July 2017 - Magilla

What about hotel loans no one is talking about

July 31, 2017in Real EstateBy dean

Hotel Loans: What No One Is Talking About

Hotels can be tough to finance so the focus of this blog is on hotels involving real estate. Hotel loans that do not include real estate will not be covered. Hospitality loans are a beast upon themselves. Each lender has different ideas on what is lendable and what isn’t based on the lending structure of...

Tempting expectations vs reality about home improvements loans

July 28, 2017in Real EstateBy dean

Home Improvement Loans: Expectations vs. Reality

Let us start off by defining what a home improvement loan is, then we will get into expectations vs. reality. Home improvement loans are generally short-term loans that are advanced for improvements to a residential property. They are generally used for remodeling, additions, maintenance, repairs, or structural improvements or parts. Expectation: You will receive the...

Biggest trends of the year in the home mortgage loan sphere

July 28, 2017in Chris, Real EstateBy dean

The Biggest Trends in Home Mortgage Loans We’ve Seen This Year

Magilla Loans is at the epicenter of loans in America. As America’s anonymous loan search engine, we are able to see exactly what loans are closing each day. Here is what CEO Chris Meyer is seeing: Low inventory Rates climbing HELOC rush Low inventory Typical of hot real estate markets, there’s a cycle. Home prices rise,...

12 things you need to know to do and not to do for low interest home loans

July 26, 2017in Real EstateBy dean

12 Dos & Don’ts for Successful Low Interest Home Loans

Getting a home loan is hard enough. Getting a successful, low interest home loan is a feat all on its own. There are so many moving parts to purchasing a home that any advantage you can gain could mean hundreds or thousands of dollars saved each month in interest over a 30-year fixed mortgage. Below...

Month: July 2017