Friday 6 March 2015

Peer-to-Peer lending in real estate is a better option.

For instance if you need a loan of about $ 5,000 which comes to about Rs. 3,00,000 for renovating your home or even buying a car you can avail it through these sites. This may be paid to you through 15 or even 50 members paying this amount to you. When you pay back the money with interest on every month these lenders who lent you the money makes a profit from the interest amount paid.

Well, the times have changed dramatically. If you think that banks are the only ways of procuring money then you are probably not updated. The times have become very desperate with 100 percent financing becoming a thing of the past and a new concept has come into vogue that is loan from a peer-to-peer network through the internet. If you need money for any miscellaneous purchase and are looking for cash you can post your requirement in any of the property sites  and you can avail a loan of about $ 30, 000 for personal use. This has been in vogue for about few decades and is called p2p network.
 
Out of all the peer-to-peer groups special mention can be made by property websites who are quickly becoming the leaders in the lending industry with other established organizations too. The market watchers opine that procuring money through sites like these and the peer-to-peer network is gradually becoming tougher. 

Not only from the borrowing perspective but from a lending perspective too it is a worth while investment solution that proposes to produce high yields in a relatively shorter period of time. These p2p networks through the internet is used to provide a creative source of finance that makes lending and borrowing more easier and more accessible too. The advantage is that the borrowers are able to access various capital sources and borrowing options without having to deal with the rigorous procedures of the lending processes of the traditional banks and financial institutions. 
A market place lender is able to make loan approvals by him and with the absence of rigid laws, rules or regulations the people are able to enjoy a speedy loan process in competitive interest rates. In the past the borrowers have been relying on the rules of the financial institutions to cater for their need of funds but p2p is relatively much easier and quicker.
 
Similarly for the marketplace lender it becomes much easier as he can have direct access to the borrower who is being determined about his or her eligibility from his or her credit worthiness. In this respect the real estate investment and lending has become a popular aspect of money lending though the networks.
 
Real estate investors also can be rest assured that they will procure faster financing for their projects compared to the banks and financial institutions and can look forward to investing or establishing their asset base through solid real estate investment. At times when people are ready to invest in properties it becomes beneficial if there is a quick access to the loan facility.
 
With the p2p markets lending, the interest rates tend to be reasonable and the investors are able to cut down on the cost of capital who are desirous of investing in the real estate industry. The lenders are pretty much clear on the criteria of making approvals of loans.
 
Borrowers also do not have to wait for receiving the feedback for their status of granting of the loans and the requests of funds. Using such an alternative source of funding is a safe way to become actively involved in the real estate industry. It does make lot of sense to get the money from sources which are so quick and which also supports one’s credit scores.

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