Category: Real Estate

With the competitive interest rates and terms being offered by financial institutions nowadays, it can be quite tempting to get into a personal loan for your needs.

However, getting into debt, be it for going on vacation, buying your dream car or other deserving purposes is always a major concern to many because the debts seem to be a get-less now and pay-more latter scheme to many.

They come with not only high-interest rates but with other additional costs wrapped in the product loans. Therefore it is essential to consider the tips below before choosing the best personal loans for your needs.

Trusty Tips to Help You in Choosing the Best Personal Loan

1.    Shop Around For The Best Deal

Different lenders have different kinds of products for different needs. You’ll want to find a loan provider that gives you the best deal. Depending on your preferences, some loans might require collateral while others demand higher interest rates to offset the risk.

Always compare the type of loan that you are being offered with other types to choose the one that will serve your preferences better. For a great choice home loan, feel free to visit

2.    Look For The Best Personal Loan Lenders

Shortlist the loan providers in your region. Narrow down to the best loan providers for personal loans.

Ideally, the best financial institution to choose should be your local bank. This is because they are well-conversant with your financial capabilities and they may be more than willing to offer you credit.

However, this should not limit your search for other better loan providers if your bank doesn’t have the best personal loans for you.

3.    Compare Different Loans Beyond The Headline Rate

Loan seekers tend to compare loans by looking at the base rates only. Well, interest rates contribute mainly to the cost of a loan. But also, there are other costs that financial institutions wrap in the loan products that can significantly add to the cost of the credit too.

For instance, you may be required to pay application fees, legal, insurance and appraisal fees among other charges before securing the loan. That said, there’s a need to make a comparison before you settle on one lending institution.

4.    Personal Loans With Shorter Repayment Periods

Most people like the enforced discipline to repay a loan within a shorter time frame for various reasons. One, getting such a loan means that you will pay a lower interest rate. Also, the longer you have a bank loan, the more risks the loan carries.

With the higher interest rates coupled with the risks from a long-term loan, you are more likely to end up being a loan defaulter in the long run. Therefore always prioritize loans with a shorter repayment period.

5.    Ascertain Whether You Can Repay the Loan

Don’t just take a loan because you are eligible. Always ascertain whether you can repay the loan before considering taking it. Simply don’t over-borrow.

Borrow only what you need, negotiate for better terms and make the loan as cheap as it can be. Always remember it is easier to get a loan than to repay it.

6.    Better Your Credit Score

Though often overlooked, your credit score can make a significant difference in the interest rate required to be paid on a personal loan. Therefore, you need to up your credit score for lower rates and better terms. You can do this in several ways.

First, you need to maintain a positive credit history- repaying all short or long-term loans you take in good time. You can also add a cosigner. A loan cosigner will add to your credit score and help you lower interest rates to your loan. One thing to note is that the cosigner should also have a good credit history too to help you access better loan rates.

7.    Carefully Go Through Every Detail

Read the fine print and understand all the terms and conditions of the loan. And in case of a doubt, don’t shy away from asking questions for clarifications.

For example, ask about the penalties for late payment and other penalties you may face. By this, you will be aware of the penalties that you will suffer.

8.    Choosing Between a Fixed Rate and a Variable Rate

Which option is the best? Fixed or variable rates?

Variable rates offer lower interest rates at first; then your rates may fluctuate depending on the bank’s standards. By choosing these rates, you are taking a risk, and in case of the interest rates increases, you will also be required to make higher repayments.

On the other hand, a fixed rate offers the same rate for the whole loan term. With a fixed rate your interest will remain the same, and this can help you budget accordingly.

Bottom Line

Obtaining the best personal loan takes some years of carrying out continuous financial transactions, a good credit score, and a solid business background. Before thinking of a personal loan other alternatives to a personal loan. And if it’s the last thing you can do is choosing a personal loan, choose wisely!



Montrose Area Moving Services:  9 Business Listings for moving services including, movers, moving rental, and labor & materials for moving in Montrose, CO.


GEM Moving & Storage:  970-249-3125

Moving Company:  970-240-3118

Western Moving & Storage:  970-249-3570


Moving Rental:

Budget Truck Rental:  970-249-1283

U Haul: 970-252-8287

U Haul: 970-240-1906

U Haul: 970-252-9979

U Haul: 970-249-1477


Moving Services, Labor & Materials:

Mike Gladding’s Moving Services:  970-249-7707

Montrose Area Property Management:  5 Business Listings for property management in Montrose, CO.

Property Management:

Area Best Property Management:  970-249-2588

1st Montrose Property Management:  970-323-5525

Colorado West Property Management:  970-249-2739

Prestige Real Estate & Property Management:  970-252-0090

RE/MAX Alpine View:  970-249-6658

Montrose Area Mortgage Financing:  20 Business Listings under Mortgage Financing for Montrose, CO.

