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Once again, since the default rate is high in this industry, more lenders are paying closer attention to the borrower's current financial strength. The lenders want to make sure that the borrower has enough equity into the property as well as having a credit score in the 600 range. If your credit score isn't at that range, you might have to consider a private lender or a hard
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There are 2 reasons for this. If you repay your loan early then they have to cancel the direct debit or it will automatically repay your loan a second time.If you can't repay your loan on the due date then you will need to get the direct debit stopped before you start incurring dishonor fees. You can also get an extension on your
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He finds the property, puts it under contract and requests for the loan. The lender once again denies the loan to Jerry saying that the market is under depreciation in that particular area.
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