Sentences with phrase «used as the borrowers»

The line of credit may be used as the borrower wishes as long as the stay within the set limit.

The best part about this special type of loan is that there is no repayment required while the home is used as the borrowers primary residence.

Not exact matches

Virtually all lenders judge a borrower's creditworthiness using some version of a system known as the «5 Cs of credit.»

Partnering initially with three lenders, Better Mortgage, Quicken Loans and Citizens Bank, Fannie Mae allows borrowers to use the rental income as part of the income qualification to refinance their home loans.

When used as the down payment on a loan, ROBS helps entrepreneurs become more qualified and confident borrowers.

A number of operational features were required to implement such an overnight reverse repo, or ON RRP, facility: It would need same - day settlement; 16 the operation would need to be run predictably, every day, and as late in the day as possible, to give lenders time to bargain with other counterparties using the outside option of investing with the Federal Reserve; 17 an appropriate spread below IOR would be required to ensure that the facility neither induced large changes in the structure of money markets nor lost the ability to support interest rate control; 18 and the operations would need enough unused capacity that lenders could credibly propose to leave borrowers that did not offer an adequate interest rate.19

Borrowers can use funds to help pay off their credit cards, student loans and car payments — or even as capital to start a new business venture.

To obtain these estimates, each borrower's maximum borrowing capacity is estimated using a measure aligned with APRA's prudential standards and conservative assumptions where possible (such as around minimum expenses).

In her analysis, Ms. Chu estimates that at the end of 2016, as much as 22 percent of the Chinese financial system's loans and assets will be «nonperforming,» a banking industry term used to describe when a borrower has fallen behind on payments or is stressed in ways that make full repayment unlikely.

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.

Lending Club uses a somewhat complex formula that takes into account various factors that appear on a borrower's credit report, such as FICO score, number of recent credit inquiries, length of credit history, the total number of open credit accounts and revolving credit, to name a few.

Assets: Within the context of a small business loan an asset is something of value, owned by the borrower, which can be used as collateral by a lender.

Increased Buying Power: ROBS funding can be used as the down payment on a small business loan or seller financing arrangement — making a business owner a more qualified borrower and increasing his / her total buying power.

Lenders competing for borrowers might use the UCC as a marketing tool, using public records to find customers that are already familiar with their lending products to pitch them lower priced offers.

They singled out the three - digit credit score - which banks use to determine whether a borrower is likely to repay a loan - as especially important in lending decisions.

Borrowers with sufficient income can exceed the limits shown above, by using what is known as a jumbo loan.

When multiple financial institutions use the prime rate as an index, it's easier for borrowers to compare loans, rates and terms.

With this strategy, the borrower takes out a first mortgage loan for 80 % of the purchase price, uses a second loan for 10 %, and then pays the remaining 10 % out of pocket as a down payment.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Borrower «A» (who used a 30 - year mortgage loan) ended up paying nearly three times as much in total interest over the life of the loan.

As more small - business borrowers joined the formal economy, they began using other banking services such as checking and savings accounts, mortgages and other financial productAs more small - business borrowers joined the formal economy, they began using other banking services such as checking and savings accounts, mortgages and other financial productas checking and savings accounts, mortgages and other financial products.

Perhaps you've heard that the FHA loan program is often used as a last resort for borrowers with bad credit.

Peer - to - peer lending also known as person - to - person, P2P or social lending, anonymously matches up borrowers and lenders via an online platform using complex computer algorithms.

As long as rental income from the property is not used to qualify and the borrower continues to occupy the property as their second home, it is not considered «rental property» and the loan is eligible as a second homAs long as rental income from the property is not used to qualify and the borrower continues to occupy the property as their second home, it is not considered «rental property» and the loan is eligible as a second homas rental income from the property is not used to qualify and the borrower continues to occupy the property as their second home, it is not considered «rental property» and the loan is eligible as a second homas their second home, it is not considered «rental property» and the loan is eligible as a second homas a second home.

The borrower has already qualified for the original VA home loan, so that original data is used to get the refinance loan approved in cases where the interest and or / mortgage payment goes down as a result of the new loan.

