In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders.
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 700 personal loan intrest rates 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.
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I'll be using all of the funds to consolidate debt and will have the bank submit the payoffs so that they know that those debts have been paid in full. My DTI is currently 23. 1 before the loan. I've offered the LO an LOE on the derogs but haven't heard back yet (been communicating thru email). Think this loan will be based upon how good a Valentine's Day the underwritter is having. Mark as New Bookmark Subscribe Subscribe to RSS Feed Permalink Print Email to a Friend Report Inappropriate Content.
Re: Cash out from land equity. What was the FICO minimum for the loan program you are looking at.