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Banks and other lending institutions provide pre-approval letters for loans. The application process usually involves a full credit report check and disclosure of financial information, such as the two previous years' pa... More »

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A pre-approval letter includes the type of loan, amount of the loan and loan term for which the borrower is pre-approved, according to CHL Mortgage. The borrower's total monthly payment, if approved, is also typically li... More »

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Pre-approval means a lender is ready to make a customer a loan or extend some other type of credit based on information the customer provided or that the lender retrieved from a credit reporting agency. Pre-approval is n... More »

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Short-term financing refers to business or personal loans that have a shorter-than-average timespan for repaying the loan, typically one year or less. Some short-term loans have even shorter terms, such as 90 to 120 days... More »

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NMLS loan originators hold a license by the National Mortgage Licensing System to originate mortgage loans in participating state agencies, including Puerto Rico, the U.S. Virgin Islands, Guam and the District of Columbi... More »

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People who take out loans usually don't get a savings account attached to the loan; however, borrowers do have the option for apply for a savings account to keep the loan money in. In some cases, lenders require that bor... More »

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People with bad credit can get loans by exploring alternative options to banks, such as credit unions or friends and family; bringing a cosigner on board; and using a home equity loan or a home equity line of credit, acc... More »

www.reference.com Business & Finance Credit & Lending Personal Loans