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Why is it easier to get an FHA loan than it is to go through other channels?
Wiki User
∙ 11y ago
The Federal Housing Administration insures the loan so that lenders are more likely to risk a loan since they they know they will not lose their money. This makes it easier for those with less than stellar credit to get approved.
Wiki User
∙ 11y ago
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Is it easier to get a lease or loan?
lease
Is it easier to get a home or auto loan?
It is easier to get an auto loan than a home loan. No matter which kind of loan your trying to get you should also compare several loan option to make sure you get the best home or auto loan available to you no matter what current financial circumstance you may have.
What do you think about loan modifications?
Loan modifications allow the bank to make loan payments more affordable for borrowers. They may change interest rates, loan terms, loan balances, or other parts of the loan agreement. Loan Modifications are changes to your loan agreement. Your payments get more affordable, and you don't have to default on your loan. Banks choose to offer loan modification programs because it is easier and cheaper to work with you than to go after you.
Maintaining a good credit history makes it easier to do what?
Get a loan
Why is it easier to get a secured loan?
A secured loan is one in which the debtor pledges some tangible item of value, such as a motor vehicle or real estate, as "security" for the loan - i.e., the creditor may take possession of that item if the debtor defaults on the payments. This makes the loan safer for the creditor and, therefore, easier to get.
Will I be able to secure a loan in order to attend electrician school?
Securing a student loan is generally easier than other types of loans. The loan company you go through may require you to produce information showing that it is an accredited school
How do i write a letter asking home loan from my emloyeer?
If you had a good enough relationship with your employer to get a loan you could ask in person, but unless you work at a bank since you are employed it is easier to go through traditional channels. Talk to a re agent, they have contacts they use that will pre qualify you to buy-all for free and they will do all the work- then you can shop around
What is easier to pay car loan or bank loan?
bank loan
Is it easier to get a lease or loan?
lease
Where can I get a loan to start a small business?
I would start by talking with your bank to see if you can get a loan through them. If not, they will be able to give you information on other places you can apply for a loan.
Is it easier to get a home or auto loan?
It is easier to get an auto loan than a home loan. No matter which kind of loan your trying to get you should also compare several loan option to make sure you get the best home or auto loan available to you no matter what current financial circumstance you may have.
Credit score in relation to financing a car?
You can finance a car by either contacting a bank and getting a loan through them or by getting a loan directly through the car dealer that you will be purchasing the car from. The benefits of a good credit score include better interest rates, lower payments and make it easier for you to obtain a loan.
How difficult is it to receive an auto loan through Wells Fargo?
Receiving an auto loan through Wells Fargo is as difficult as receiving a loan from any other company. It all depends on a multitude of things, such as credit standing, salary, etc.
What do you think about loan modifications?
Loan modifications allow the bank to make loan payments more affordable for borrowers. They may change interest rates, loan terms, loan balances, or other parts of the loan agreement. Loan Modifications are changes to your loan agreement. Your payments get more affordable, and you don't have to default on your loan. Banks choose to offer loan modification programs because it is easier and cheaper to work with you than to go after you.
You are needing a loan you have 2 outstanding loans now who will give you a loan?
Maybe you could get a consolidation loan from the bank - what that means is they pay your other 2 loans off and give you one big loan through them that you have one payment for.
Where can you apply for an easy loan in the San Antonio Texas area?
Applying for an easy loan in the San Antonio area, as well as other area of the United States largley depends on your credit scores. The higher your credit scores, the easier and less interest you will pay on a loan.
Maintaining a good credit history makes it easier to do what?
Get a loan
