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Don’t Make These Mistakes When Issuing a Loan Proposal Letter

South State Correspondent

Last week, we discussed how and why commercial lenders use a bank loan proposal letter (aka commitment letters) to their advantage ( HERE ). Adjustable Rate Term Loan Post-Construction In construction-through-perm financing, banks will quote a takeout term loan priced on a preset spread over an index in the future.

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The effect of nonbanks in the mortgage space

Independent Banker

Nonbank institutions continue to be serious contenders in the home lending space. trillion in mortgages in 2020—nearly two-thirds of total origination activity—and made double the number of residential mortgages in 2019, according to Home Mortgage Disclosure Act data collected by S&P Global Market Intelligence.

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Your guide to home renovation: what costs to save and spend

Qudos Bank

If you’ve decided that now’s the time to give your home a makeover, then it’s important to work out what your home renovation budget is, and how much things will cost. Expenses associated with home modifications can easily snowball, so working out what’s worth spending money on and where you can save money can make all the difference.

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Small banks: Big challenges and big opportunities

Abrigo

You might also like this on-demand webinar: "Problem loans: Identifying warning signs and management options" WATCH Takeaway 1 Executive leaders of small community financial institutions face complex issues, including declining deposits. I don’t want my veteran bankers writing a credit memo,” he said. “I

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Should You Use A Personal Loan For Home Renovations?

BankBazaar

If a leaking roof and a dire need of funds are giving you sleepless nights, it might be time for you to consider taking a Personal Loan to take care of your home renovation. While you can take out a Personal Loan to finance your home renovation, let’s understand first if it’s a good idea to opt for one in the first place.

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Upgrade’s New Debit Rewards Product Takes New Approach To Mobile Banking

PYMNTS

14) that it is jumping into the world of mobile banking with the launch of a debit rewards product somewhat eye-catching. “We Upgrade serves a very mainstream customer base who is about 42 years old and on average brings home around about $90,000, $95,000 individual income,” Leplanche said.

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Rebeca Romero Rainey: You are the backbone of our nation’s financing

Independent Banker

In fact, we provide about 60% of small business loans and 80% of agriculture loans, and those numbers continue to climb. In my days as a community banker, I ran across many opportunities to be inspired in loan offerings. Its loan portfolio is 95% agricultural, fueled by two loan officers who are also farmers.