Home Mortgage Broker Free Mortgage Broker Business Plan 2.6 Loan Summary Analysis
2.6 Loan Summary Analysis
As you can see from this loan summary analysis, we are currently only seeking one term loan in the amount of $11,350. We are estimating thatthe private party will grant us this loan for a duration of 4 years and that it will be a term loan. While there are options out there whereby we couldalso apply for a line of credit with only an interest only payment due per month, we don't think it is a wise idea to get in to the habit ofpaying interest only, since if were to continue that practice, we would never be able to get rid of the principal.
It is quite possible of course that this loan may not come through or that it may come through at a different terms and conditions than whatwe are anticipating. In the event this loan does not come through for us, both the owners Ryan and David will come in with additional contributions in equity.
Quick Links:
- Go to the Corresponding Template section for this industry.
- Go to the Corresponding Questionnaire section for this industry.
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