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What are the advantages of a payday loan?

wilson — Fri, 04 May 2012 20:48:21 +0000

Quick

One of the main advantages of a payday loan is the speed. you can get the money on your account on the same day you applied for it. This will really help you out if you have got short term cash problems and need the money urgently.

Simple

It takes only a few minutes to apply for a payday loan you don’t have to worry about posting or faxing the documents to the payday loan company. So the application process is as easy as it could be.

Poor credit history

Payday loans are still available for you even if you have a poor credit history. Payday loan providers don’t make their decision to lend you the money based just on your credit history. After filling the application criteria you have already got a good chance to get a payday loan. In the present financial situation most of the lenders are reluctant to provide loans especially if a person has got a poor credit history. This way a payday loan may become the only possible way to get a credit for many people.

Use of the loan money

Another advantage of a payday loan is that you can use the money for whatever you want. You don’t have to tell the payday loan company what you need the money for. You might have an emergency and need money urgently, it can be an emergency medical treatment or a romantic weekend away, it can be urgent dental treatment or extra money on holiday. If you can’t wait till the payday use the opportunity to get a payday loan. It will turn out to be a good choice provided you make the repayment due on the repayment date.

No upfront costs

There is no advance fees related to a payday loan. You don’t have to make any repayments until the repayment day that you have chosen and agreed to in the loan agreement.

Mortgage Lead in Louisanna.

wilson — Mon, 28 Feb 2011 08:24:52 +0000

I had a customer fill out a an app on our website. The borrower is in Louisanna. I am not licensed in Louisanna and would like to pass this one on to somebody that is. If you close the loan just pay me a finders fee.
Here is the loan details minus the contact info:
Purpose_of_Loan:                 Rate/Term Refinance
Type_of_Mortgage:                A.R.M. 6 month LIBOR
Purchase_Price_or_Current_Value: $675,000
Down_Payment_or_Equity_In_Home: 175,000
Requested_Loan_Amount:           500,000
Occupancy_Status:                Owner Occupied
Property_Type:                   1 Unit Single Family Home Detached
Waive_Escrows:                   No
Loan_Must_Close_By:              Undetermined
Rate_Lock_Information:           Unsure

Have a loan not sure what to call it.

wilson — Fri, 05 Nov 2010 07:01:12 +0000

Have a loan not sure what to call it. Here is the story. My borrower was talked into giving someone a private second mortgage. That someone was foreclosed on by the first lien holder Frank Manny. My borrower has the right of first refusal and is trying to get a loan to pay off Chase. He needs a no income verif. His scores: beacon 616, tu 591, xpn 591. The property is a duplex and came in at 105,000. He needs 70k to pay off the first mortg. including closing costs. He has 12 months bank statemnts for his business at 70% averages out apprx $4,500 month income. ratios under 40%. Submitted to First Franklin said they’d give him 65% LTV. Now they said they can not do it because the borrower needs seasoning? The borrower owns the property because he was a lien holder and is no taking it over. He was holding the lien since March of 99. Technically did he purchase it? refi or what. Is this guy stuck in some kind of loan void? Any one out there know what he can do?

Residential Loan

wilson — Mon, 01 Nov 2010 12:10:54 +0000

I recently bought a home at an auction and have my old home financed as a bridge loan. I have excellent credit and would like to consolidate both of these properties into one loan (sometimes called a portfolio). Ideally, I would like to get an interest rate less than 7 percent and no points. Both homes are in Michigan.