Loan Application Quotes

Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.

A bank is a place that will lend you money if you can prove you don't need it.

When I purchased my home, it was very strict underwriting standards. I had to provide two pay stubs, two years' tax returns, three months of bank statements, all sorts of credit card information.

Accessing capital to start a business can be a daunting process, especially for entrepreneurs who start out with a great idea, but have no real familiarity with the business world.

My history of lending money from banks is that they want to know the ins and outs of the backside of a duck.

It's easy to get a loan unless you need it.

When I first decided to open a restaurant, I was turned down by several banks. It was the late 80's and many restaurants were failing. I refused to give up because I knew I had a good concept.

Yes, Americans can still get credit for cars and trucks and refrigerators, and those businesses are doing well. But just try to get a home loan now.

Make sure you input all income as in “base income”. DO NOT break it down by overtime, commissions or bonus….NO GIFT FUNDS! If you borrower is getting a gift, add it to a bank account along with the rest of the assets…try submitting with slightly higher income. Inch it up $500 to see if you can get the findings you want. Do the same for assets.

When you get to college, they're never teaching you how to start a credit line or get a loan on a car, things of that nature.

As someone who has owned a small business in the past, I understand how difficult it can be to get a loan.

Start step by step. I didn't start being a big company in the beginning. You go to the bank for loans when nobody knows about you.