Quote:
Originally Posted by kdoske
I'm pretty sure most places wont issue a balloon loan unless you have fairly good credit due to the risk involved for both parties.
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PenFed turned down my application for a payment saver loan, but Chase pre-approved me (72-month term) almost instantly. Do you think PenFed would've let me get the regular loan? I didn't realize that the credit makes a difference regarding the type of loan.