Online Loans

Online Loans

With several loans under our belts, commercial property loans, residential loans, resort loans, structuring loans, as well as real estate sales and financing experience, we decided to use our expertise and provide you with some tips from experience, as well as multiple sources to shop around.  We have several suggestions for you before you contact or fill out the different online loan applications we have provided you through our advertising sponsors.

Online Loan – Important, Shop around before you apply for your online loan!  We encourage you to look around!  Shop for your online loan, gather your information.  Each application is an inquiry and reduces your credit score, so be picky!  It will cut your credit score number with each loan application you submit. With your online loan shopping there are several things you want to gather for your information.  Here is a bullet list of things you will want to know from the online loan source.

Online Loan – Loans Annual Interest Rate.  What is the annual interest rate?  This is the interest you are being charged, based on an annual amount.  The interest is refigured daily, based on that days balance, so the interest is less on the smaller amount that you will pay the next month.

Online Loan – Loan Amorization or Loan Term.  What is the amorization or term of the loan, meaning 15 years, 20 years, 30 years, or your preference. (more…)