We've taken the time to answer a few questions for you in advance to aid you in understanding how the lending process works, and what you need to do to get started.
Q. How much money can my fiancé and I qualify for?
A. The amount of money that each couple qualifies for will vary from couple to couple. In order to determine the amount, a credit check will be conducted on both people, and based on the credit scores of each person, a loan award amount will be determined.
Q. If approved, how soon can we have access to the money?
A. Once the application is processed, and the loan approved, most couples receive their loan check within two to three weeks after applying.
Q. How long do we have to pay the loan back?
A. The terms of each loan agreement varies from couple to couple. The better you credit scores, the better your rates and the more flexible your repayment process. We work with reputable lenders who base the amounts of the loan, and the repayment process on the capability of the couple to repay the loan.
Q. What is the "List of Resources" and when can we get access to it?
A. The list of resources is a list of caterers, event planners, floral shops, musicians, and more, which can be used by our approved clients. Once your loan is approved and the terms of the agreement is accepted, you will be given this valuable list to get you started on planning your wedding day.
Q. Are there any restrictions on what the loan money can be used for?
A. Once a couple is approved for the loan, it is up to their discretion how the money is spent. From wedding rings to honeymoons, MFMFL's goal is to assist you financially in any way you deem necessary to make your day a memorable one.