Skip to main content

Certified and Non Certified Home Loan Lenders

Certified home loan lenders will offer you loan on a certain amount valuing your assets and repayment capacity. Such are approved by the government and have to fulfill certain criteria to get the status of being certified loan lenders. Here it is all on paper and enough scrutiny about your past loan records and credit card payments as well as bank statements. Certified itself, means officially these financial representative officers are hired by finance companies to offer loans. There is a set pattern where you either qualify for a home loan or not, though in special cases banks and financial loan lending companies do go out of the way to help out borrowers , that are having the repayment capacity but not enough paper documents in place. Rules of repayment, tenure, interest rates are pre mentioned before offering you the home loan as everything goes per rules.
Global Loans


With the non certified home loan lenders it is a bit different. Not many questions asked, not much delay and not much hassles. But there may also be consequences in cases of being unable to repay on time or recovering the loan money. Advantages here are you can avail a large amount also without any paper work and with the time limit given you have to repay the loan amount. In some cases where there is repayment capacity but documents not in place they can avail a home loans easily from  private home loan lenders who may or may not be certified home loan lenders.
All the Best from Rizwana!

www.razarts.com
Labels:

Comments

Post a Comment

Popular posts from this blog

Used car loans tips

It is really a tough deal for loans of buying a used car (second hand) comparing to other types of loan in case of purchasing a new car. But if we look forward, it will make some possibilities also. The procedure is almost same like any other car loan facilities. The main difference in this kind of loan is that you can save cost, which you cannot do in other car loans. That is the biggest benefit you can have while getting used car loans. However, the problem is always there, so while you want to have used car loan facility you have to be aware of making your every step. Every step is vital otherwise you may be in bad credit reputation and big chances to be ripped off. Be positive in getting the source of used car financing and do shop around the whole market. Try to do the credit check to be assured that the given information is correct in your credit statement. After choosing the car you are going to purchase, look into the whole payment procedure of the purchase money. Always...
Post a Comment
Read more

Washington Home Loans

An interest-only loan has become a very popular choice of the many Washington home loans that are available.  What is making this type of loan so popular?  What other options are available to potential Washington home buyers. If you have a desire for a lower initial monthly payment, lower payments over shorter period of time, the possibility that if rates improve your rates could go down giving you lower payments, the fact you may qualify for even an even higher loan amount which would allow you to purchase a larger house than originally you thought this may be an option you should investigate.  There are a couple of other things you may need to consider.  Your payments may change over time.  There is also the potential for higher payments if the rates go up.  These interest-only loans normally interest only for a specific period of time.  The normal time is 4 to 11 years then the payment is raised to a normal level.  This type of an option c...
1 comment
Read more

Get Easy Tax Concessions Bonus on Home Loans

Easy tax concessions are a added bonus with your home  loan. Purchasing a home has become the most sought   after   dream today. Our major salary can go in terms of repaying home loans. With property rates increasing day by day it is becoming more and more difficult to purchase a home even on loan. The principle amount is increasing and also the interest rate added puts a tight crunch on our monthly salary. Tax concessions and rebates come as a boon to lighten this burden a little bit. Is it possible to get tax rebate on the loan amount? Many of us are not aware that this is taxable income money and one can avail rebate on a certain amount. If all returns are filed regularly and all criteria for applying for a home a loan fulfilled then one can avail on tax rebate for a certain amount of the money taken as loan. The main criteria would be the loan has to be taken in the prior financial year and the project has to have a fixed date for completion. The possession of th...
Post a Comment
Read more