I am not sure how you get your loan to win. I noticed some people have a figure of 80% bids, does this mean that they have to get 100% to get the loan or will they still get at least 80% by the time the bid has ended? Or maybe I am just totally off the wall and I dont know what I am doing. can some one help explain this.Thanks
2006-11-15 11:35:09 · 1 answers · asked by Utopia 4 in Business & Finance ➔ Credit
do not send me advertisments
2006-11-16 04:19:25 · update #1
As I understand the system, your loan must be fully-funded. If you think about it from the lenders point of view - the lender only wants to fund loans that have a reasonable probability of being repaid vs the rate of return (risk). A loan that is only 80% funded, for example, is probably not attractive enough to lenders to encourage them to lend.
2006-11-18 01:06:47 · answer #1 · answered by Peter 3 · 0⤊ 0⤋