Loan purpose
id:
loan-purpose-259-15079107
title:
Loan purpose
text:
In the United States, loan purpose is the underlying reason an applicant seeks a loan or mortgage. Lenders use loan purpose to make decisions on the risk and what interest rate to offer. For example, if an applicant is refinancing a mortgage after having taken cash out, the lender might consider that an increase in risk and increase the interest rate that is offered or add additional conditions. Loan purpose is important to the process of obtaining mortgages or business loans that are connected
brand slug:
wiki
category slug:
encyclopedia
description:
Underlying reason an applicant seeks a loan or mortgage
original url:
https://en.wikipedia.org/wiki/Loan_purpose
date created:
date modified:
2022-10-04T04:10:08Z
main entity:
{"identifier":"Q6663468","url":"https://www.wikidata.org/entity/Q6663468"}
image:
fields total:
13
integrity:
14