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Sep 28, 2017 - 34 minute read

Company personal loan policy

Regularly employed for at least 1 year with a minimum gross monthly income company personal loan policy Php 10k. Self-employed operating a legitimate business that has been profitable for at least 3 years.

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Company personal loan policy

They were, by most standards, well-qualified borrowers. Five days before their scheduled closing date, the loan underwriter raised a cash loans in orangeburg sc flag and put the process on hold. At first, he said the borrowers would need two months worth of cash reserves to close the loan. We were surprised by this, since we had asked about it in advance, said Melinda. But we figured it was still do-able. We had some extra funds in the bank, aside from our down payment and closing costs.

Company personal loan policy next person the borrowers heard from was their loan officer, the same person who had originally told them that cash reserves werent necessary. The loan officer came back and said, the underwriter now says you need six months of cash reserves in the bank, before closing.

Thats 20,000 we hadnt accounted for up front, based on the loan officers original statement. There was no way we could pull that kind of money out of thin air.

Company personal loan policy

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