Category: Commercial v. Residential Loan

ARE YOU LOOKING TO PURCHASE A SMALL BUSINESS OR AN INVESTMENT PROPERTY?

There are SBA and commercial loans available for financing; however, you may want to consider a residential loan. How can you use a residential loan to finance a business? And, why would you? Business loans tend to have higher rates and costs than residential loans, and may be adjustable. The residential loan can be fixed. For instance, if you have equity in your home, or other residential properties, you could refinance and take cash out of one of these properties to purchase the business or investment. The lien would be on your residential property, but the loan terms may be...

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