REPRESENTATIVE EXAMPLE. If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29.
82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131. 67, with a total payback amount of 6,320.
You apply online. Its easy to apply for a cash loan online. You can use your computer, smartphone or tablet. It only takes 5 mins. We check confirm. We do a quick check on the information you have submitted to make sure were lending you the right amount and it meets your needs.
You are approved.
5 percent down payment requirement. However, with compensating factors, Guaranteed Rate will lend down to 580. Debt-to-Income Ratio. Your mortgage professional will use your debt-to-income ratio to qualify you for a mortgage loan. This ratio takes into account all of your monthly debt (what is found on your credit report), your monthly income and the monthly payment of your new home.
FHA suggests a back ratio no higher than 43 percent; however, FHA is flexible and has been known to exceed their suggested 43 percent. Down Payment. FHAs required down payment is 3. 5 percent when purchasing a single family home, condo or duplex.
Important Disclosures. Please Read Carefully. This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where WhiteRockLoans. com does not have an available lender, you will not be connected to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender.