If you want to proceed with the purchase of a home or want to (re) build it, then you may not have enough with your savings. To obtain the necessary capital, you can appeal to a person or an institution that you want to borrow the money for .
You can take out a loan through a family member or friend, the so-called private loan
But that is not really recommended. There is a good chance that your friend or family member is not willing to lend you the amount and, furthermore, a long-term financial dependence can seriously dampen your (good) relationship with your family member or acquaintance. On this website, however, we give you tips if you want to proceed with a private loan.
The best way not to mix private issues with your financial affairs is to use the services of a financial institution (a bank or a lender) . This can easily provide you with a sum of money that you will only have fully repaid in 10 or 20 years (or earlier). This service also has its price: interest or interest .
The financial institution will also require assurance that you can repay the loan
That is why a guarantee is requested. This can be a person, a property or securities (shares, savings certificates, bonds, etc.) or a mortgage on your property. The latter is the most common deposit. We also provide you with information about the outstanding balance insurance and / or life insurance policy .
This website wants to show you the different options. Born from our own experiences we give you our vision.
We are not a lender
But we want to fill the gap on the internet when it comes to information about Jerry Lemon and credit so that you can go to a bank or lender well prepared. We insist that you always follow our tips on borrowing smart money so that you do not get into financial difficulties.
Do you want to take out a loan? Then consult the following lenders.