Sentences with phrase «solely on the borrower»

Most mortgage lenders base their approval process solely on the borrower's personal income.

Most mortgage lenders base their approval process solely on the borrower's personal income.

aka the «point» of banking) SOLELY on the borrowers income potential and asset holdings.

In fact, HUD prohibits FHA lenders from denying an application based solely on a borrower's lack of credit history.

In fact, HUD prohibits FHA lenders from denying an application based solely on a borrower's lack of credit history.

Not exact matches

Other remedies a borrower might consider is to get a co-signer for the loan, which might reduce the required collateral, or to borrow using an SBA - guaranteed loan, which will not be declined solely on the basis of inadequate collateral.

Some lenders, not all, might perform a soft credit check / profile check on borrower's profile which solely depends on the quick cash loan amount and in which state you are borrowing.

Over time, the interest on a student loan can make it difficult for a borrower to pay down the principal on a loan, as many of the initial payments will go solely towards paying off the accumulated interest.

The main difference of private student loans is that they are, in most cases, based solely on the credit of the borrower and, if applicable, his or her cosigner.

We think that no mortgage should be sold solely on the basis of initial monthly payment, let alone see borrowers qualified at artificially - low interest rates.

Also, because HomeBridge's concentration is solely on the mortgage industry, our associates never pressure borrowers into opening up a savings account or signing up for a new credit card.

That is why we carefully designed the guidelines of the FHA Short Refinance Option to discourage borrowers from purposefully becoming delinquent on their loan, otherwise known as strategically defaulting, solely to receive a principal writedown.

In addition, they may have investors that will look at the global financial picture and cash - flow of borrowers and not base their underwriting decision solely on debt to income ratios.

The best use of home equity loan money depends solely on the financial needs of the borrower in Mississauga.

Home equity lenders do not restrict borrowers on how to use the money, unlike traditional lenders who can reject applications based solely on the reason for needing credit.

Some lenders depend solely on LTV but others are also sensitive to a borrower's employment and credit history.

It is generally true that you can not get a student loan if your credit score is not good; but some do not rely solely on the FICO score to make approval, they will look at all of your credit history into consideration when evaluating a potential borrower's loan application.

That higher risk comes into play because credit life insurance is what's known as a guaranteed issue product, meaning that eligibility is based solely on your status as a borrower.

The qualifying income limit is based solely on the income of the borrower (s), as verified by your lender.

The lender provides an opinion of the loan amount that you can borrow based solely on what you, the borrower, tell the lender.