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21 January 2020 | 7 replies
You could request copies of cancelled checks for the past 12 months to establish the applicants' rental historyAsk for a verification of rent, or VOR, a form completed by your landlord and it is used by lenders to determine an applicants' overall creditworthiness and it can be used for screening applicants' rental payment history.Check out whether the landlord is real by checking the owner of record in the county tax records.Check out the previous address and when the rental property sold.
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18 August 2019 | 7 replies
Credit worthiness is everywhere... but as Benjamin graham says the higher they rise the harder they fall.
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12 August 2019 | 0 replies
.), part of the eligibility requirements are the following:• Credit-worthy single-asset U.S. borrower with U.S. ownership• Borrowers may have indirect foreign ownership interests, subject to proper structuring of the borrowing entity and its parentOur investors are mostly Canadian and South American, with a small minority being from the US.
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2 August 2019 | 13 replies
The most important credit score to you should be the one your most important lender uses, and how that score measures creditworthiness.
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6 May 2019 | 7 replies
My plan loans me cash at 6%, so it's a 'win-win' as I know how credit worthy I am. ;-) Use that money to pay off the house where you live.
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8 May 2019 | 6 replies
This works to reduce administrative burden for all parties and landlord has added assurance due to the creditworthiness of the tenant.
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18 August 2011 | 6 replies
The interest rate is fairly low, variable, and generally tax deductible.An unsecured personal line of credit (sometimes called a signature loan) is based your personal creditworthiness.
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14 November 2011 | 10 replies
A lot really depends on the creditworthiness of your borrower and their down payment.
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14 February 2009 | 6 replies
If you can't rent the property for a a month or more, you won't a big negative cash flow nut to crack every month.You might consider a lease-to-own or a contract for deed and plan a shorter exit strategy while your learning the ins and outs.Stable banks can lend if it means placing a non-performing loan back on the books with a credit worthy buyer.
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21 February 2009 | 75 replies
Then you had Bill Clinton, George Bush, Barnie Frank, the Congressional Black Caucus, Chris Dodd and numerous other socialist idiots in Washington who promoted the Community Reinvestment Act, which was designed to promote "homeownership" for people who weren't credit worthy!