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Typically, no — individual loans remain broadly accessible Regardless of the COVID-19 pandemic, which may be In particular useful if you want help making finishes meet up with. You’ll continue to usually need very good credit score and verifiable earnings for getting authorized for just a loan with most lenders, like on the web lenders, banks,
“Precisely the same underwriting tips apply to retirees and seniors as does to All people else,” says Michael Becker, department manager and loan originator at Sierra Pacific Mortgage loan in Lutherville, Maryland. “They need to have the capability to repay the loan — that may be, hold the money and assets to qualify.To submit an applicatio
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