Transparency in Lending: Why Source of Funds Matters

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Transparency in Lending: Why Source of Funds Matters

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Tim Herriage

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0 Views • Nov 11, 2024 • Click to toggle off description

Lenders need to confirm where your money comes from to ensure you can truly afford the loan. We once had a client who wanted to borrow $20,000 from their father-in-law to qualify. But if they paid him back right away, it wouldn't prove they could handle the loan payments. Transparency and proper documentation are key to a successful loan process.

#FinancialAdvice #LoanTips #MoneyMatters #Transparency #LendingRules #short

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Genre: Howto & Style
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Uploaded At Nov 11, 2024 ^^

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RYD date created : 2024-11-24T05:42:44.1281478Z
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