the lender and may change periodically during the life of the loan.

If you have a steady job with a regular income, you probably meet the minimum requirements set by our lenders for getting an income tax loan.

Target overnight rates influences the Prime rates set by lenders.

Your actual rates and terms will be set by your lender, and they may be lower than the maximums listed below.

These payments, in addition to your new mortgage, can not exceed the maximum debt - to - income ratio set by your lender.

First, the interest rates applied to private student loans are set by the lender, not the federal government, and may be either fixed or variable.

If you refinance your federal loans, you not only lose out on the opportunity to apply for an income - driven repayment program, but you are then also responsible to meet the minimum monthly payment set by the lender you take your new loan out from.

This means that even if your income is low, you're unemployed, or you're having some other kind of financial crisis, you are still required to make your monthly payments set by the lender.

Rates and credit limits are set by lenders and based upon a credit evaluation, collateral (in some cases), and any servicing requirements.

The main factors are income, debt, down payment, and the term of the loan set by the lender.

Top up Loan is a facility provided by banks or loan lenders to its existing customers to borrow a certain amount over and above their already existing loan, subjected to required terms and conditions as set by the lender.

If your income is not up to the requirements set by the lender, your credit card application will be denied.

Like other loans, private student loans have either a fixed or variable interest rate that is set by the lender.

Of course, in cases where you're still paying on a mortgage, the minimum amount of coverage you carry will be set by your lender; however, having more than the minimum is often very beneficial.

The index rate is not set by the lender; it is based on the London Inter-Bank Offered Rate (LIBOR).2; The index rate typically changes monthly as economic conditions change.

The margin portion of the variable interest rate is set by the lender.

In addition to personal qualifying factors, a property must also meet certain standards set by lenders before a borrower can obtain a mortgage loan secured by real estate.

Borrowers who finance with a conventional loan must provide a minimum 5 percent down payment and are subject to conditions set by their lender and state statutes.

For most home buyers, the amount they can spend is set by the lender they choose.

With most lenders you'll need to meet the minimum thresholds set by the lender.

Payments are calculated by adding the margin set by the lender to the particular index.

The initial rate is lower than the current market rate and is fixed for the specific adjustment period set by the lender at the origination of the loan.

Not exact matches

Other times, the terms set out by a traditional lender might not be agreeable, or a company could require a little more guidance than a bank would provide.

The (SBA) has set guidelines for small business loans offered by private lenders which may make them more accessible to you than other loans.

Your APR can vary, as it's based on the U.S. prime rate (set by the Federal Reserve) and whatever additional margin your lender tacks on.

, as it's based on the U.S. prime rate (set by the Federal Reserve) and whatever additional margin your lender tacks on.

If the lenders adhere to specific lending terms, interest rate caps, and other criteria set out by the SBA, the agency will share the risk with the bank, making small business lending more attractive to the bank.

The loan term is set by the private lender and can be for up to 10 years.

You might find lenders willing to fudge the numbers a bit, but many lenders will stick with the requirements set out by Fannie Mae and Freddie Mac.

Your credit score, income, down payment size, and other factors used by other lenders to set home loan terms are the basis for your mortgage interest rate.

Now that you have information on the criteria lenders have set for the loans, you can qualify for loans by fixing the problems which are getting in the way of you getting a loan.

Colorado amended its payday loan law in 2010 to set a minimum six - month term for loans based on checks held by the lender.