Do banks still give personal loans

By Brandon Cornett | © 2018, all rights reserved | Duplication prohibited. Reader question : We recently got turned down by a mortgage lender because they said we had insufficient cash reserves. I wasnt even aware of this requirement when we applied for the loan, since nobody said anything about it at the time. Other than that, we are totally qualified for a home loan. Solid credit, a long history of paying bills, good income, etc.

Is there a mortgage lender who will do a home loan do banks still give personal loans no cash-reserve requirements.

Or is this a standard requirement across the industry. The short answer is yes, there are mortgage lenders out there that do not require borrowers to have cash reserves. There are also lenders with stricter requirements of up to six months cash reserves, or even 12 months for jumbo loans.

Do banks still give personal loans

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Do banks still give personal loans

Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.

This website is not an offer to lend.

Do banks still give personal loans