A residentially secured Business Loan allows business operators to finance business or investment loans through equity in their residential properties.
Loans may vary from 1 year to 30 years and interest may
either be fixed or variable.
These loans require a signed letter of offer and executed
mortgage documents, so that the lender gains security via an encumbrance on the
property.
If there is a default on the contract, lenders are entitled
to attempt to recover monies still owing to them by selling the property.
Need a property loan?
Contact us @ propertyloans@realrenta.com
Marlene Liontis
Monday, 24 February 2020
