Sentences with phrase «than borrower credit»

We are a direct lender focused on real estate equity rather than borrower credit and financials.

We are a direct lender focused on real estate equity rather than borrower credit and financials.

Not exact matches

Borrowers end up with less - than - prime credit scores for all sorts of reasons, some of which are beyond their control.

As in the credit card market, lenders are loosening their standards and letting some borrowers take on more debt than they can afford.

Or if you're looking for a mortgage, one credit bureau might rely on a different FICO algorithm that gives them a more accurate picture of whether you're a better mortgage borrower than, say, a car loan borrower.

In general, bridge loans are granted based upon the value of the property that serves as collateral rather than on the credit score of the borrower.

Parent PLUS borrowers are often especially attractive candidates for refinancing, as well, as you probably have a stronger credit profile and income than new graduates.

Decisions about loans are now being made by software that can take into account a variety of finely parsed data about a borrower, rather than just a credit score and a background check.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

It sent buyers to eight dealerships in eastern Virginia and found that white borrowers with weaker credit profiles got less expensive financing options and more favorable treatment than their nonwhite counterparts who were more financially qualified.

Many credit unions are willing to work with borrowers who have poor to fair credit, and they may be able to offer you an unsecured loan and / or a lower interest rate than OneMain.

In some cases, borrowers with excellent credit scores can negotiate for a lower origination fee than the one proposed on the Loan Estimate.

Although you could qualify for an FHA loan with a credit score as low as 580, your interest rate will likely be higher than a borrower with a credit score of 700 or more.

Like borrowers with exceptional credit, however, you'll need to have more than a very good credit score to get the best deal on your interest rate, mortgage fees and other considerations.

And, a borrower with this credit score should expect to have less options than a higher score and pay a high interest rate.

Though borrowers with excellent credit, or borrowers with cosigners with excellent credit, may receive a loan with an interest rate lower than the government offers, it is uncommon.

For those borrowers that a want a short - term line of credit, a Kabbage line of credit makes more sense than a two - year LendingClub line of credit.

Based in Silicon Valley, Upstart.com was founded in 2012 with the core belief that borrowers are more than their credit score.

Online lenders like OnDeck will work with a borrower who has a slightly lower credit score than that, provided they have a healthy business and can demonstrate that their business is able to repay the loan.

Online lenders like SoFi, Earnest and LightStream all cater to borrowers with excellent credit and have rates starting lower than 6.99 %.

The borrowers would benefit from Lending Club's lower rates compared to the high interest and fees they were paying to banks on their credit card bills; at the same time, investors would earn better interest rates than on CDs from a bank.

In this scenario, the borrower with the higher credit score saves more than $ 3,800 over the course of a four - year loan.

While APRs are on the higher side due to the lower credit score requirements, the company can offer APRs lower than 20 % if the borrower has strong enough credit.

Unlike other lenders that cater to borrowers with poor credit, OnDeck offers large loan amounts of up to $ 500,000 and terms longer than one year.

In addition, borrowers who have lump - sum payments made on their behalf under a student loan repayment program administered by the U.S. Department of Defense may also receive credit for more than one qualifying PSLF payment.

LendingClub, for instance, has greater time in business and credit requirements than OnDeck, requiring businesses to be at least two years old and borrowers to have credit scores of at least 620.

And as that credit continues to improve a bank or lender will continue to see you as an even «better borrower» than you were before.

Borrowers repaying their private student loans may have much better credit than they did when they first borrowed for college.

That's because they have higher credit scores than the average borrower, and / or they are paying more money up front in the form of discount points.

Borrowers with fair to average credit — which means they have credit scores between 630 and 680 — will face more difficulty in getting personal loans than borrowers with gooBorrowers with fair to average credit — which means they have credit scores between 630 and 680 — will face more difficulty in getting personal loans than borrowers with gooborrowers with good credit.

Borrowers with excellent credit and a history of managing similar mortgage payments could still qualify for an FHA loan, even if their DTI is higher than 43 %.

For example, a borrower with an excellent credit score might qualify for a lower rate than someone with credit problems in the past.

That's important because interest rates awarded to very creditworthy borrowers can be as much as 5.00 % to 6.00 % lower than those offered to borrowers with the worst credit scores.

We encourage borrowers to understand the difference between average and minimum credit scores, and to get offers from more than one lender.

This kind of transaction is often more cost - effective than a short - term loan, especially if the borrower has a low credit score because the loan depends on the credit quality of the borrower's customers, not the borrower's.

They are requiring borrowers to have higher credit scores and larger down payments than in the past.

This is one reason why borrowers with excellent credit get access to lower mortgage rates, on average, as compared to borrowers with less - than - perfect credit.

Borrowers who are interested in an FHA Purchase Loan must be able to make a down - payment of at least 3.5 % (which can be a gift), must live in the property they are purchasing and have a debt - to - income ratio no higher than 50 - 55 % (depending on their credit history).

In fact, many lenders won't even consider offering a home loan to a borrower with a credit score less than 620.

Research from VanCity credit union shows that British Columbians are turning to payday loans more than in any other province, with a 58 per - cent increase in the number of borrowers between 2012 and 2014, and with most borrowers saying that they need emergency cash just to pay for necessities.

While an FHA Cash - Out loan may be a great option for many current FHA borrowers, it should be noted that borrowers with good credit and more than 20 % equity in their homes are often better served by refinancing into a conventional loan.

Both of these figures are lower than the average credit score and income of a SoFi borrower.

FHA mortgage rates can be 100 basis points (1.00 %) or more below rates for similar conventional home loans, especially for borrowers with less - than - perfect credit.

Conventional low - downpayment loans such as HomeReady ™ and Home Possible ® could come with higher - than - average rates, as could conventional loans to lower - credit borrowers.

This turns out to be a good deal for borrowers because they get a better interest rate than they might through a traditional bank loan or credit card.

Interest rates can also vary, but it's usually best for prospective borrowers to obtain fixed - rate loans with the lowest amount to avoid paying more than they would if they simply continued paying down their credit card debt.

Evergreen funding has also been used to describe a revolving credit arrangement in which the borrower periodically renews the debt financing rather than having the debt reach maturity.

Rather than providing affordable credit to their borrowers.

Since there are no banks or credit lenders involved, borrowers are able to qualify for loans with much lower interest rates than they could otherwise.

Additionally, some online lenders have credit requirements that are less strict, allowing them to service borrowers with less - than - perfect credit.