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Maximum 40% TDS. |
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Down payment from borrower's own resources. |
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Personal guarantees are required when the borrower is not an individual (e.g. corporate entity). |
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The personal guarantee can not be released without prior consent from the insurer. |
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Borrowers should have a strong history of managing their credit. |
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Two (2) trade lines with at least two (2) years history. |
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No prior bankruptcy. |
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Purchase: credit scores 660 or greater. Refinance: credit scores 680 or greater. |
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Genworth will consider applications with lower scores based on the overall merit of the application and where other risk mitigating factors exist. |
