In order to provide you with a collateral loan, the only thing we have to do is take steps to evaluate your jewelry, watch or diamonds, & make certain they are not stolen. We never run a credit check, & we never report your transaction to a credit agency.
Englewood, CO (PRWEB) June 23, 2010
While there are still many down payment assistance and mortgage related programs, there is one option being offered by Internet Pawn that is often overlooked by potential home buyers: a personal collateral loan against a watch, diamonds, jewelry or gold.
Since the home mortgage related crisis began a few years ago and continues to affect the housing market, buying a house often means home buyers have to acquire a larger down payment to obtain a mortgage for a new home.
"In today's mortgage environment requiring larger down payments to qualify for a new or first home, a loan from Internet Pawn can help the buyer to bridge the gap. Since we do not report to credit agencies, and the transaction is simply moving assets to cash, a down payment assistance loan from Internet Pawn is a solid strategy." Said CEO and founder Todd Hills.
Advantages of using a collateral loan for down payment assistance for a home mortgage:
1)These collateral loans do not affect you income vs. monthly payment calculation.
When you acquire a collateral loan, all you are doing is moving a current asset to cash. If you have jewelry, watches or diamonds that are worth a few thousand dollars or more, you should be reporting these as assets. When you convert them to a collateral loan you receive the cash, with no obligation to pay the loan back, and nothing reporting to any credit agency.
2)There is no credit check with a pawn loan for down payment assistance for a mortgage qualification.
In order to provide you with a collateral loan, the only thing we have to do is take steps to evaluate your jewelry, watch or diamonds, and make certain they are not stolen. We never run a credit check, and we never report your transaction to a credit agency.
3)You can receive your down payment assistance for your mortgage from us within 24-48 hours.
If you have high end jewelry, diamonds or a watch worth $2,000 or more, and you need cash for them fast, you may have trouble selling them quickly. If you do sell them quickly, you are likely to receive a lot less for them than you deserve, because it is not a seller’s market. By utilizing a collateral loan, you can get cash right away, and then choose to sell your item when the market is better or buy it back as soon as you are able. There are other benefits to utilizing a collateral loan for down payment assistance.
About Internet Pawn
Addressing growing demand for alternative financing in the U.S., Internet Pawn offers guaranteed secure, confidential, asset-based loans with consumer-friendly rates and terms online. Unlike other online lenders, Internet Pawn offers loans based on the collateral of customers’ personal valuables such as jewelry and fine watches. Completely discrete, these secured loans have the added benefit of not requiring a credit check and have no impact on the consumer’s credit score. The company offers cash quickly with no payments for six months.
Launched in 2009 by 25-year industry veterans and now backed by investors including Access Venture Partners and Daylight Partners, Internet Pawn is the first Web-based pawn broker in the United States. A member of the Better Business Bureau, Internet Pawn guarantees a premium value based on its experience and proprietary valuation technology, and all transactions are conducted from the privacy of the customer’s home.
The Internet Pawn team is expert at making secured, collateralized loans on watch brands like Rolex, Omega, Tag-Heuer Patek-Philippe as well as, diamonds, gold and almost any item of value. For more information, go to http://www.internetpawn.com.