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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingPersonal loan vs mortgage
Michael Olivarez's profile image
Michael Olivarez's profile image
Michael Olivarez
  • from Harlingen, Texas
  • Member since May 16, 2017
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Michael Olivarez's profile image
Michael Olivarez's profile image
Michael Olivarez
  • from Harlingen, Texas
  • Member since May 16, 2017
Connect
Michael Olivarez
  • Harlingen, TX
1
Votes |
9
Posts
Creative Real Estate Financing

Personal loan vs mortgage

Michael Olivarez
  • Harlingen, TX
Posted Apr 4 2018, 12:21
Thoughts on buying a 40k property using a personal loan vs going thru the process of a conventional loan.? Would it be ok to buy the property paying cash with a personal loan then turning around and refi with conventional loan? It takes a day to get approved for a 40k loan vs having to give 20% down and the whole mortgage process. Any thoughts?
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