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What in this credit report would make potential lenders confident about loaning money to Jonathan Moneymaker?
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How can one qualify for the cheapest mortgage rates?
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
What are the disadvantages of borrowing from sub prime lenders?
There are a number of potential disadvantages to borrowing from sub prime lenders. Interest rates are often raised after the initial two year period making it difficult to keep up with payments. There are a high number of foreclosure properties linked to sub prime borrowing.
What is the definition of saver-lenders?
definition sever-lenders
What is individual money lenders?
Individual Money Lenders
What are the objectives of credit rating?
A credit rating is designed to show an potential lender whether a customer is a good risk. This helps lenders know who is credit worthy by the number associated with their rating.
How can one qualify for the cheapest mortgage rates?
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
What are the disadvantages of borrowing from sub prime lenders?
There are a number of potential disadvantages to borrowing from sub prime lenders. Interest rates are often raised after the initial two year period making it difficult to keep up with payments. There are a high number of foreclosure properties linked to sub prime borrowing.
What is the definition of saver-lenders?
definition sever-lenders
What is individual money lenders?
Individual Money Lenders
How to obtain a first home mortgage?
You need to talk with and compare potential lenders. You should start with your current financial institution, who can walk you through the process and guide you through the paperwork.
When was The Money Lenders created?
The Money Lenders was created in 1981.
What are the objectives of credit rating?
A credit rating is designed to show an potential lender whether a customer is a good risk. This helps lenders know who is credit worthy by the number associated with their rating.
How Lenders Use a Credit Score Rating?
A credit score rating is a number that tells potential lenders how likely you are to default on a loan. They use this rating to determine if the potential reward they will receive for lending you money is worth the risk they are taking. For example, since those with sub-500 credit scores have a historical default rate of 83%, it is very hard for these consumers to receive financing. Lenders also use these ratings to determine what your interest rate should be. Those with a higher credit score rating will receive a lower interest rate and those with a lower score will receive a higher interest rate.
How can you get your landlord to report 6 years of on-time rent payments so you can demonstrate reliability to a potential lender?
You don't, nor do you need to. This would be far out of the norm. You can demonstrate your on-time rental payments to potential lenders by providing copies of cancelled checks, receipts or bank statements. These are much easier to come by, don't cost your landlord anything and are the accepted standard in mortgage lending. Other types of lenders are usually not interested in proof of rental payments.
What is the relationship between lenders and borrowers?
Lenders have something (usually money) that the borrowers want; and the Borrowers have something that the Lenders want (their money back).
Of what significance is the change from the modified-accrual basis of accounting to government-wide reporting?
The change is important to potential lenders and taxpayers because of the need to capitalize and depreciate general capital assets or infrastructure
How can an entrepreneur seeking funds to lunch a business convince potential lenders and investors that a market for a product or service does really exist?
By conducting a market analysis and passing the reality, competitive and value tests.
