Can someone please explain the lending process of a saving institution?

Answer 1

if it is just a lending business the will go out and procure capital at a low rate of interest and in turn loan it out to the public at a rate high enough to cover expenses. overhead and profit if it is a savings and loan the same same but they use the savings of others to make loans!!!

Answer 2

Only people with good credit are considered by banks. If your credit score is below 675, your out of luck. Other lending company will give you credit but at a high interest rate.