Sentences with phrase «obtain than traditional bank»

Real estate investors and developers commonly use these types of loans to fund their projects because they are easier and faster to obtain than traditional bank loans.

Not exact matches

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

Not only were Quicken's interest rates better for Virginia, its loan fees were lower than quotes obtained from more traditional bank - based mortgage lenders.

«The results indicate that given the same credit risk (i.e., for borrowers with the same expected delinquency rate), consumers would be able to obtain credit at a lower rate through the LendingClub than through traditional credit card loans offered by banks.»

Using the same assumptions to obtain rate quotes at New Jersey's most active mortgage lenders revealed that a purchase mortgage will cost more at a traditional bank than a direct lender by 12 or more percentage points.

Since personal loans can be obtained through a variety of independent and online lenders, expediting approval within 24 hours is not unlikely, since the general turnaround process is more streamlined than that of a traditional bank or financial institution.