Cash 1 loans

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Cash 1 loans

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Cash 1 loans

The money does not sit in an escrow account managed by a third party. It sits in the borrowers bank account, where its totally accessible. So the lender has no assurance the borrower will keep the money to serve as a safety net (which is the intended purposes of cash reserves). More Prevalent in Wake of Housing Crash. Cash reserves are nothing new. Theyve been around as long as the lending industry itself. But two things have changed over cash 1 loans last few years.

More lenders are requiring them today, and the amounts have gone up in many cases. At the height of the housing bubble, few mortgage lenders required cash reserves.

Cash 1 loans