Home Loan Investment Bank is a leading financial institution that is a specialist provider of competitive home equity loans.
Established in 1959, the institution also offers services including:
- Retail banking
- Residential lending
- Commercial lending
- Automobile financing
- Home Improvement Lending
- Small Business Financing
More about home loans from Home Loan Investment Bank:
The Purchase Loan is for borrowers looking to purchase a property. The loan is offered at fixed rates.
The Standard Fixed Rate Loan has a set monthly payment and is offered at competitive rates.
The FHA Loan is a federally insured loan.
Home Loan Investment Bank also offers Home Improvement Loans. With flexible terms and fixed rates, there are no pre-payment penalties and no equity requirements.
You can apply online and a loan representative will call you back to complete the process.
For most potential home owners, they wonder about their level of income and employment stability when they consider first time home loan applications. While these factors are important, there are other elements that come into play too.
As a first time home loan applicant, you need to fulfil a number of criteria:
You must meet the affordability requirement set by the lender. This affordability depends on factors such as:
- Applicant’s income
- Applicant’s monthly expenses
You need to consider your creditworthiness as a major factor in the application process. For instance, if you are a higher credit risk, you can expect to be charged higher interest. If your credit record is quite decent you could expect more favourable interest rates.
Home Loan Investment Bank offers competitively-priced home loan solutions. There are also no hidden fees and the bank offers tailored financial solutions to clients to give them the most competitive home equity loans.