The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information.
Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lenders renewal policy.
All Rights Reserved. Cash Reserves on Mortgage Loans Can Trip Up Borrowers. By Brandon Cornett | May 26, 2011 | © HBI, all rights reserved. Some mortgage lenders are requiring more cash reserves today than they did in the past.
Its part of the less-risk mentality adopted in the wake of the housing crash. For borrowers, it means one more hoop to jump through when qualifying for a mortgage. And for a rising number of home buyers, it can be a painful lesson in mortgage rejection. What are Cash Reserves.
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