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    2 Replies Latest reply on Oct 28, 2008 11:15 AM by WarrenD

    Questions about Loans?

    WarrenD Adventurer
      Hello Community,

      Can anyone tell me about a non conventional loan, or an investment loan?

      Thanks Warren
        • Re: Questions about Loans?
          LUCKIEST Guide

          From Wikipedia, the free encyclopediaIn general, any loan which does not meet guidelines is a non-conforming loan. A loan which does not meet guidelines specifically because the loan amount exceeds the guideline limits is known as a jumbo loan.

          INVESTMENT LOAN

          Using debt as leverage to purchase investments can magnify your return.
          The downside is that you also increase your risk. For example, if your
          investment were to lose all of its value you would not only have lost
          your investment but you would still owe the balance on the loan.