Loan calculations are a task well-suited for a computer program since they involve calculating a series of mathematical formulas. A program is faster than a person with a manual calculator and far less likely to make mistakes, especially with more complex loans. Furthermore, these calculations require the use of functions that may not be available…
When it comes to getting a loan, it may seem like heading to your local bank is the right choice. But for commercial real estate loans, the process can be very different. Not all banks work with these loans, and there may be significant differences on the qualifying amount, the fees and the interest rates you…
Another big year. Chris Meyer, CEO of MagillaLoans, America’s anonymous search engine for loans says there was a steady increase in residential and commercial loan activity in the fourth quarter. The only reticence we saw was once the tax bill passed, we found commercial real estate stalling slightly as people, presumably, waited to close in…
You are probably familiar with the convenience of applying for business and personal loans online. Every time you apply for a loan, you are putting your personal information at risk. Magilla takes a different approach to the loan application process that does not require your personal information. Learn what you can do to minimize fraud….