Your monthly statement will vary based on how much of the total available balance has been withdrawn; the more you draw down and use the line of credit, the higher your monthly payment. Even if you haven’t made a withdrawal, you may still have a balance if the closing fee is outstanding.
To provide the best rates and terms for our clients, DreamSpring may require collateral for loan approval.
Effective July 20, 2024 DreamSpring offers uncollateralized options for applicants seeking less than $20,000 and with credit score above 650.