You can follow any responses to this entry through the RSS 2. 0 feed. You can leave a response, or trackback from your own site. Are there mortgage lenders that dont have cash-reserve requirements. 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.
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. 12 which including the 8 fee paid from the loan amount, would have a total cost of 1,720.
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