A mortgage is an amount of money lent out based on the value of a home which in turn is used as collateral. This type of loan can offer up to 85% Loan to Value in instant cash for immediate needs and should serve as a long term (minimum 1 year) solution to help with emergency financial situations.
What is collateral?
Something pledged as security for repayment of a loan, to be forfeited in the event of a default.
What does LTV mean?
Loan to value is a comparison between the amount of money being loaned to the value amount of the property it is being loaned for.
How can this help me?
A mortgage loan get help you with unpaid credit cards, medical expenses, business startups and more.