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Most of these loans are one step further, where the collateral on the loan isn't the house, it's enough cash in the bank to pay off the loan in its entirety. Y
by selectodude 8y ago
Most of these loans are one step further, where the collateral on the loan isn't the house, it's enough cash in the bank to pay off the loan in its entirety.
You can get a loan with no credit score if you have the assets.
- charlesdm 8y agoWell, no problem there? However -- I do fail to see the point on why you would put up cash as collateral for a loan. Just to retain liquidity? I get why you would want to put up securities to get a loan, that is a no brainer.