Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Getting a Loan from a Non-Traditional Lender

Written by: John Mussi

Sometimes you might find that a traditional lender such as a bank simply can't meet your loan needs. Perhaps the interest rate that the bank offers is simply more than what you're wanting to pay, or you might not be able to reach the bank during normal business hours in order to submit your loan application. Regardless of the reason that traditional banks are unable to help you with your loan, you need to find an alternative lender that can process your loan and get you the money that you need.

Luckily, there are a large variety of non-traditional lenders that can not only get you the money that you need but can offer competitive if not better interest rates than your local banks.

Below you'll find information on some of the alternative lenders available, as well as information of finding the one that's right tog et you the loan that you need.

Finance and Loan Offices

The most common non-traditional lenders are finance companies and loan offices. Unlike traditional banks, these companies exist solely for the purpose of providing loans to individuals... even individuals with poor credit who might not be able to get a loan at a traditional bank. Most of the loans that are provided from finance companies and loan offices are secured loans, meaning that they require some collateral to secure the loan and guarantee repayment.

Some specific types of loans, such as automotive financing, allow the purchased item to serve as collateral for the loan so that additional collateral is not required.

Mortgage Companies

If you're in the market to buy a new house or other piece of real estate, you might want to consider a mortgage company instead. These lenders specialize in home and property loans, using the purchased house or property as the loan's collateral.

Mortgage companies are often willing to work with individuals who have a variety of different credit ratings, so that even those individuals who have had credit problems in the past will have an opportunity for home ownership.

Online Lenders

A variety of online lenders exist, offering loans for just about any purpose that you can imagine. Many physical banks, lending companies, and mortgage lenders have an online presence, but there are a variety of lenders that exist with only an online presence. The loans offered by these online lenders can often carry a better interest rate than an individual might expect to be able to get, due at least in part to the reduced cost of doing business exclusively online.

In addition to the potential for lower interest rates, online lenders often offer faster loan decisions and more options when it comes to repayment of the loan.

Finding Your Loan

When you've begun exploring your various loan options and are ready to apply for a loan, it's important to take the time to shop around and make sure that you get the best deal that you can. Visit several different lenders, requesting loan quotes from each one, and take the time to get online and request loan quotes from several online lenders as well.

Carefully compare the loan offers that each lender gives you, making sure that you take the interest, repayment terms, and any other loan-specific terms and costs into consideration to find the loan that is the best overall instead of simply the one with the lowest interest rate.

By taking the time to shop around and compare loan quotes, you are much more likely to find the best deal for a loan that you otherwise might have missed.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About the author:

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans. co.uk website.

Other Related Articles:

When to get an Auto Refinance Loan
Auto Refinance You have probably heard of auto refinance before. Or simply refinance. The term "refinance" actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. Refinance is often put into...read more

Bad Credit Personal Loan and Bad Credit Loans
Bad credit personal loans are widely available these days. These are personal loans marketed to individuals with a poor credit score or poor credit history. A bad credit personal loan can be obtained through a lender who specializes in bad credit...read more

Mortgage Loans 101: Who or What is Freddie Mac?
Freddie Mac can help you obtain a home mortgage loan. But while Freddie Mac might sound like a generous uncle, it's more closely related to Uncle Sam. So what is Freddie Mac, and how does it help you when buying a home? Freddie Mac is...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map