![]() Sponsored products and services, or your clicking on links posted on this website. The owner of this website may be compensated in exchange for featured placement of certain is an independent, advertising-supported service. This editorial content is not provided by any financial institution. Their use does not signify or suggest the endorsement,Īffiliation, or sponsorship, of or by SuperMoney or them of us.Īny opinions, analyses, reviews or recommendations expressed here are those of the author’s alone,Īnd have not been reviewed, approved or otherwise endorsed by any financial institution. *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc.Īll products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. The support contact email for this business credit card is Advertiser Disclosure The customer service number for The Money Source Mortgage is (866) 867-0330. What is the customer service phone number? Investment properties and house flipping projects.Secondary homes and vacation properties.The Money Source Mortgage allows the following property usage types: Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. What property usage types does The Money Source Mortgage allow? Yes, The Money Source Mortgage may charge a loan origination fee. Do they charge mortgage origination fees? Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. The Money Source Mortgage FAQ What mortgage rates does The Money Source Inc offer? ![]() ![]() Offers financing for single family, multi-family, and manufactured homes.The Money Source Mortgage Pros & Cons Pros This means you will be charged an additional fee if you repay the mortgage early. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties. Considers personal use and investment properties.Offers home loans for manufactured, single, and multi-family homes. Financing for a variety of property types.The Money Source Mortgage is available in Other businesses are constantly changing their equipment and technology due to obsolescence, so a lease with continuous upgrades is also a viable option.The Money Source Mortgage is offered by The Money Source Inc (NMLS # 6289),įounded in 1997 and based in Phoenix, AZ. Can we wait for endless information requests and the long approval process at the bank?įor most businesses " Cash is King", meaning cash is the most important resource for its future, so borrowing outside the bank is smart.Do we need to broaden our borrowing base so the bank has less control?.Do I want to pledge other assets or my home as collateral to the bank?.What will our equipment or technology needs be in the future?.How important is conserving our cash or bank credit lines?.Bank loans also require a large down payment since the bank does not understand the equipment’s value. However, a bank loan may require additional collateral or even a “blanket” UCC filing, that takes your receivables, inventory and all your equipment as collateral. Equipment Finance Agreements typically take only the equipment as collateral as well. The major difference is leases are not loans, they are a type of rental agreement, using only the equipment you’re buying as the collateral. Is Leasing the right decision for your business or is an Equipment Finance Agreement (a specific type of loan) your best bet? Both financing instruments provide 100% financing, and can be tailored to meet your specific needs.
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