At TheBroker.Finance, I believe financing is easier to understand when the information is explained clearly and without a lot of unnecessary jargon.
This resource center is designed to help business owners and homeowners learn more about financing options before making a decision.
Whether you are trying to finance equipment, need working capital for your business, or are considering a reverse mortgage, the goal is to give you practical information that helps you understand your options.
Business Financing Resources
Business financing can look very different depending on the type of business, the amount of money needed, the purpose of the funds, credit, revenue, time in business, and other factors.
These resources cover some of the most common financing questions I hear from business owners.
Equipment Financing
Learn more about financing new and used equipment for your business.
Topics may include:
- Equipment financing requirements
- Equipment financing with bad credit
- Equipment leasing
- Construction equipment financing
- Truck financing
- Tow truck financing
- Private-party equipment purchases
- Startup equipment financing
- Sale-leaseback financing
[Explore Equipment Financing Resources]
Working Capital & Business Funding
Sometimes a business does not need equipment. It simply needs additional cash.
Working capital can be used for payroll, inventory, expansion, marketing, repairs, seasonal expenses, new contracts, and other business needs.
Our working capital resources explain the different types of business funding that may be available and some of the factors lenders consider.
[Learn More About Working Capital]
Commercial Financing
Commercial financing can include commercial real estate loans, investment property financing, refinances, bridge loans, private money, hard money, business acquisitions, and other business-purpose transactions.
Because commercial lenders can have very different guidelines, it is important to understand how the type of property, loan amount, cash flow, credit, and purpose of the loan can affect financing.
[Explore Commercial Financing]
Business Financing With Bad Credit
Bad credit can make financing more difficult, but it does not always mean there are no options.
Some lenders may consider:
- Business revenue
- Time in business
- Bank deposits
- Down payment
- Equipment value
- Collateral
- Overall cash flow
The stronger the rest of the transaction is, the more options a business may have.
[Learn More About Bad Credit Business Financing]
Reverse Mortgage Resources
Reverse mortgages can be useful financial tools for the right homeowner, but they are also very different from traditional mortgages.
I believe homeowners should understand exactly how a reverse mortgage works before deciding whether one makes sense.
These resources cover many of the questions homeowners and their families commonly ask.
How Does a Reverse Mortgage Work?
Learn the basics of reverse mortgages, including:
- Who may qualify
- How home equity is accessed
- What happens to an existing mortgage
- Homeowner responsibilities
- How repayment works
- What happens when the borrower sells or leaves the home
[Learn How Reverse Mortgages Work]
HECM Reverse Mortgages
A Home Equity Conversion Mortgage, commonly called a HECM, is the FHA-insured reverse mortgage program.
HECMs are the most common type of reverse mortgage and may provide eligible homeowners with several different ways to access home equity.
[Learn More About HECM Reverse Mortgages]
Reverse Mortgage Line of Credit
A reverse mortgage line of credit may allow eligible homeowners to leave part of their available proceeds unused and access the money later when needed.
This can be useful for homeowners looking for additional flexibility during retirement.
[Learn More About Reverse Mortgage Lines of Credit]
Jumbo & Proprietary Reverse Mortgages
Homeowners with higher-value properties may have options outside of the traditional HECM program.
Private lenders offer proprietary reverse mortgage programs that may allow access to more home equity depending on the borrower and property.
[Learn More About Jumbo Reverse Mortgages]
Reverse Mortgage for Purchase
A reverse mortgage can also be used to purchase a new primary residence.
This may be an option for homeowners who want to downsize, relocate, move closer to family, or purchase a different type of home while keeping more of their available cash.
[Learn More About Reverse Mortgage Purchase Loans]
Reverse Mortgage Questions for Families
Adult children often have just as many questions about reverse mortgages as the homeowner.
Common questions include:
- What happens to the home after the borrower dies?
- Can heirs keep the property?
- How is the reverse mortgage repaid?
- What happens if one spouse is younger?
- Does the homeowner still own the house?
[Explore Reverse Mortgage FAQs]
Blog
The blog covers current financing topics, frequently asked questions, lender guidelines, financing strategies, and other information related to business financing and reverse mortgages.
Some articles are designed for business owners looking for specific financing options.
Others are written for homeowners trying to better understand reverse mortgage programs.
Visit the Blog
Frequently Asked Questions
Financing can be confusing because there are so many different programs and every lender has its own guidelines.
Some of the questions I hear most often include:
Can I finance equipment with bad credit?
Possibly. Credit is important, but lenders may also consider revenue, time in business, down payment, equipment value, and the overall strength of the transaction.
Can a startup business get financing?
Some lenders work with startups, although the requirements are usually different from programs available to established businesses.
Can a reverse mortgage pay off an existing mortgage?
In many situations, yes. The existing mortgage would generally need to be paid off as part of the reverse mortgage transaction.
Do I still own my home with a reverse mortgage?
Yes. The homeowner continues to own the home and remains responsible for property taxes, homeowners insurance, maintenance, and other loan requirements.
What if I am not sure which financing program I need?
That is normal.
You do not need to know exactly which program you need before contacting me.
Tell me what you are trying to accomplish, and I can help you determine which financing options may be worth exploring.
Need Help Finding the Right Financing Option?
There is a lot of information online about financing, and not all of it applies to every situation.
Sometimes the easiest way to figure out your options is simply to talk through the transaction.
If you are a business owner, tell me what you are trying to finance, how much you need, and a little about your business.
If you are a homeowner considering a reverse mortgage, tell me about your home, current mortgage, and what you are trying to accomplish.
From there, we can look at the situation and determine what options may make sense.
Call or text Shawn at (714) 271-8524 or email Info@TheBroker.Finance.
[Business Financing Resources]
[Reverse Mortgage Resources]
[Contact Shawn]