3 Reasons A Bridge Loan May Be Right For You

Posted on 21 October 2021

A bridge loan is designed to be a shorter-term loan that provides you with the money to make up the difference between the sale price of the home and your mortgage when you have a property up for sale that hasn't sold yet. It essentially gives you a loan on the equity you have in your home while you are waiting for it to sell. 1. Length of a Bridge Loans [Read More]

Understanding The Key Differences Between Section 184 And Traditional Home Loans

Posted on 21 September 2021

There are several key differences between traditional home loans and Section 184 loans. Understanding these differences is an important part of determining which type of loan is best suited to your financing needs when purchasing a home. Continue reading to learn more about a few of the key differences. Who Qualifies One of the most substantial differences between Section 184 loans and traditional home loans is who qualifies to receive funding under each financing option. [Read More]

Top 4 Reasons To Apply For A Home Equity Loan

Posted on 16 August 2021

Whatever your reason for borrowing money, you should be sure to consider your options and find the type of loan that's right for your financial situation. One option you should consider is a home equity loan.  Your home is probably your biggest asset. You can put its value to work by taking a home equity loan with the house as collateral. It's a safe option for home equity lending institutions, so they can give you excellent rates because they know they'll still get their money back even if you're unable to make your payments. [Read More]

Fixer-Upper? 5 Reasons To Choose A Rehab Loan, Not A Mortgage

Posted on 20 July 2021

Do you need to complete major house renovations? No matter whether you plan to sell the home for a quick profit or you may live in it once it's been rehabbed, don't assume that a regular mortgage is the right call for financing. Why? Here are a few important things to know about dedicated construction rehab loans.  1. It Simplifies Things If you plan to finance your renovation through a traditional mortgage, you'll either need to borrow extra money or take on a second loan of some type. [Read More]

About Me

Talking About Loans and Financing

Hello, my name is Frank DeLeon. Welcome to my website about loans and financing. When I went to purchase my car, I was not at all prepared for the process of acquiring the proper amount of financing. In the end, I wished I had researched the process, so I would be prepared for each step of the loan application process. On this site, I hope to help everyone understand the process of applying for a loan and repaying the borrowed amount. I will help you navigate the loan process from beginning to end. Please feel free to come back daily to learn more.

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