The lender will view you as a higher risk, and will take measures to minimize their exposure such as requiring more money in the bank at closing. Almost all jumbo loans (above conforming loan limits) have significant cash-reserve requirements.
Im not sure if you fall into this category or not. You didnt say how big your loan will be. A MarketWatch article from earlier this year revealed that most lenders are requiring at least 12 months worth of cash reserves for jumbo loans. (Definition: Jumbo means that the loan exceeds the conforming limits established by the two GSEs mentioned earlier, Fannie Mae and Freddie Mac.
) My advice is to apply with another lender. You dont have much cash advance in orlando lose by doing that. But before you submit an application, ask them about their cash-reserve requirements.
Tell them youve been denied for this reason before, and you dont want to go down that road again.
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It relates to the amount and timing of value received by the consumer to the amount and timing of cash advance in orlando made. We cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 6 up to 35. Loan products general have a 2-month minimum repayment term and a 84-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
Repayment Terms. Loans include a minimum repayment plan of 2 months and a maximum repayment plan of 84 months. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site. Lender-approval and loan terms will vary based on credit determination and applicable state law - they may offer loans with fixed rates from cash advance in orlando to 35 APR.
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