Posted: Jan 20, 2018 11:49 a.m. ET
Goldman Sachs has debuted a brand new do it yourself loan product — but so how exactly does it compare with other choices?
With Goldman Sachs’ loan product that is newest, the money-center bank is making a good bet.
Goldman Sachs GS, -1.02% announced Tuesday it will start home that is offering loans through Marcus, its consumer-focused subsidiary. It comes down at an opportune time. Residence remodeling is defined to surge in the quickest rate much more than ten years. Borrowers will get loans in quantities including $3,500 to $40,000 for a time period of three to six years. The mortgage item holds no charges — consumers who make belated payments will simply be asked to spend the attention for the people additional times — in addition to bank has stated it can fund the loans within five times for creditworthy borrowers. (więcej…)