Non-Traditional Equity Loans (NELs)
Non-Traditional Equity Loans (NELs) are a type of loan that allows borrowers to use the equity in their property as collateral for a loan. Unlike traditional Home Equity Loans, NELs are not based on the borrower’s credit score or income, but rather the value of their property. This makes them a popular option for individuals who may have a low credit score, limited income, or are self-employed.
NELs are commonly used by individuals who are looking for alternative funding options for various reasons such as debt consolidation, home improvement projects, starting a business, paying medical bills, and more. NELs offer a flexible and convenient way to access the equity in a property without having to sell it. The loan amount is based on the value of the property, so it is possible to obtain a higher loan amount compared to traditional loans.
One of the biggest benefits of NELs is that they do not require the borrower to have a high credit score or a steady income. This makes them a great option for individuals who may have had trouble obtaining a loan from a traditional lender. NELs are also a good option for individuals who need to access funds quickly as the loan process is generally faster compared to traditional loans.
Michael Iuculano and MJI Loans are a trusted and reliable lender that specializes in NELs. They have helped thousands of people find the funding they need fast by providing them with a flexible and convenient loan option. MJI Loans understands that every individual’s financial situation is unique and they work closely with each borrower to understand their needs and provide them with a loan solution that meets their specific needs.
NELs are a great alternative for individuals who are looking for funding options that are flexible and convenient. They provide borrowers with access to the equity in their property without having to sell it, and they are available to individuals who may have a low credit score or limited income. Michael Iuculano and MJI Loans are here to help anyone who has lending needs and have helped thousands of people find the funding they need fast.
Michael Iuculano is the Highest rated alternative lender on Google in the State of Arizona. He’s an accomplished Author and Public Speaker who has worked with Top Celebrities, Athletes and Business Owners across the country.
Michael Graduated from Babson College with an Entrepreneurship Degree and has been getting deals done for over 22 years.
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NMLS #181106 | AZ MB – 0904774