Mortgage Financing:

Alpine Bank:  970-240-0900

Bank of America Home Loans:  970-249-4636

Bank of Colorado:  970-240-4788

Bank of the West:  970-249-1111

Cherry Creek Mortgage:  970-252-9889

Chipeta Funding:  970-252-0791

Citi Financial:  970-249-1500

Cornerstone Mortgage:  970-249-6188

Community Banks of Colorado:  970-252-9076

Fidelity Mortgage:  970-252-1228

Inter-Mountain Funding Corp:  970-252-0306

Major Mortgage:  970-252-1700

Montrose Bank South:  970-249-5641

Republic Mortgage Home Loans:  970-249-1615

San Juan Mountains Credit Union:  970-249-5319

Timberline Bank:  970-240-5489

US Bank:  970-240-6000

Unifirst Mortgage:  970-249-9200

Vectra Bank:  970-252-6085

Wells Fargo Bank:  970-249-0394

Montrose Area Manufactured/Mobile Homes & Parks:  6 Business Listings for manufactured/mobile homes and parks for Montrose, CO

Manufactured/Mobile Homes & Parks:

B & L Mobile Home Service:  970-240-3101

Magnolia Home Center:  970-249-8275

Cimarron Creek Community:  970-249-0493

Northbrook Villas:  970-249-8812

Paradise Village:  970-249-6043

River Meadows:  970-249-8266

Montrose Area Appraisers and Home Inspections:  6 Business Listings for appraisers and home inspections in Montrose, CO.

Real Estate Appraisers:

AA-Advanced Appraisals:  970-249-1420

Beall Appraisals:  970-249-2515

G & G Appraisal:  970-249-2761

Legg Appraisals:  970-323-8998

Mountain West Appraisal:  970-240-9073



Simmons Home Inspections:  970-209-4325

Montrose Area Real Estate:  57 Business Listings for Brokers  in Montrose, CO area.


Absolute Realty:  970-596-2861

Arrowhead Ranch Realty:  970-862-8402

Avery Land:  970-327-0162

Bell Realty, LLC:  970-856-4663

Bernhardt Properties:  970-323-5710

Bertorello Properties:  970-240-0050

Bounty Hunter Realty:  970-626-3271

Brougham & Assoc:  970-240-1601

Byrd & Co:  970-240-3467

Carson Realty:  970-209-0757

Charles McMurdy Realty:  970-323-5214

Cimarron Properties:  970-728-6111

Cobble Creek Properties:  970-240-3884

Coffee Reality:  970-249-6619

Coldwell Banker:  970-249-2449

Colorado Ranch Brokers:  970-240-1199

Cornerstone Colorado:  970-650-2000

Currin Properties, Inc:  970-626-4227

Developer Resources Inc:  970-252-8833

Dunn & Lindsey Real Estate LLC:  970-325-4663

Elk Ridge Real Estate:  970-596-8011

Grace Homes Real Estate:  970-523-5555

Harry Lowe Agency:  970-325-4350

Haynes Reality:  970-240-1831

High Country Properties:  970-249-6789

Janene Bettin, Broker:  970-318-0219

Jim Isler Real Estate:  970-249-0737

Joyce Loss Realty, Inc:  970-249-4217

Keller Williams:  970-252-8528

Lone Eagle Land Brokerage:  970-249-4300

Marilyn Tumlinson, Broker:  970-209-4576

Mesa Realty Unlimited Co:  970-249-2442  970-249-4725

Norris-Snell:  970-209-6326

Oberto & Co:  970-240-3700

Ouray County Properties:  970-325-7216

Pinecone Realty:  970-327-4114

Pioneer Properties LLC:  970-327-0102

Ponderosa Real Estate:  970-626-5236

Premier Properties Group:  970-252-9300

Prestige Real Estate & Management:  970-252-0090

Prudential Kienholz Group:  970-249-8900

RE/MAX Alpine View:  970-249-6658

RE/MAX Cimarron Realty:  970-626-5400

Renfrow Reality:  970-249-5001

Ridgway Real Estate Corp:  970-626-5455

Rocky Mtn. Real Estate:  970-327-0560

San Juan Realty:  970-626-3200

South River Real Estate:  970-249-266

Spencer & Klein:  970-240-1122

Strategic Real Estate:  970-240-6119

Tamarack at Arrowhead:  970-862-8375

Trice & Co:  970-252-0204

Uncompahgre Valley Realty:  970-209-1851

United Country Sneffels:  970-626-3555

United Country Westmark:  970-240-4800

Wyrick Real Estate:  970-275-4277

Are you searching for a Real Estate Professional that focuses on the Montrose, CO area?

Our Real Estate section is a useful resource for anyone who’s searching for Real Estate Professionals. Our listings include: Real Estate offices, Real Estate Brokers, Real Estate Agents, and homes for sale specialists as well as many related Realty and Financial service companies.

You can find more detailed information on our featured Real Estate Brokers, Real Estate Agents, and Real Estate office organizations.

Thinking of relocating or have a change in your housing needs? Montrose is truly one of the best kept secrets on the Western Slope of Colorado.