If you have heard of a collateral loan but aren’t familiar with the term, collateral is simply an asset used to secure a loan. When you get a car loan the car itself is the collateral. The same thing is true if you have equity in your home. You can use that equity as collateral to secure a needed loan. Perhaps you want to make renovations but don’t have ready cash. Or, maybe you are interested in buying a vacation property. Regardless of the reason, collateral is a valuable way to get the money you need.
When you get a loan from AHL Hard Money Network, our investors will use the existing equity in the property you own to secure the loan. You simply need to bring us your Florida mortgage statement showing the existing equity you have in your home or other property and tell us what funds you need. Once approved we can get your money in a matter of days. No cumbersome bank paperwork, no need to wait weeks to find out if you are approved, and no look at your credit or finances.
AHL Hard Money Network investors are eager to secure collateral loans and put that money to work for you. Keep in mind that our investors will not lend you the total amount equal to your present equity. We loan a percentage of the property’s value or existing equity, typically known as a loan-to-value (LTV) ratio. When you contact us we can discuss the LTV ratio applicable to the loan you wish to obtain.
If you are ready to put your equity to work, or if you have more questions about collateral loans, contact the AHL Hard Money Network today at 813-516-5210.