Sentences with phrase «to attract borrowers»

The phrase "to attract borrowers" means to make an effort or take actions that will encourage people to apply for loans from a financial institution. Full definition
By combining geography and topics in this manner, you'll have an easier time attracting borrowers who live within your target area.
It also gives you vast potential in terms of attracting borrowers and generating leads online.
The 90 percent guarantee — up from the usual 75 percent — made the loans less risky for lenders, while also attracting borrowers through lower fees.
Personal loans often attract borrowers because of their flexibility.
But rising delinquencies have made it harder to raise funds for fresh loans, prompting the sector to review its business model, which tends to attract borrowers with low credit quality.
Several banks also introduced incentives to refinance existing loans — for example, waiving fees and loan establishment costs — with the aim of attracting borrowers from their competitors.
The lender might use lax lending requirements to attract borrowers into signing on for a loan they can't afford.
Commercial banks actively want to loan cash reserves and try to attract borrowers by lowering interest rates, which includes the federal funds rate.
LendingClub, which serves individuals, and OnDeck, which caters to small businesses, are cutting costs and trying to attract borrowers with better credit.
These types of loans can attract borrowers who are likely to default and would be at risk of losing their home or car.
Here are the primary advantages that attract borrowers to this particular product.
During the housing boom, a lot of lenders were using «stated income» loans to attract borrowers, particularly those with unconventional (or even insufficient) income.
That, in turn, means that it can attract borrowers and customers with lower credit risk.
Many lenders offer a variety of student loan discounts to attract borrowers.
This was the nominal rate — the posted rate used to attract borrowers.
Here are the primary advantages that attract borrowers to this particular product.
Student loan refinance lenders that offer the ability to release loan signers usually offer this benefit as a way to attract borrowers.
Since July 1, 2010, all new federal consolidation loans have been made through the direct loan program, so there is no longer any competition among lenders to attract borrowers.
A lower interest rate, easy documentation, speedy approval and large cash at disposal are plus points of loan against property which are attracting borrower's eyes.
So all the lenders are competing with this product and using marketing campaigns including special offers to attract borrowers.
During the housing boom, a lot of lenders were using «stated income» loans to attract borrowers, particularly those with unconventional (or even insufficient) income.
Some charge less closing fees to attract borrowers but might conjointly charge you a higher interest.
Meanwhile, returns on loans are being squeezed as the growing ranks of lenders offer the best deals possible to attract borrowers.
The stiff requirements come at a time when banks are seeing strong profits and run counter to the Federal Reserve's efforts to use rock - bottom interest rates to attract borrowers and get the economy moving.
Here are the primary advantages that attract borrowers to this particular product.
He was responsible for creating and executing the business development strategy to attract borrowers to the site, as well as ensuring a balance between institutional and retail investors on the Prosper platform.
In all probability, the interest rate will increase in the second adjustment period since the initial rate was deliberately set lower than market in order to attract borrowers to the product.
With a focus on providing highly competitive loan products, Freddie Mac is attracting borrowers with non-recourse terms, longer fixed - rates and more flexible prepayment options — all features that are highly desirable to borrowers in today's lending environment.
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