Sentences with phrase «than a traditional bank loan»

They are also easier to qualify for and have a faster application process than a traditional bank loan.

When you get a loan through a private lender, the funds are going to be readily available much faster than a traditional bank loan.

When looking at the terms of your agreement, you may have concerns that the interest rates appear higher than traditional bank loans.

Bad credit mortgages have higher interest rates than traditional bank loans.

The good news is that the application process can be completed in less than an hour, and the paperwork requirements are far less than a traditional bank loan.

Life insurance companies often offer these cash - value loans at interest rates lower than a traditional bank loan.

Real estate agents are more likely to sign a deal with a buyer who is backed by hard money rather than a traditional bank loan which could be pulled during escrow.

Auto title loans are typically repaid more quickly than traditional bank loans and come with much higher finance charges.

Title loans are treated differently than traditional bank loans because they are secured.

This means that the loan can have a competitive interest rate but may also be slightly easier to qualify for than a traditional bank loan.

For those who'd like to become borrowers, this peer - to - peer lending site can offer fixed rate loans that are potentially less costly than traditional bank loans.

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.

Hard money loans are significantly more expensive than traditional bank loans.

It is significantly easier to secure a hard money loan than a traditional bank loan.

They are also easier to qualify for and have a faster application process than a traditional bank loan.

Downside: Be aware that these loans can come with higher fees or shorter repayment terms than traditional bank loans — and generally aren't meant for startups.

The fees and rates associated with your loan will vary, based on numerous factors and are usually higher (on an annual percentage basis) than traditional bank loans such as a mortgage or home equity loan.

Lending Club uses technology to operate a credit marketplace at a lower cost than traditional bank loan programs, passing the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.

Our Hard Money SFR Rental Loans also are much more flexible than traditional bank loans.

Borrowing money through a short - term loan product might cost you more than a traditional bank loan, but when you factor in the speed, flexibility, and smaller funding sizes offered by alternative lenders, working capital loans are often more attractive.