Home equity Loan

A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower's house, and reduces actual home equity.

Home equity loans are most commonly second position liens (second trust deed), although they can be held in first or, less commonly, third position. Most home equity loans require good to excellent credit history, and reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types, closed end and open end.

Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. In the United States, it is sometimes possible to deduct home equity loan interest on one's personal income taxes.

Sri Lanka

Lender House :

What We Do - business refinancing, business loan refinancing, and acquisitions

Lender House is an online loan and financing company owned by Premiere Lender.

Premiere Lender is an online loan company focused on matching borrowers with potential lenders in the field of business loans, business financing, corporate lines of credit and acquisition financing. We were founded by an established investment banking firm, in business since 1980.

Premiere Lender receives more than $1 Billion in business loans and acquisition financing requests monthly.

Types of Business Loans:

FINANCING TYPE

Asset - based facilities on a fully secured basis and Cash flow based business credit facilities

TRANSACTION TYPES
Refinancing and restructuring of business loans and corporate loans, Management and Leveraged Buyouts, Recapitalizations, Merger Financing, Business Acquisition Financing, New Business Lines of Credit

COLLATERAL TYPES
Accounts Receivable, Inventory, Machinery & Equipment, Real Estate, and / or Stock and Bonds

INDUSTRY TYPES
All types of Manufacturing, Wholesale, Distribution, and Service companies - Public and Private

SALES VOLUMES
Companies with Annual Sales of $2 million - $100 million and more

BORROWING NEEDS
Secured Lines of Credit from $1 million to $25 million and more

FINANCIAL PARAMETERS
Companies that are highly leveraged, have or had financial losses, low or negative net worth (equity), and / or with poor historical performance. Also companies experiencing a leveraged buyout, management buyout, acquisition, recapitalization, restructuring, or turnaround situation, debtor-in-possession, sub-prime and non-prime business loans, or companies in a growing mode where sales and asset growth are ahead of working capital needs.

If you are a prospective client that fits within these financing requirements, please use our Contact Us secure form for a rapid confidential response.

More Info : http://discountingloans.com/refinancing.htm

Overseas

http://www.mortgageloan.com/home-equity-loans

http://www.myhomeequity.com/HomeEquity/home.do?sc=0

Mortgage

Home Mortgage

Sri Lanka

DFCC Vardhana Bank’s new mortgage loans

DFCC Vardhana Bank (DVB) recently announced a new product intended to positively impact consumers - Mortgage Loans.

The bank said it was introducing this new mortgage product with a view to help its customers become home owners without a hassle.

The new product, the bank said, is expected to increase consumer acquisition for the bank as DVB will now be able to access a whole new consumer niche.

DVB has listed the following conditions to the offering of the new product: Loans will only for housing construction, renovation, and/or house/apartment purchases; Mortgage Loans are restricted to a minimum of Rs. 1 million and a maximum of Rs. 20 million; The bank will provide financing for up to 80% of market value or purchase price (whichever is lower); Several flexible re-payment options are provided; The loan can be settled over a maximum period of 15 years or until the borrower reaches the age of 55, whichever occurs first; DVB provides added freedom by allowing both spouses apply jointly as long as at least one applicant is a salaried employee or self-employed; and the mortgage loan will be granted only if the customer maintains demand deposit accounts with DVB and arrangements are made to route the salary/income through that account.

SIMB

http://www.smib.lk/index.html

Overseas

http://www.mortgage.com/

http://www.yourmortgage.co.uk/