Mon – Fri 9-6 EST
Sat-Sun Closed
9465 Counselors Way Suite #200, Indianapolis, IN 46240
Monday, 03 January 2022 08:11

Achieving Financial Success with Blanket Loans

multiple properties under one blanket loanIntroduction: What are Blanket Loans?

Blanket loans are an alternative to traditional mortgage loans. A blanket loan is a type of personal loan that is secured by property you own. It provides the flexible option to pay back interest only or the entire balance in monthly installments placing all properties under one simple loan.

The advantage of having a blanket loan is that your profits can be used for things such as paying off credit card debt, buying a new car, investing in stocks and bonds, or even starting another business.

These loans are based on your property income and not your credit score which gives you the opportunity to take out more than what you would normally be approved for through banks or other lenders.

How Are They Different From Other Types of Loans?

No money down loans are different from other types of loans because they have no income requirements, no credit score requirements, and do not require tax returns. They are best for people who want to buy a home but don't have the money or the credit score to qualify for a traditional loan. It allows you to continually purchase property without the mess of multiple loans.

Why Are They Beneficial for Lenders and Borrowers?

 to lend money to borrowers who don’t want to be bothered with keeping up with multiple investment loans. We can bundle the loans together so you can invest in multiple investment properties that are structured as asset-backed security. The investor can then sell the securities to other investors in the market or just enjoy the extra income.

Blanket Loans for Borrowers Who Want to Grow Investments

Blanket loans are a kind of loan that is designed to help borrowers grow investments. This type of loan can be used for various purposes, including mortgages, home renovations, and student loans.

Pros of Blanket Loans for Borrowers

Blanket loans are advantageous because they are flexible. They are also good for the borrower because they offer larger repayments than traditional loans or credit cards. The interest rates on blanket loans can be lower than traditional personal loans or mortgages and not as high as credit cards. Blanket loans also have lower interest rates than unsecured personal loans.

Blanket Loans for Lenders

While blanket loans may seem like a great solution to the borrower's problem, they may not be the best option for the lender. It is because these types of loan accelerate repayment and favor the borrower, and we are happy to provide that for you. Our interest is in your success because when you profit, we know you will be a loyal patron to keep growing your profits.

What's the Difference Between Personal & Commercial Blanket Loan Applications?

There are a number of different factors that need to be taken into consideration when deciding whether to apply for a personal or commercial blanket loan.

Commercial Blanket Loans:

- Are required to be repaid over time, usually with fixed monthly payments.

- Loans can be repaid without having to worry about paying multiple monthly mortgage payments and based on property income, not your personal credit; which is additional help for people who are experiencing financial difficulties.

- Can provide quick cash infusion if your company is experiencing financial difficulties, like if you're planning on making an investment in the company or if you need extra cash to keep the business running.

- Is less hassle than personal loans because the property income is used for credit instead of your personal tax returns.

Personal Blanket Loans:

- Usually have variable interest rates and payment amounts, meaning, find a place with good tourism and you can ensure higher returns.

Read 140 times

Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240

ABOUT US
Rental Home Financing originates commercial blanket loans with a commercial purpose and is not currently authorized to make such loans in all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). 

CALL TODAY: 888-375-7977
© Copyright 2022 Rental Home Financing. All Rights Reserved.