Banks, credit cards, or even friends and family may be able to offer you better loan terms. We encourage you to check with them before you apply for a Spotloan. Spotloan SM is a brand owned by BlueChip Financial, a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Personal loan after foreclosure Indians of North Dakota, a federally recognized Indian Tribe. BlueChip is located on and operates within the Tribes reservation.
Please note: This is an expensive form of credit and is intended only for short-term financial needs. Spotloans are designed to help you deal with emergencies such as rent, medical bills, car repairs, or expenses related to your job.
Spotloans are not intended to solve longer-term credit or other financial needs, and alternative forms of credit may be better for you, including borrowing from a friend or relative; using a credit card cash advance; taking out a personal loan; or using a home equity loan or savings.
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The financing package available for a particular transaction will vary, but typically a legitimate investor wont have any trouble finding a loan for at least 50 of the propertys value, and its usually makes sense to lever up to some degree. Whether the ideal leverage point for your deal is 50, 70, or higher will depend on personal loan after foreclosure scenario.
The good news is that you can always source multiple loan quotes, analyze your investment returns for each package, and then make an informed decision. At StackSource were making it easy to both pull loan quotes from top institutions, and analyze potential financing scenarios. We do this through a mixture of technology and human expertise. Every loan through StackSource comes with an expert capital advisor who can guide you each step of the way.
If you havent tried financing through StackSource yet, wed love to hear your first reaction to our tools, like Instant Loan Comparison. Were Committed To Service, Speed Security. Connect with a Helpful Lender.