Easily Delete Circle in the Home Loan Application

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How to Delete Circle in the Home Loan Application

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Hows it going everyone? Matt Leighton, welcome back to another video. In this episode, we are talking mortgages, lending. Im here with Rich Conlon from Atlantic Coast Mortgage. Say whats up Rich. Hi, Rich Conlon, Atlantic Coast Mortgage. Loan Officer. Born and raised in Vienna, Virginia. Love the area. Still live in the area. Just here to help out with my man Matt and help answer any questions. Awesome, whenever someone has a mortgage question further than What is the rate?, I just tell them to talk to Rich. I know a little bit about mortgagesbut today were talking about the top mistake people are making when theyre applying for a loan. You see all these loan commercials. Its funny, when we get the primer, one-sheeters on the list of things NOT to do. One of them is like, Dont go and buy a boat. Dont buy a new car. Im thinking to myself, nobody in the history of loans has ever gone under contract and then bought a boat the day after. Im sure it has happened. But it obv

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the minimum credit score for Funding Circle?

Funding Circle loan requirements Funding Circles minimum borrower eligibility requirements include: Credit score: 660 or higher. Time in business: Two years or more. Annual revenue: No specified minimum.

How do I delete my Funding Circle account?

You may submit a Request to Know, Request to Delete, and/or Request to Correct by emailing usdatarequest@fundingcircle.com or at .

What is loan cancellation charges?

Prepayment or Foreclosure Fee: When a borrower forecloses a personal loan before the loan tenure, the lender charges a foreclosure fee. This may lie between 0% - 7% of the outstanding principal amount, depending on the lenders policy and the number of EMIs already paid.

How do I cancel an existing loan application?

Contact the lender and tell it that you want to cancel a pending loan application. Provide the necessary personal identification information, such as your full name, date of birth any application number. It is not necessary to give a reason for the cancellation.

How do I cancel my loan application format?

Dear [name], Im writing to formally request you cancel my loan application [number]. I submitted this application on [date] with [loan institution name]. I am aware that my application money is non-refundable and that there [may or may not] be a cancellation fee.

How do I write a letter to cancel my loan application?

Application for Loan Cancellation Respected Loan Manager, My name is Smith, and last week I submitted an application for a loan. I am writing this letter to take it to your kind notice that I do not need that loan anymore. I will be very grateful to you if you cancel my application.

How long does it take to get money out of Funding Circle?

Apply online in 6 minutes, get a decision in as little as 24 hours after document submission, and receive funds as soon as one business day after you accept the offer.

How do I cancel my home loan application?

If you need to cancel a pending mortgage application, call your loan officer or broker immediately. In most cases, you have a three-day window to cancel the application and recover any paid fees. Tell the lender you want to cancel the pending application and provide a reason.

Is Funding Circle in trouble?

After two years of the platform being paused for new investment from retail investors as we navigated and adapted to the Covid pandemic, we have taken the decision to permanently close the retail platform for new investments. This includes buying and selling loans through the Secondary Market.

What happens if I withdraw a loan application?

If you cancel the loan application before a credit inquiry is even made, your credit score will not be impacted in any way. If you cancel the loan application after it has been sanctioned, your credit score has already been impacted, and cancelling it will have no further impact on it.

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