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The most common is the short-term loan with reimbursement expected once the next paycheck is received. These are often approved the same day with a personal check for collateral.
The most common one has a two week time frame. Cash loans, title loans, and cash advance bakersfield california day loans all fall under the payday loans category. The term refers to loans that depend on your income rather than credit scores. Title loans are a little different, as they require the collateral of your vehicle ownership title.
While FHA does not require you have reserves when purchasing either a single family home or condominium, if you are purchasing a duplex or multi-family twothree months will typically be required.
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The Mortgage Reports Contributor. When it comes to financing or refinancing real estate everyone knows there is often a laundry list of expenses, but there is one case where getting a mortgage requires that you not pay a dime. Im talking, of course, about mortgage reserves, an cash advance bakersfield california overlooked and misunderstood piece of the financing puzzle.
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