McBride offers one caution: "You might replace such loans with a home equity loan or larger home mortgage, but if you refinance a mortgage to pay off other types of loans
, keep the home mortgage to no more than 80% of the home's value.
Lenders are expending various degrees of energy in marketing these types of loans
, so some shopping around is also required.
Although these types of loans
are relatively homogeneous, small business loans tend to be quite heterogeneous, in part because of the natural diversity of small business enterprises and their loan terms, which are usually individually negotiated to suit the unique credit needs of each borrower.
Differences in the length or nature of the information gap for different types of loans
Carefully evaluate the types of loans
before consolidating; in some cases, consolidation is not the best option
Howe said that NCB's efforts at expanding its already dominant presence in the claustrophobic co-op debt market often lead it to "step on its own tail," but bundling co-op debt along with other types of loans
has had the effect of sweetening the CMBS bonds the company offers and has helped it expand as a seller to the secondary debt markets.
We would like to be very active in making these types of loans
,'' Tumpak said.
Banks and other financial institutions have been active in the securitization of other types of loans
, such as mortgages, and it is possible that they could also be active in the pooling and securitizing of business and community development loans.
The database gives lenders the opportunity to discover the competition they will face when expanding into new states and the types of loans
funded, racial makeup and average loan amounts of the loans provided in those markets.
As time went on, our credit union expanded, offering several different types of loans
, free traveler's checks and a variety of other services.
These types of loans
are relatively homogeneous, whereas small business loans tend to be quite heterogeneous in nature, in part, because of the natural diversity of small business enterprises and individually negotiated loan terms designed to suit the unique credit needs of each borrower.