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...
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...
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,...
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...