TradeMyLoan.com - Home Loans and Private Loans For All Types of Credit
Welcome to TradeMYLoan.com. Use our website to find a home loan, home equity loan, commercial loan or private loan regardless of your credit score. If you cannot find the loan you need please post an ad using our classified ad system and you will be contacted by investors that may be willing to give you a private loan (for any purpose).
PLEASE USE CAUTION WHEN WORKING WITH INVESTORS AND LENDERS THAT CONTACT YOU THROUGH THIS WEBSITE. YOU SHOULD CONDUCT DUE DILIGENCE AND ASK FOR REFERENCES BEFORE PAYING ANY FEES OR CHARGES TO GET A LOAN. THIS IS A FREE WEBSITE PROVIDED TO HELP YOU OBTAIN A PERSON TO PERSON HOME LOAN. WE DO NOT SCREEN OR VERIFY THE INVESTORS AND LENDERS THAT USE THIS SITE. MOST INVESTORS AND PRIVATE LENDERS DO NOT REQUIRE LARGE UPFRONT FEES. IF YOU ARE ASKED TO PAY A LARGE FEE OF ANY KIND WE STRONGLY RECOMMEND YOU AVOID WORKING WITH THAT PARTY.
Now is a great time to get a real estate loan. Whether you are looking for a residential mortgage, refinance or commercial mortgage we have options to help you. Even though the standards are tighter for home loans there are many options available. Please review some of the loan options available and feel free to place a personal ad here to attract investors interested in providing a private loan to you.
Standard home purchase loan options include FHA, VA and conforming loans (usually through Fannie Mae and Freddie Mac).
FHA home loans are an excellent option for many home buyers because the credit requirements are generally reduced over conforming home loans. VA home loans are similar to FHA loans however they are restricted to current and former members of the armed forces (some exceptions apply). Conforming loans include everything that is not FHA or VA. Many home buyers use a standard conforming home mortgage however the credit requirements are usually more stringent.Second (2nd) Mortgages, Home Equity Loans and Home Equity Lines of Credit are all considered conforming loans. These home loan products can be used for home purchases, vacation or second home purchases, home improvements and much more. Similar to a conforming home mortgage these products generally have higher credit standards for approval.
Hard Money and Alternative Home Loans are the loan of last resort. These loans are available to those with less than perfect credit. These are usually for investment property purchases however there are some hard money loan and alternative loan products that can be used for a primary residence and the market for these loans is beginning to grow again.
Commercial Real Estate Loans are generally designed for business purposes. These can be used for purchasing commercial grade investment real estate, renovating commercial real estate, developing commercial real estate and purchasing commercial real estate for other business purposes (such as a hotel, bar/restaurant, medical offices, etc). Commercial loans vary in terms of qualifying factors. Many do require a solid credit rating for the primary occupant. At the same time commercial loans are often based on the property being purchased, the underlying income and the ability to cover monthly expenses with that income.
Home Loan Options With Bad Credit are limited however some options exist. Home buyers, investors and other purchasing real estate should consider hard money loans and alternative funding if they have less than perfect credit. There are many hard money programs available with softer credit requirements. Alternative funding can include secured loans and peer to peer lending which often have reduced credit requirements if any.