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applying for loan
Comments
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well I was asking for advise and rather did not want to say what it is for and now that u know i do not think it is necessary to explain why i have decided to buy equity in a house
Well if you could stump up the monies for a deposit then you might get a mortgage against it? which is excatly the same as a loan but obviously more secure for the bank.0 -
in answer to your question the banks computer will view the following things with regards to loans
1. car/boat/motorcycle etc = computer will think customer may settle in the near future and will probably offer higher rate/product with early settlement penalties
2. Home improvement = computer will probably accept application as full term will probably be paid
3. Reconsolidation = see above although slightly higher rate may be applied as you've already settled one so you may settle another
4. Equity/stock market = almost certainly a higher rate or a straight decline depending on credit profile0 -
thank u all0
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