Sentences with phrase «specific types of borrowers»

Therefore, they often operate differently and target specific types of borrowers.

Rather than create a true ranking and assign each company a numerical value, we compared 16 top companies that were available to most people based on a set of criteria, and then identified those that are the best for specific types of borrowers.

Not exact matches

Second, the tax bill may do away with 2 specific types of municipal bond issues: tax - exempt advance refundings, which are tax - exempt bonds issued to refinance existing municipal debt, and private activity bonds, which are issued by non-government borrowers such as hospitals, airports, and private universities.

A hard money loan is a specific type of asset - based financing where a borrower receives funds secured by equity in real estate.

(A) The term and principal amount of the loan; (B) An explanation of the type of mortgage loan being offered; (C) The rate of interest that will apply to the loan and, if the rate is subject to change, or is a variable rate, or is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (D) The points and all fees, if any, to be paid by the borrower or the seller, or both; and (E) The term during which the financing agreement remains in effect.

Installment loans are the types of loans that require the borrower to pay specific amount every month over a certain period until the total loan amount including interest is liquidated.

You need to find out what rate the lender is willing to offer you, based on your specific qualifications as a borrower, and the specific type of loan you seek.

A closed mortgage, also known as a long - term mortgage, fixed mortgage or closed - end mortgage, is a type of home loan where the borrower agrees to follow specific repayment rules.

The program's rules are unusually complicated, and require borrowers to have a specific kind of loan (a direct federal loan), to make monthly payments under one type of plan (income - driven repayment) and to work for a qualifying employer (generally a public sector organization, or a 501 (c) 3 nonprofit organization).

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.

As it turns out, there isn't a specific «profile» for a well - qualified borrower, the type of borrower who is offered the lowest mortgage rates available.

Two of those mortgage types, the HECM and jumbo reverse mortgage, each offer specific advantages to meet unique borrowers» needs.

It is best to ensure that the lender has sufficient experience in hard money lending and experience with the specific type of hard money loan requested by the borrower.

You need to find out what rate the lender is willing to offer you, based on your specific qualifications as a borrower, and the specific type of loan you seek.

A hard money loan is a specific type of asset - based financing where a borrower receives funds secured by equity in real estate.

The FHA construction loan process may be more complex than a new purchase loan for a property that already exists, but for many borrowers, the extra effort is definitely worth it to get the specific type of new home desired.

«We go out and look for our borrowers because we have very specific requirements for what types of borrower we will lend money to.

A hard money loan is a specific type of asset - based loan financing through which a borrower receives funds secured by real property.