Nation21 Loans is the operator of this website and is not a lender. We are not involved in creating loan packages or making approval decisions. This website merely transmits applicant information to lenders who may perform credit checks or background investigations to verify submitted information. Not all applicants may receive approval for a quick cash loan. Not all loan offers may appear within five minutes. Loan terms, including amount, interest rates and time for repayment, may depend upon borrower’s credit history, and may vary according to jurisdiction, lender and applicant qualifications. Loan disbursement times may vary and Nation 21 cannot guarantee a quick disbursement. Never provide an upfront payment for a loan. All borrowers should carefully examine all terms of the loan contract before finalizing the agreement. Late or missed fees may result in financial penalties like additional fees or increased interest rates. Failure to repay the loan may result in collection actions. We is not responsible for the actions taken by borrowers or lenders.
Pertaining to mortgages and their risk based pricing factors, the loan purpose factor is sub-categorized by purchase, Rate & term refinance and cash-out refinance.
Lenders assess that a purchase loan contains the least amount of risk and thus 'price' purchase loans most favorably (i.e. no interest rate increase or a risk-based pricing...
Negative equity occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan. In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside...