A MarketWatch article from earlier this year revealed that most lenders are requiring at least 12 months worth of cash personal loan in 5 min for jumbo loans. (Definition: Jumbo means that the loan exceeds the conforming limits established by the two GSEs mentioned earlier, Fannie Mae and Freddie Mac.
) My advice is to apply with another lender. You dont have much to lose by doing that. But before you submit an application, ask them about their cash-reserve requirements. Tell them youve been denied for this reason before, and you dont want to go down that road again. Ask the loan officer who actually works for the bank or lender - not the broker. Do you belong to a credit union. If so, you should ask them about their mortgage options.
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We look forward to helping you solve your financial troubles. WHEN DO I REPAY THE LOAN. Loan repayment terms differ by lender. Thus, it is important to check the loan agreement from your lender for information on the lender's repayment terms.
IMPORTANT CUSTOMER INFORMATION. Personal loans differ from other types of loans, such as home mortgages or automobile loans. Specifically, personal loans allow you to spend your money in a number of different ways, whether it's to help pay off medical expenses, make home improvements, repairs to your vehicle or consolidate your debts.
A personal loan is paid back to the lender over a set period of time. Fill out the form and see just how much money personal loan in 5 min can borrow from the comfort of your own home. It's as easy as that.