Posted on: 19th Oct, 2006 08:46 am
I have $100,000.00 invested in a trust deed and I recieve an 8% return monthly . I need a loan for $15,000.00 .What is my best loan option ?
P.S. my investment is to be paid back in a year would it be prudent to pay off the balance of the loan if I actually get an offer for a loan?
P.S. my investment is to be paid back in a year would it be prudent to pay off the balance of the loan if I actually get an offer for a loan?
Hi Lisa,
You will have to contact loan companies which lend with investment collaterals to know more about the type of loan and the term for which they would be willing to lend.
You will have to contact loan companies which lend with investment collaterals to know more about the type of loan and the term for which they would be willing to lend.
Hi,
The loan company will be providing you the loan with the collateral of the investment you have. If it is going to be paid back in a years time then the lending company will also likely provide the finance for a year.
The loan company will be providing you the loan with the collateral of the investment you have. If it is going to be paid back in a years time then the lending company will also likely provide the finance for a year.