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Can personal loans be used for down payments

For your sale to stand a chance of meeting whatever timeframe you stipulate, your buyer has to be genuinely cash funded. Be aware that 99 of the companies out there are not genuine cash buyers. Although their websites may suggest otherwise, the vast majority of these firms are lead generators selling your personal details or brokers passing your details on to small-time investors. This second group predominantly need mortgage finance andor tie you in with option contracts.

The option contract is needed to hold you in place (i. stop you being able to sell elsewhere) while a buyer andor mortgage funding is secured. This makes the process risky and your sale far from guaranteed.

Can personal loans be used for down payments

Every inquiry received is handled with care and speed. Your Loan, Your Business. We recognize a personal loan is a private matter. Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc. Whatever your reason, we respect your privacy. Thus, we work with lenders familiar with your situation and are ready to help.

Important Disclosures. Please Read Carefully.

Can personal loans be used for down payments