While everyone's situation is different, there are some broad industry standards that financial experts use to evaluate your debt levels in order to gauge your ability as a borrower to pay off your debts.

Both private research and internal assessments reportedly conducted (but not published) by the GSEs, however, raise significant doubts as to the numbers of additional low income borrowers that might be approved using VantageScore vs FICO for mortgage lending.

Borrowers can use payment histories on items such as utility bills, cell phone bills, car insurance bills and apartment rent to build non-traditional credit.

«The lack of a credit history, or the borrower's decision to not use credit, may not be used as the basis for rejecting the loan application.»

For borrowers using a fixed - rate mortgage, you can plug the above three figures into a mortgage calculator to calculate your monthly payment; and, you'll know that the payment will be unchanged so long as the loan is in effect.

In today's fast paced business world more partners, lenders, and potential accounts need to make quick decisions as to which suppliers, borrowers, and partners they want to work with; decision - makers use a variety of business credit scores, indexes, and reports to discard unqualified candidates from being considered for a partnership or a loan.

The FHA allows housing debts to be as much as 31 percent of a borrower's monthly income (the debt - to - income ratio or DTI), and it allows borrowers to use as much as 43 percent of their monthly income for all debts including housing expenses.

This is a three - digit number that lenders use to gauge your risk as a borrower.

Borrowers will no longer be able to rely on existing pre-approvals obtained by using the HEM benchmark as they can then find themselves in a position where they have won an auction but then the bank does not give them enough money to settle which would mean losing their deposit.

Borrowers can make a down payment as low as 3 % of the cost of the property, and they may use funds from other sources (including gifts, cash on hand, and down payment assistance programs) to make the down payment.

It is most likely correct that interest only loans rolling over will not be reassessed but it could potentially happen if house prices falls so that loan to value ratios deteriorates enough to make banks worried and they use this as leverage towards borrowers.

As is usual, most offshore issuance by Australian borrowers was denominated in foreign currencies, with companies typically using swap markets to convert the proceeds back to Australian dollars.

The borrower's stock holdings or other investments are used as collateral against the loan.

This creates an initial barrier to borrowing because a borrower has to own something that can be used as collateral.

The best part is borrowers can usually earn interest on their deposits while using them as collateral for a secured loan.

However, the offset of these secured loan pros is that a borrower will need to use an asset as collateral.

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.

Borrowers issued the fewest bonds in Australia in almost three years last quarter as Europe's budget crisis roiled markets, driving up yield premiums, while the nation's banks used record term deposits to cut debt offerings.

The collateral on a loan is the property or other business asset used as security in case the borrower doesn't fulfill the loan.

That Act would further restrict the Fed's 13 (3) lending operations by requiring that they be approved by at least two - thirds of the FOMC (as opposed to the present 5 - member requirement); by disallowing the use of equity as collateral for 13 (3) loans; by requiring that loans be approved not only by the Federal Reserve Board but by all Federal banking regulators having jurisdiction over the prospective borrowers; and by allowing emergency lending to be extended beyond a term of 30 days only by means of a joint resolution approved by Congress.

You probably know that credit is a way to evaluate your trustworthiness as a borrower, using a credit report (documentation of your past borrowing and accounts) and a credit score (a three - digit number that represents your history at a glance).

By acting as a partial guarantor or «co-signer» for the school's lease or loan payment obligations, IBBF is used to induce, leverage and partially secure funding from private capital investors and traditional banking sources (landlords and lenders) to provide a 100 percent financed facility at an affordable cost to the charter school borrower.

DOT expects that the diverse array of projects that will enter the TIFIA portfolio as a result of increased support from the MAP - 21 legislation will act as powerful a tool to demonstrate to future borrowers the uses and flexibility of TIFIA credit assistance.

However as time goes by Amazon may realize they are missing out — at present they are talking about coming to an arrangement with Overdrive [download platform company which supplies rentals to public libraries] to make their stock available to borrowers using other devices.

Using 438 borrows (June's number of borrows) as the benchmark, I'd need only 1 out of every 7.5 KU borrowers to choose to buy the book over passing on it because it's not in KU.