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How do I prepare myself to obtain a million dollar loan?

How do I prepare myself to obtain a million dollar loan?

Allow me to preface this by saying a very important factor: I do not need to get a million buck loan today, but i wish to get yourself a million buck loan enough time that is next housing market corrects it self https://speedyloan.net/reviews/ace-cash-express/.

Having said that, i have decided that after the housing marketplace falls, i wish to spend a million bucks as a commercial estate property that is real.

I understand that at this time, it is impossible any bank would loan me personally a million bucks, exactly what are for the items that i could now do right to boost my convenience of financial obligation?

Several things i would like some insight on: need for credit history, exactly just exactly what experience we’ll require, kind of loan providers i ought to approach, down-payment i ought to have prepared, things I’m able to do in order to appear less dangerous to banking institutions, etc.

Chris Mason (Moderator)

I’d like to preface this by saying a very important factor: I do not need to get a million dollar loan at this time, but i want to obtain a million buck loan the time that is next housing market corrects it self.

Having said that, i have determined that whenever the housing marketplace decreases, I would like to spend a million bucks in to a commercial estate property that is real.

I understand that at this time, it is impossible any bank would loan me personally a million bucks, exactly what are associated with the items that i could now do right to improve my convenience of financial obligation?