A personal loan is a loan that a borrower takes out that’s not used for a mortgage or car. A personal loan may be used for travel or to pay down other debt. You can also borrow money from friends or family and consider it a personal loan.
Today on the Ilyce Glink Show, Ilyce ran down some of the ways loan options will be restricted, thanks to a new set of guidelines that has just been published by some of the country's top lenders. She answered questions about whether to go through with a new construction purchase, and talked to a seller about whether she could sue a buyer to make sure he closed on the purchase of her house. Don't forget to sign up for Ilyce's weekly newsletter and check out the videos at www.expertrealestatetips.net. and be sure to subscribe to her YouTube channel.