cash

Difference Between Cash Credit and Overdraft (Key Differences Explained) Daily Journal

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Difference Between Cash Credit and Overdraft (Key Differences Explained) Daily Journal

Published on: September 13, 2024 Financial institutions provide many credit solutions to businesses and individuals facing fluctuations in cash flow or urgent expenses. Two commonly available options are cash credit and overdraft. While both facilities allow you to borrow beyond your immediate resources, they serve different purposes and operate under different terms. Whether you need … Read more

UWM now offers 90% LTV cash. Should we be worried? Daily Journal

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UWM now offers 90% LTV cash. Should we be worried? Daily Journal

The country’s largest mortgage bank, UWM, has launched a new 90% LTV cash-out refinance program to drum up more business. While it is sold to mortgage broker partners as a way to “win more business,” it doubles as a worrying trend of loosening underwriting guidelines. Typically, homeowners are capped at 80% LTV when it comes … Read more