answersLogoWhite

0

They have to establish if you are credit worthy

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What kind of questions will I be asked when applying for a small business loan?

The questions a a lending institution may ask are: How much money do you need? What are you going to do with the money? When will you repay the loan?


The person is seeking information on eligibility of an FHA Loan. They are seeking applying for an FHA Loan and need to know what is required of them to do so.?

FHA.com has a frequently asked questions section which I would suggest to your "person". They should start there. It will tell them what it is and maybe other this they need to know.


What are some common car loan questions and answers that I should be aware of before applying for a car loan?

Before applying for a car loan, it's important to understand common questions such as the interest rate, loan term, monthly payments, down payment requirements, and any additional fees. Make sure to ask about the total cost of the loan, the impact on your credit score, and if there are any prepayment penalties. It's also crucial to inquire about the loan approval process, eligibility criteria, and the consequences of defaulting on the loan.


What should I look for when applying for FHA loan?

Answering "What should I look for when applying for FHA loan?"


What kind of identification is required to apply for a car loan?

When applying for a car loan the most common identification that you will need to bring with you is a state or government issued identification card, such as a driver license or a passport.


Interview questions and answer for mortgage?

When one is applying for the job of a mortgage loan processing job, one should prepare for interview questions and have some answers ready. This can include questions such as â??What interests you about this job position? â??


How much paperwork is involved in applying for a small business loan?

Not any more than is involved in applying for a regular loan.


Does applying a payday loan harm your credit score?

Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.


What do banks consider when applying for a loan?

== ==


Are you interested in applying for an interest free medical loan?

Are you interested in applying for a loan that doesn't charge any interest for medical expenses?


What are the requirements to get a car loan?

There are numerous requirements when applying for a car loan. You need to have decent credit rating, a steady job, you need to be the legal age required to drive and a valid drivers license.


What are the requirements to qualify for an FHA home loan?

"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."