Are you in need of some financial assistance? Perhaps you have some outstanding debts that you need to clear, or maybe you’re looking to invest in your business or your child’s education. Whatever your reasons may be, it’s important to understand the different types of loans available. Atlantic Signature specializes in secured loans for individuals and businesses when a traditional bank cannot help.
What is a secured loan?
Secured loans are backed by collateral, such as home equity. Because we have a guarantee that we will be able to recoup loss in case of non-payment, secured loans are generally considered lower risk. These types of loans have many benefits and can help you when you most need it.
How can a secured loan help?
Secured loans can be used for a variety of purposes, including home renovations, business capital, credit repair/consolidation, and even to clear outstanding debt with the CRA. They can be used for unexpected life events such as job loss, business closures, or even investing in your child’s education.
Private mortgage lenders offer secured loans for short-term lending such as bridge financing, blanket and second mortgages. Flexible solutions are commonly needed when you need to use your current home’s equity for a down payment on a new home, you’re seeking funds for a business acquisition, you purchased a new home before selling your current one, or you need renovations prior to moving into a new home.
Private mortgage solutions can become your short-term path to conventional lending. Secured loans are a valuable tool for those in need of financial assistance. By providing collateral, borrowers are able to secure flexible terms that work for them. Whether you’re looking to renovate your home, start a business, or clear outstanding debts, a home equity loan may be the perfect solution for your needs.
Find out how we can help.