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Sep 28, 2017 - 34 minute read

Become a personal loan broker

Experts say its wise to work with mortgage brokers who can help you evaluate your options. One of them is an adjustable-rate mortgage, which can be easier to qualify for than conventional fixed-rate loans. One of the best places to look is the Federal Housing Administrations loan program. Because the government backs these loans, lenders can still offer competitive interest rates while become a personal loan broker borrowers with credit scores of 580 and above.

Youll need a down payment of at least 3. 5 - far less than the typical 20 required for conventional mortgages. The major downside is that youll pay fairly high mortgage insurance payments over the life of your loan. Experts say one related kind of loan to avoid is a mobile-home loan.

Become a personal loan broker

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Become a personal loan broker

Whatever your reason, we respect your privacy. Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures. Please Read Carefully. This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, become a personal loan broker in a location where icashloans. com does not have an available lender, you will not be connected to a lender.

In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps.

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