Financing Options

Residential Financing

There are four (4) basic ways of financing our home improvement project:

1. Home Improvement Loan
2. Line of Credit
3. 2nd Mortgage
4. Refinance

The interest rate and term of the loan is factored after the complete review of your personal credit situation. Contact us today to allow us to provide you with a free analysis.

Commercial Financing

Commercial Lenders are looking for the following criteria:

1. Minimum of 2 years growth
2. Industry Data
3. Equity Position
4. Management Experience and Expertise
5. Collateral

The interest rate and term of the loan is dependent upon the above factors. When submitting a commercial application to a lender is it extremely important to have your financial package in order, i.e., professionally formatted and packaged. It is our objective at Morris General to assist you in getting a conditional approval over a rejection or turn-down. Once you have been turned-down for any reason it makes you loan pursuit more difficult to attract a certain type of Lender. In addition, we will work with your accounting people or we can provide professional accounting assistance for your load proposal presentation.

We are able to present your loan package to a number of commercial lenders, banks, mortgage companies and investors.

Contact us today to allow us to provide you with a free analysis.