Cash-reserve requirements are intended to provide a safety cushion in case the borrower suffers a financial setback (such as the loss of a job).
With extra money in the bank, the homeowner would be able to cover his or her mortgage payments for a few months. So its basically a foreclosure-avoidance strategy. But theres a major flaw with the concept of cash reserves. In theory, the borrower could spend that extra money two days after closing.
It wouldnt be the smartest move, but theres really nothing to prevent it from happening.
The Need for Speed. Our online service readily serves your need to connect with a lender. The process takes a few minutes. Fill out our secure online form and we send an encrypted copy to an authorized lender to approve. Once you submit your information, you will be redirected to the lender's website where you can review the terms of the loan, including details about all the applicable rates and fees.
If you accept these terms, the lender will deposit money directly into your bank account as quickly as the next business day. Every inquiry received is handled with care and speed. Your Loan, Your Business. We recognize a personal loan is a private matter.
If you havent tried financing through StackSource yet, wed love to hear your first reaction to our tools, like Instant Loan Comparison. Cash Loans. Better value, no hidden charges. Fast and easy, quick decision online. Convenient, straight to your bank. How much do you need. Your total repayment will be 654. 50.
Prior to webMethods, Tim was Creative Director for Template Software (acquired by Level 8 Systems), and Senior Visual Communications and Marketing Manager with Computer Sciences Corporation. Clients include BlackSky - Spaceflight Industries OpenWhere - Satellite Imaging in the Cloud (acquired by Spaceflight Industries) iSIGHT Partners - Cyber Threat Intelligence Experts (acquired by FireEye) Xceedium - Zero Trust Privileged Identity Management (acquired by CA) Agilex (acquired by Accenture) GeoEye (acquired by DigitalGlobe) Maryland International Raceway (acquired by IRG Entertainment) Team8, ClarOTY, BatBlue Networks, Covata, EverFi, Eagle Ray.
Tim Woods Design. Simply put, the company's mission is to provide top-quality creative design and production services. Primary services include. Creative graphic design solutions combined with rapid-fire production best practices.