Sentence examples for qualify to borrow from inspiring English sources

Because income and wealth inequalities rose so much, fewer families were able to qualify to borrow huge sums of money to buy a home.

The trade-off here is that you can't include your partner's income on the application, so you might qualify to borrow less.

For instance, you can pay off debt consistently (like paying off a credit card in full each month) and establish good credit so that you can qualify to borrow money at lower interest rates in the future.

For example, of the cheapskates I've surveyed, they tend to buy homes that cost only about 70percentt of the amount their bank tells them they can qualify to borrow to buy a home.

The preapproval letter should include the amount a borrower is qualified to borrow, as well as the loan officer's contact information.

Both women were in NMAC's first credit tier and were thus qualified to borrow at 8.25percentt.

With fewer people qualifying to borrow as much as $729,750, he said, the market for homes priced from $850,000 to $1 million "could start to see some price reductions," because buyers who might have been able to offer $950,000 will now be able to offer only $850,000.

"The problem is trying to get qualified people to borrow," said Raymond P. Davis, president and chief executive of Umpqua Bank, a regional lender based in Portland.

You may be able to borrow up to the lesser of $50,000 or 50percentt of your 401(k) plan balance, and first-time homebuyers may qualify to take up to $10,000 from an IRA without paying early withdrawal penalties.

Americans have not aged enough in the past decade for this to be a big factor, but it may explain why Japanese consumers have not responded more to zero rates.A final reason why consumers may not respond is that after a debt-fuelled bust, they do not want to borrow or cannot qualify for a loan.

Moving Angelica just over the threshold placed her in a less-generous tier and forced her to borrow an additional $15,000 before she could qualify.