What is Creative Financing

A majority of people lack the funds to purchase a home entirely out of their own pockets. Some may have it, but it would be a waste to acquire or obtain major assets and properties using your hard-earned cash.

While many people look at loans and other funding opportunities, there actually are other ways on how people can acquire the funding they need to make the purchase – one of which is through creative financing.

What is Creative Financing?

It may sound simple and basic, but it’s actually something most people are not aware of. Just like loans, creative financing is the act of securing funds for a purchase even if the buyer has poor or bad credit. It’s the process of structuring a loan for the buyer to be granted the funds he or she needs.

The terms can be longer-repayment periods with a fair interest rate on monthly payments, it could be credit repayment plans – it could be whatever.

So in the most basic terms, creative financing is the act of securing a loan to eliminate the buyer’s need of finding the funding for the purchase he or she wants to make. It’s kind of like an extra mile that lenders provide clients.

Who is Given Creative Financing?

In the most regular circumstances, creative financing is offered and granted to people with dull credit. Because they’re unable to secure regular personal loans and home loans, they’re given this option. However, it’s just not limited to them.

Other buyers choose creative financing as an option in order for them not to use up whatever they have in their funds or their savings. In a way, it’s also an effort to earn funds for other investments and other purchases as well.

Where Can I Get Creative Financing?

Banks never liked the idea of providing low interest rates on loans with longer timeframes for repayment. It was just not good for them. However, today, there are several sources and options for creative funding that can free you from the curse that you had with banks.

If you don’t like the sound of mortgage, then you really need to indulge yourself what creative financing is – it might just change your life and how you view real estate and business purchasing.

There are several institutions that offer creative financing. In fact, even some home or business owners who are finding it difficult to sell their properties offer seller or owner financing. It is the situation when the owner of the house or the seller provides the funding that the buyer needs.

Not only does this secure the sale of the property, it also provides the owner leverage on how much he or she wants the house can be purchased. Failure to meet the agreement and the terms can lead to interest payments, etc.

A couple of institutions are confident enough to get into creative financing and we here at SoFlo Funding, can be of assistance. We are a company whose marks in the world have been carved by good quality investments to people and businesses. We have provided over millions of dollars in funding to help out our clients.

Can I Apply Even With a Bad Credit?

With our creative financing options and plans – you can! You can also opt to bring in a credit partner if you’re not too confident with your credit track record. The point is, you don’t have to worry about having bad credit – we at SoFlo Funding got you!

Never worry about your bad credit, apply for our creative financing plans and get the house you’re looking to purchase!

We’ll Be Your Best Choice

At SoFlo Funding, we don’t take bad credit to people who do not have a good credit history. We believe that the credit standing is something that can be fixed – and it’s not always because of the fact that people are avoiding their payables.

Enjoy the creative financing option we offer our clients and get up to a total of $300K! Get the funds easily and swiftly – and get approved within 2 business days!

Using our advanced and high-tech software and programs, we have developed a way on how we can properly and swiftly determine the eligibility of the clients who apply for our loans. Never waste time with us – get the results in less than a week so you have ample time to plan ahead!