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From: Joo Joo
please help, one mind alone cannot find a way through my situation.
Sorry people i'm going crazy, are there any insurers who would give me a deposit bond without pre approval and without something as ridiculous as equity 5 x value of deposit. How does HK do it??
Say i do get approved somehow (which i strongly doubt unless someone knows a really flexible lender), what happens with the deposit I saved for this pre-approval? is it locked up? or am I free to do what I please with it? eg get the funds to get pre-approved for the total amount of the loan then buy a car with it for instance
Does this loan increase my liabilities or because it is only a preapproval, it does not mean I actually owe the money? and hence can borrow for other things without working equity out of this otp?
there must be a way for someone with little equity to secure an otp and a car.
still diggin
joojoo
please help, one mind alone cannot find a way through my situation.
Sorry people i'm going crazy, are there any insurers who would give me a deposit bond without pre approval and without something as ridiculous as equity 5 x value of deposit. How does HK do it??
Say i do get approved somehow (which i strongly doubt unless someone knows a really flexible lender), what happens with the deposit I saved for this pre-approval? is it locked up? or am I free to do what I please with it? eg get the funds to get pre-approved for the total amount of the loan then buy a car with it for instance
Does this loan increase my liabilities or because it is only a preapproval, it does not mean I actually owe the money? and hence can borrow for other things without working equity out of this otp?
there must be a way for someone with little equity to secure an otp and a car.
still diggin
joojoo
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