Does getting approved for a new mortgage loan feel impossible? Well, it’s actually not. A multiple collaterals loans allow you to leverage your home’s equity by securing your loan with multiple other properties. You get to use your own property or the property of family and friends to get the loan that you need.
How does it work?
The requirement for a multiple collateral loan is that you have a second property to leverage a loan from. The approval process does not vary depending on if it is your own property or if the property is owned by family or friends. When your mortgage loan is approved, both individuals become evenly liable.
When is it the right choice?
Multiple Collateral Loans works great in the following circumstances:
- Those who have a lot of equity in assets, but not a lot of cash.
- Those looking for a second mortgage.
- Those looking to live a debt free life and a promising financial future.
Maybe you feel tied down to past financial mistakes. A multiple collateral loan means that you can get a private lender who is willing to give you the money you need and see past your financial history. This loan is great for people with bad credit. These types of loans are used to benefit people in a wide variety of financial circumstances.
Get Started Today
We would love for you to start on your journey to financial success. Let us match you with a private lender who can help you meet your financial needs. If you feel like multiple collateral loans is right for you, give us a call to discuss any questions you may have.