What is Social Lending?
If you have seen it in the news social lending is a network that lets borrower members borrow money
through personal loans, and lenders fund these loans by investing in Notes. Each Note corresponds to a
portion of a borrower loan. In some instances a rent to own home buyer may use this type of loan for a
down payment. Also known as peer-to-peer lending, person-to-person loans, and social lending clubs.
If you have seen it in the news social lending is a network that lets borrower members borrow money
through personal loans, and lenders fund these loans by investing in Notes. Each Note corresponds to a
portion of a borrower loan. In some instances a rent to own home buyer may use this type of loan for a
down payment. Also known as peer-to-peer lending, person-to-person loans, and social lending clubs.
How it Works for Borrowers
Social lending is a network of borrowers and lenders. Borrowers can get personal loans at interest rates
they find more attractive than those available from conventional funding sources such as banks and
credit cards, taking advantage of a streamlined process between the source of funds (lenders) and the
borrowers who need those funds. Borrowers can use the funds for a down payment on a rent to own
home, for education, a foreclosure and many other purposes.
Social lending is a network of borrowers and lenders. Borrowers can get personal loans at interest rates
they find more attractive than those available from conventional funding sources such as banks and
credit cards, taking advantage of a streamlined process between the source of funds (lenders) and the
borrowers who need those funds. Borrowers can use the funds for a down payment on a rent to own
home, for education, a foreclosure and many other purposes.
How to choose a lender.
We have many programs come across our desk and turn down all but a few. Here are our
recommendations;
We have many programs come across our desk and turn down all but a few. Here are our
recommendations;
- This is a solid company run by top notch financial experts. Rates
are from 7 % and can go as high as 20%. Once on this program you will receive many offers from
club members. A great program featured on many websites and seen on television. It is not an
easy loan to get as they do require a minimum FICO score. Follow the link to see this program.
A personal loan programs highly successful for down payment
loans and cash assistance. They offer Instant Loan Approval. Apply anytime 24/7 in the
convenience and privacy of your home. Know within seconds if you’re approved. We have tried
them out and find their personal service to be friendly, knowledgeable and ready to help. It is a
simple process for quick money. We also like that they are secure, reliable, state licensed (your
protection) and can have cash available in 24 hours or less.
This is not a loan program but an opportunity to earn cash -in
some cases in as little as one hour. Sounds fishy, right? We tried it and it worked. It takes a bit of
work setting up but if you have a few minutes a day it will eventually pay off , and pay well. If you are
short on cash yet have a rent to own house in mind this program may be the answer. In addition
they were very prompt with the funds, friendly to deal with and very professional. They also offer an
instant application online.
"If not for the down payment loan
program I would not own my
home. I had a loan approved in
no time at all with a payment plan
I can live with. We couldn't be
happier."
Michael S., San Diego, Cali.
program I would not own my
home. I had a loan approved in
no time at all with a payment plan
I can live with. We couldn't be
happier."
Michael S., San Diego, Cali.
Copyright 2009 RealtyRTO.com, LLC. All Rights Reserved.
Resources
On your path to home ownership sometimes the family nest egg needs a
little boost, maybe for a down payment or home improvements. Social
lending is there to help. What is Social Lending? Also know as peer to peer
loans, person-to-person loans and peer-to-person loans. These are loans
made by individuals rather than lending institutions. Due to the recent
mortgage crunch these loans have become favorites to borrowers all over
the country.
little boost, maybe for a down payment or home improvements. Social
lending is there to help. What is Social Lending? Also know as peer to peer
loans, person-to-person loans and peer-to-person loans. These are loans
made by individuals rather than lending institutions. Due to the recent
mortgage crunch these loans have become favorites to borrowers all over
the country.
| Social Lending a Big Story in the News |
Home List for Free Buyers Money Tree Fast Cash for Real Estate Credit Repair Lease Purchase Available States Legal Forms
We Bring the Bargain RTO Deals to You!
The Lending Club cannot accept borrower leads from residents of the following states: Iowa,
Idaho, Indiana, Maine, Mississippi, North Carolina, North Dakota, Nebraska, and Tennessee.
Idaho, Indiana, Maine, Mississippi, North Carolina, North Dakota, Nebraska, and Tennessee.