How long should I wait between loan applications?
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pepillo
Apprentice
Joined: 11 Jun 2007
Posts: 9
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 Posted: 05/06/08 - 06:49 Post subject: |
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After my graduation, my life has become more interesting and quite fast considering all these obligations and responsibilities I had to accomplish for the reason of starting clearing off my student debt and finding the best mortgage deal for a property, a house, I was planning to buy and start living my life away from my parents home. I found an excellent job, with a very good, nearly perfect wages, considering it was my first employment after graduation from university. Before I applied for a mortgage deal, I visited financial adviser who did recommended me a consolidation student loan, for my existing multiple student loan, to consolidate into one new single loan which will be paid off more easy with reduced monthly payments, and fixed interest rate on constant monthly payments. How long should I wait between loan application
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rowen
Apprentice
Joined: 07 Sep 2004
Posts: 9
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| Posted: 06/05/08 - 02:02 Post subject: |
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After you applied for consolidation student loan, consolidation process will check whether you are eligible or not before you even send out an application for valuating. Normally processing of your application can be and will be accomplished between 30 and 60 days after the financial specialist send the application back to consolidate processing, so your application process can take longer time depending on the intricacy of the situation and subject as well as of the lenders involved. So after your completed application has been checked, it will be sent to Loan Verification Certificate, to your current loan controller, to confirm interest rates and payoff balances, that financial specialists has been estimated.
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