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.
The 90 percent guarantee — up from the usual 75 percent — made the loans less risky for lenders, while
also attracting borrowers through lower fees.
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.