Sentences with phrase «than a borrower whose»

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Federal loan borrowers whose bills are more than 10 % of discretionary income, and who started borrowing money for school after July 1, 2014.

In general, these Income - Driven Repayment plans are best for borrowers whose monthly payment on their federal loans is more than or a sizable portion of their discretionary income.

Federal loan borrowers whose bills are more than 10 % of discretionary income; who were new direct loan borrowers on or after Oct. 1, 2007; and who took out another direct loan on or after Oct. 1, 2011.

In group two, we excluded borrowers whose calculated savings represented more than 95 percent of their loan balance, as this is likely an indicator of a data entry error.

Lenders are looking for borrowers whose debt to income ratio is below the 30 % mark so if you're spending more than a third of your income servicing debt each month, chipping away at the balances can boost your odds of getting approved for a loan.

For instance, the Fannie Mae HomeReady loan only allows borrowers whose incomes are less than or equal to the median income for their neighborhood.

The central banker also warned against taking comfort in statistics that show, on average, growth in Canadians» assets are vastly outpacing their debts, pointing to other countries whose banks made the «classic mistake» of lending based more on borrowers» assets than their liabilities.

Some, called jumbo loans, are for borrowers whose loan amounts are higher than the conforming loan limits in their areas.

Available to low - and moderate - income borrowers whose adjusted income is equal to or less than 115 % of the area median income

With good credit, it may work with borrowers whose debt - to - income ratio is more than most banks are willing to consider, although it prefers to work with clients who have lower debt to income ratios.

The most notable of these programs is the Home Affordable Refinance Program, which is a loan - refinancing program for borrowers whose homes are worth less than the value of their outstanding mortgage loan.

These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.»

The same is true for borrowers whose tax returns reflect a lower income than their neighbors.

The numerator of the calculation is the total original outstanding principal balance of FFEL and Direct Loans for borrowers who entered repayment in FYs 2007 and 2008 on loans that have never been in default and that are fully paid plus the total original outstanding principal balance of FFEL and Direct Loans for borrowers who entered repayment in FYs 2007 and 2008 on loans that have never been in default and, for the period between October 1, 2010 and September 30, 2011 (FY 2011), whose balance was lower by at least one dollar at the end of the period than at the beginning.

On average, undergraduate private loan borrowers are about three years younger (23.5 years) than undergraduates without private loans (whose average age is 26.6 years).

In group two, we excluded borrowers whose calculated savings represented more than 95 percent of their loan balance, as this is likely an indicator of a data entry error.

Meanwhile, RealityTrac reckons 6.1 million borrowers whose homes were underwater (they owed more on their mortgage than the market value of their property) at the height of the housing crash now have their heads above water again.

«The campaign will target borrowers whose grace periods will end soon, borrowers who have fallen behind on their student loan payments, borrowers with higher - than - average debts, and borrowers in deferment or forbearance because of financial hardship or unemployment,» Brenda Wensil, the chief customer experience officer for federal student aid, wrote in a notice posted online Friday.

Some, called jumbo loans, are for borrowers whose loan amounts are higher than the conforming loan limits in their areas.

A «prime residential mortgage», according to the Federal Reserve, is a mortgage for a borrower whose credit scores are 740 or higher; whose debt - to - income ratios are lower than average; and, whose mortgage features the standard amortization schedule common to a fixed - rate or an adjustable - rate mortgage.