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Questions About the Failure of Mortgage Locks
December 15, 2003  ?Why have lock failures increased recently? A lock failure occurs when a lender does not honor a mortgage price that a borrower had believed was guaranteed. Lock failures occur when interest rates are rising and honoring locks is costly to lenders. ... more...

Should I Lie About My Income?
March 5, 2001 ?I'm self-employed with a low income, but my credit is perfect and I have substantial assets.  I felt I was a perfect candidate for a no-ratio loan but my mortgage broker showed me that I can get a lower interest rate with a "stated income" loan ... more...

loan application related definitions

Loan Application
Loan Application The form used to obtain the borrower’s information and define the terms of the loan. Also is commonly referred to as the 1003 form - Uniform Residential Mortgage Loan Application. The lender may accept applications taken during a face-to-face ... more...

Standard Uniform Loan Application, Form 1003
Standard Uniform Loan Application, Form 1003 A standard loan application widely used in the mortgage industry. Lenders use Fannie Mae Form 1003 to record relevant financial information about an applicant who applies for a conventional one- to four-family mortgage. Download ... more...

More about loan application

The Payday Company Things To Look For To Avoid a Shady Payday Loan Lender
Payday loans arent just found at your local pawnshop; large financial companies are also in the business. Banks, credit unions, and financing companies offer services in this subprime lending market. There are also companies that conduct scams. Often these are operated overseas.Whos Offering Payday ... more...

Low Interest Payday Loan - How To Figure Out The APR Of A Payday Loan
The annual percentage rate (APR) of a payday loan is a helpful tool to compare rates of lenders. According to the Truth in Lending Act, passed by Congress, payday companies are to provide you with the APR. Some companies list this information on their site, while others only provide the fee amount ... more...

Online Payday Loan Application - Speed Through The Process
If you are looking to apply for a payday loan online, here are some things you can expect to be asked on your payday loan application. Know what to expect so that your application process will be quick and easy.The Payday Loan Application will include questions like:Do you have a checking account ... more...

Paperless Payday Loan - Points To Consider With a No Fax Payday Loan
Paperless payday loans subtract the paperwork hassle from the application process. But, you still must meet the payday loan companys requirements to be approved. They may also delay your approval if your information has to be verified by hand. A lender with good customer support will ensure a quick ... more...

Fast Cash Personal Loans - How To Get The Loan Fast
The quickest way to get cash is to apply for a cash personal loan, also called a payday loan. In a matter of minutes your application can be approved and you can find your money in your checking account the next morning. While you are online, you can also check rates to be sure you are paying the ... more...

Debt Reduction Help - Consolidating Your Debt With a Loan
The average household has approximately $9,000 in consumer debt. With high interest rates, and monthly minimums barely covering finance charges, it's no wonder that millions of Americans are getting deeper and deeper into debt. Everyone is likely familiar with an estimated credit card payoff. If ... more...

Benefits of a Payday Loan
Were you recently hit with a big bill that you weren't really expecting? Have you found yourself cash-poor with a while to wait before your next payday rolls around? You might want to consider a payday loan. Payday loans can help those who are short on cash and who need a little bit of money ... more...

$1000 Advance Payday Loan - Should You Borrow That Much On a Payday Loan?
Payday lenders a few years ago only offered cash advance loans up to $500 - Then, some started offering payday loans up to $1000, now companies are starting to offer loans up to $1500. Before you start an application process to get yourself a $1500 payday loan, consider some points about how ... more...

Emergency Cash Loan - Consider a Fast Cash Advance
Emergencies happen. Most people don't have a savings account. When financial emergencies happen, most people need to borrow money until your next payday. This is where cash advance lenders can come in handy.Fast Cash In Your Bank Account - Online cash advance lenders will usually deposit the ... more...

Payday Loan Online - How To Get The Loan Fast
Are you in need of some fast cash? Do you have an emergency that requires you to get a short term loan? Here are some great reasons to consider getting your payday or cash advance loan on the web.Its Easy - Getting a payday loan on the internet saves you from driving to a payday loan store, ... more...

Traditional Banks Vs Online Loan Companies
In recent years obtaining loans online has become a new and somewhat unknown reality. Years ago one would make appointments with their bank lenders and obtain loans the so-called old fashioned way. But in this fast paced world, people want instant gratification. Nobody wants to wait for approval, ... more...

Home Equity Loan Improvements
There's more Regulation Z compliance on the way, courtesy of the Home Equity Loan Consumer Protection Act. This fall banks will have to implement the new home equity loan disclosure rules the Federal Reserve Board was required to issue under the act.The Federal Reserve released the final version of ... more...

Payday loan: A Complete overview
From different surveys, it is seen that the number of customers taking payday loan as well as payday lending companies are increasing frequently. If you are a person taking the payday loan for the first time or want to gather information regarding payday loan, then this article will be of great ... more...

Thinking Of Co-Signing For A Loan? Read This First
It is quite common for someone, who is having trouble getting credit, to approach a friend or relative to act as a guarantor or co-signatory for a loan. They've seen that new car they would dearly love, but have one problem. For one reason or another they are a credit risk, and cannot get a car ... more...

Auto Refinancing and Car Loan Guide
This comprehensive car refinancing guide will help you find the best auto refinance package for you. Included are the important steps needed to take to understand car loan refinancing and what you should know if they are considering refinancing your car loan. This site was designed to help with ... more...

Debt Consolidation Loan Helps You to Manage Your Debt
Debt is a source of finance that helps you, to fulfill your desires. In the past, you must have taken debt from more than one lender to meet your funds requirement. And now it is becoming difficult for you to handle so many lenders at one time. What will you do now? There is a solution to this ... more...

Quick Cash Loan: The Instant Source For Urgent Extra Cash
A cricket ball from the park smashed the windscreen of Richards car. His bank balance was nearly empty and the paycheck was still a fortnight away. Richard was in a fix because the thing needed immediate repairs and the funds were nowhere in sight. Unforeseen circumstances and pressing state of ... more...


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