Apartment Loan 101

Written by Cameron Brown


Continued from page 1

With banks and other lending institutions anxious to provide you with an apartment loan, new loan options have emerged in recent years. Generally speaking, smaller banks and other lending sources like direct lenders have a greater degree of flexibility in what they can offer borrowers. In order to attract larger numbers of borrowers, many lenders now offer non-recourse.

A traditional recourse loan means thatrepparttar lender has claim on personal or corporate assets inrepparttar 141813 event of a default byrepparttar 141814 borrower. Onrepparttar 141815 other hand, a non-recourse apartment loan meansrepparttar 141816 lender cannot hold you personally liable if you fail to repayrepparttar 141817 debt as promised. The only recourse for compensation torepparttar 141818 lender is to takerepparttar 141819 property you've pledged as security for your loan, but he cannot claim any other assets or money from you if you default.

Whichever apartment loan option you decide on, it's important to be certain you understandrepparttar 141820 details. It's vitally important that you choose a lender that has bothrepparttar 141821 experience and inclination to takerepparttar 141822 time to sit down with you and answer your questions clearly. Getting your apartment loan from a source you can trust will go a long way in helping you find success and enjoyment inrepparttar 141823 exciting world of property investing and management.



About the Author

Cameron Brown is an internet marketer specializing in investment property. For more information on securing an apartment loan, please visit SNC.


Home Equity Line of Credit – Great Idea for Rainy Day Emergencies

Written by Charles Essmeier


Continued from page 1
credit, onrepparttar other hand, givesrepparttar 141812 borrower great flexibility. The amount of money is capped at a certain amount, butrepparttar 141813 borrower writes checks to userepparttar 141814 money when they need it. The borrower only makes payments when he or she actually writes a check to use some ofrepparttar 141815 money, andrepparttar 141816 interest rate onrepparttar 141817 loan is adjustable. The line of credit isrepparttar 141818 perfect source of funds for that “rainy day” emergency. The costs of obtaining a line of credit are minimal, andrepparttar 141819 paperwork is much less involved thanrepparttar 141820 paperwork associated with obtaining a primary mortgage. The beauty of a line of credit is that there are no additional costs ifrepparttar 141821 money isn’t used. The homeowner is under no obligation to use any ofrepparttar 141822 money, but he or she can simply sleep soundly, knowing that it is available should an emergency arise inrepparttar 141823 future.

Americans, as a group, tend not to save much of what they earn. But even poor savers who own their own homes can prepare themselves for unexpected financial emergencies by taking out a home equity line of credit. One never knows when an emergency will strike, but it is always a good idea to be prepared to face one.



©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.


    <Back to Page 1
 
ImproveHomeLife.com © 2005
Terms of Use