Sentences with phrase «typically run another credit check on»

Lenders will typically run a credit check on a potential borrower as part of the mortgage application process, and will use it to set the terms of the loan.

When the borrower requests a cosigner release, the lender will typically run another credit check on the primary borrower and request income documents to verify that he or she is qualified to continue the loan on their own.

Not exact matches

To run a credit check, you'll need a prospective tenant's name, address, and Social Security number or ITIN (Individual Taxpayer Identification Number), which will typically be on the rental application you ask prospects to complete.