Sentences with phrase «than traditional loan because»

Fannie Mae HomePath loans tend to close faster than traditional loan because an appraisal does not have to be completed... this saves about 7 days in the approval process.

2) Monthly housing expenses are higher than traditional loans because FHA requires a monthly mortgage insurance payment that is due with each loan payment.

Not exact matches

Despite their reduced initial payments, balloon loans are riskier than traditional installment loans because of the large payment due at the end.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

Because small businesses are considered higher risk than their larger cousins, the SBA loan guarantee helps banks offer more flexible loan terms, meaning borrowers can be approved even if they have fewer assets than what would be required with a traditional term loan at the bank.

Because these loans are pooled together and sold to investors, they behave a little differently than a traditional commercial real estate loan.

This form of lending is concerning for three main reasons: Like storefront payday lending, auto - title lending carries a triple digit APR, has a short payback schedule, and relies on few underwriting standards; the loans are often for larger amounts than traditional storefront payday loans; and auto - title lending is inherently problematic because borrowers are using the titles to their automobiles as collateral, risking repossession in the case of default.

Because these loans are securitized, they behave a little differently than a traditional commercial real estate loan.

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.

PAYE differs from traditional Income - Based Repayment (IBR) because, depending upon the date your student loans were initiated, PAYE may cap loan payments at a smaller percent of income than IBR.

Many choose hard money loans because they can be more reliable than traditional loans.

Because banks take on less risk than they would with a traditional loan, financing for veterans is more accessible.

Despite their reduced initial payments, balloon loans are riskier than traditional installment loans because of the large payment due at the end.

Finding a credit - builder loan can be a bit tougher than traditional types of loans because not all banks and credit unions offer them.

Personal loans from online banks, such as Capital One personal loans, typically have lower refinancing rates than traditional banks offer because of the lack of overhead costs.

Title loans are treated differently than traditional bank loans because they are secured.

Because they really are more like taxes than traditional loans, you can not discharge your student loans by declaring bankruptcy.

FHA Loans can offer much better loan terms than traditional mortgage loans because the loans are guaranteed by the federal government, so there is almost no risk invoLoans can offer much better loan terms than traditional mortgage loans because the loans are guaranteed by the federal government, so there is almost no risk involoans because the loans are guaranteed by the federal government, so there is almost no risk involoans are guaranteed by the federal government, so there is almost no risk involved.

Because these loans are pooled together and sold to investors, they behave a little differently than a traditional commercial real estate loan.

Private lenders could be a great option if you currently are unable to qualify for a traditional mortgage or loan because of a less - than - perfect credit, debt or if you're a self - employed individual who can't always provide proof of a steady income.

Because payday loans are convenient for those with unexpected expenses, the charges are higher than those of traditional loans.

Many lenders consider the increased flexibility of a business credit line higher - risk financing than a more traditional term loan because the business is borrowing in the future based upon their creditworthiness today.

That's because personal loan rates are (typically) lower than traditional credit options.

Because equipment loans are secured by the equipment you're purchasing, they typically have more lenient requirements and require less documentation than a traditional term loan.

Home equity loans are more popular than traditional bank mortgages because it is possible to customize them to your needs.

Many people, even people with stellar credit, will try and fail to secure a loan from a lender, because of the VA guarantee, underwriting guidelines are more relaxed than traditional loans.

Our interest rate might be higher than other lenders; however, it's because we are eliminating many factors that would normally not allow you to qualify for traditional loans.

Another option, look into a local credit union for a small loan because they are more lenient with credit scores than traditional banks but still report to credit agencies.

Some people turn to title loans because they have lower credit scores than what is accepted by traditional banks to approve a personal loan.

HELOCs typically have a lower initial interest rate than traditional fixed - rate equity loans; however, because HELOCs have variable rates, your rate could rise without warning.

One of the biggest reasons that ARMs are a great option is because they have a lower fixed rate than those of traditional loans in the first few years of the loan.

Credit unions tend to offer lower auto loan rates than traditional banks, largely because they are non-profit and pass their cost savings on to their members.

These loan types are popular among first - time buyers because they typically have lower rates and fees and greater flexibility than traditional loans.

Because they are a traditional bank, they offer student loans with much higher maximums than other companies.

Borrowers may choose to get a loan this way because it may offer loans with lower interest rates than they can get from a traditional lender.

However, this should be done with caution because the rates and interests of loans without credit check are also relatively higher than traditional loans.

Finally, you can get a tax refund advance regardless of the state of your credit, because the criteria used are different than those for a traditional loan.

If you have less than perfect credit you still can apply for an instant cash loan because our lenders don't do traditional credit checks so it makes qualifying easy.

Lenders who do business over the Internet can typically approve a greater number of applicants for the loan money that they need because they have more working capital and are often willing to absorb greater instances of risk than a traditional lending institution, bank, or credit union will.

Because it involves great risk to the lender, even greater if there are no credit checks done before getting your cash advance to you in an hour, there is more interest charged on a cash advance than for a traditional payday loan or a bank loan.

5) Auto Leasing Don't decide to lease a car just because the payments are lower than on a traditional auto loan.

Because these loans can fund much faster than traditional financing, they allow individuals to capitalize on opportunities or to solve problems.

Leasing is popular because it offers lower monthly payments than traditional auto loans and allows buyers to drive a more expensive, luxurious car than they could afford to buy.

The 203K loan is different than your traditional home improvement loan that needs equity for eligibility, because it enables financing to 115 %.

While OppLoans» interest rates are higher than traditional bank loans, that's because they're lending to a very different type of borrower — one who is likely to be rejected for a loan from other lenders.

Because small businesses are considered higher risk than their larger cousins, the SBA loan guarantee helps banks offer more flexible loan terms, meaning borrowers can be approved even if they have fewer assets than what would be required with a traditional term loan at the bank.

Because the 10 - year deal requires a balloon payment at the end of its term, however, it carries more refinance risk at the end of the lease than does a traditional net lease loan.

Because traditional lenders are subject to strict government regulations — even more so since the financial crisis that began in 2008 — you'll most likely be unable to secure a soft loan if you have less than perfect credit, even if you have the assets and the income to back up the amount you wish to borrow.

Because the potential loss on this type of capital is far higher than a traditional loan, the interest rates will also be higher as a result.

Real estate investors and developers commonly use these types of loans to fund their projects because they are easier and faster to obtain than traditional bank loans.