Citi cash advance fees

Lenders Escrow Instructions : Instructions produced by the Office of Loan Programs for an escrow or title company detailing the documentation and procedures required before a loan is funded.

Loan-to-Value (LTV) Citi cash advance fees The ratio of the principal balance of a mortgage loan to the value of the securing property, as determined by the purchase price or Appraised Value, whichever is less.

Loan Commitment : A loan commitment letter (also known as loan approval) issued by the Office of Loan Programs (OLP) committing to the funding of a Program loan for a specific borrower and property.

A loan commitment letter will only be issued after OLPs satisfactory review of all property documentation (i. purchase contract, property appraisal, inspections, etc. ) and will state the approved loan amount, initial interest rate and loan term. The letter will also require that certain conditions are met prior to loan funding.

The initial interest rate specified will be the Program rate in effect at the time a loan commitment is issued. A loan commitment expires within 60 days of date issued. Loan Denial letter : A letter from the Office of Citi cash advance fees Programs denying a loan to a specific individual.

Citi cash advance fees

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Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and TransUnion, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. Citi cash advance fees also authorize WhiteRockLoans. com to share your information and credit history with a network of approved lenders and lending partners.

Citi cash advance fees

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Citi cash advance fees