What Is A Portfolio Loan? Here’s How It Can Help Your Finances
Are you looking for an alternative to traditional mortgages? A portfolio loan could be the answer to your financial needs. In this article, we’ll discuss what exactly a portfolio loan is, how it can help you with your finances, and why it might be a better option than conventional loans. Read on to learn more! What is a Portfolio Loan? A portfolio loan is a type of loan that is not sold on the secondary market. Instead, it is held by the lender as part of their investment portfolio. This means that the lender has more flexibility in terms of underwriting and pricing. Portfolio loans can be beneficial for borrowers who might not qualify for a traditional loan. For example, if you have a lower credit score or a higher debt-to-income ratio, you may still be able to qualify for a portfolio loan. Another benefit of a portfolio loan is that it can provide homeowners with access to cash. If you have equity in your home, you may be able to take out a home equity line of credit (HELOC) or a ho...