Banks Evaluate the 5 Cs of Credit Before Approving Commercial Loans

commercial loans

Commercial loans are issued to various types of business entities. These loans are typically utilized to assist in areas where short-term funding is needed immediately. These areas may include operational costs, purchasing of much-needed equipment, payroll, or to obtain items that are necessary for the processes of production and manufacturing. While obtaining this type of […]

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Common FHA Credit Guidelines

FHA Credit Guidelines

Following FHA Credit guidelines, before providing approval for any type of loan, a lender will carefully analyze the overall integrity of the applicant’s credit history. The FHA loan requirements state that those who have a favorable credit history with a long track of timely payments on their debts will be eligible for the loan that […]

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Determining if a Home Mortgage is Right for You

home mortgage

A home – for most people – is the largest financial commitment of a lifetime. Obtaining a mortgage rate that accommodates your financial situation and is considered to be ideal involves more than just a bit of comparison shopping. It is important that you realize this – right at the beginning of the endeavor – […]

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SBA Loans – Part 1

sba loans

The core mission of the Small Business Administration (SBA) is to provide an immediate access to capital in an all-inclusive manner. Many believe that is the absolute end to the administration’s commitment to the owners of small businesses within the United States; however, it is actually only the beginning. It is a known fact that […]

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HELOC Loans – A Detailed Guide for Homeowners

heloc loans

HELOC stands for “Home Equity Line of Credit”. This particular line of credit utilizes your primary residence as a type of collateral, or a form of security for the debt that you acquire. The amount that is typically available for homeowners is the difference between any of the debts that are currently secured by your […]

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