How to Secure a Personal Loan Without Mortgage Guarantee?

When you are looking to secure a personal loan, it is important to consider your options. One option is to secure a loan without a mortgage guarantee. This can be done through a number of channels, including through banks and online lenders. Here are some tips on how to secure a personal loan without mortgage guarantee.

1. Know Your Credit Score

Your credit score is one of the most important factors when securing a personal loan. It will help determine your eligibility for a loan and whether you will be offered the best terms. You can get your credit score free annual credit report from each of the three major credit bureaus – Experian, TransUnion and Equifax.You may check out this link if you want to know more about personal loan with mortgage guarantee(also called prestamo personal con garantia hipotecaria in Spanish language).

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2. Consider Using a Credit Union

Credit unions offer loans without mortgage guarantees, which can be beneficial if you have a good credit score and are comfortable with borrowing from a non-traditional source. 

To qualify for a credit union loan, you typically must have a membership in the credit union and be able to provide verification of your income and assets.

3. Look at Online Lenders

Online lenders offer personal loans without mortgage guarantees as well as other types of loans. They are often more competitive with their interest rates than traditional lenders and may offer cash advances as well, which are useful if you need to pay bills while you're waiting for your home purchase to close.