Wondering if an auto title loan or registration loan might impact your ability to secure a mortgage? It’s crucial to understand how these loans work and their potential influence on your mortgage application, especially for residents of Mesa, AZ. Here’s what you need to know about these loans and their effect on mortgage applications.

Everything You Need To Know About Title Loans

What Is An Auto Title Loan?

An auto title loan from Fast Auto Loans, Inc. lets you borrow a lump sum – ranging from $300 to $15,000 – using your vehicle’s title as collateral. For those in Mesa, AZ, this can be an ideal solution for emergency expenses.

With a title loan, your car, truck, or van can be used as collateral, with the loan amount based on the resale value and condition of the vehicle.

What Are The Advantages Of Getting A Title Loan?

When you look for title loans in AZ, you’ll be able to get the cash loan you need without all the hassles other financial lending institutions impose on their potential customers. We can help people facing some of the most challenging times, such as:

• Bad Credit
• Little Credit
• Zero Credit
• Urgent Need of Cash
• Can’t Get Bank Approval
• Bank Approvals Take Too Long

All of these reasons above are prime examples of why you should contact title loans in Mesa. Along with the fact that most people who need title loans AZ, don’t have any relatives or friends they can borrow from, making this option even more appealing.

What Happens To My Car If I Get A Title Loan?

There is a huge misconception that getting a title loan on your car means you lose it. That is simply not true! When you use your car title to secure a fast cash loan, you still have complete possession of your vehicle and can continue to drive it every day.

Your car’s title is just the collateral we use to say that you will repay your car title loan per the agreements outlined in your loan paperwork. We don’t want your vehicle, and we certainly don’t want you to lose your car.

 

 

How Does a Registration Loan Differ from a Title Loan?

The main difference between title loans and registration loans is that your car’s title secures your title loan, and your car’s registration secures a registration loan.

Title loans act as collateral for your loan term, making them easy to acquire, and just about anybody who owns their car has the potential of qualifying for a car title loan.

Registration loans are a little more detailed and have requirements needed other than what you need for a car title loan. You can get all the details from registration loans in Mesa AZ if interested in getting a registration loan on your car.

Both title loans AZ and registration loans are convenient ways of getting cash fast. The requirements are basic, and the processing is extremely quick.

If My Car Is Financed, Can I Still Get A Title Loan?

Unfortunately, you cannot get a title loan on your car if it is still financed through another financial institution. All vehicles used for applying for title loans AZ needs to be free and clear from any outstanding liens.

You must have complete ownership of the vehicle being used for title loans AZ, and there can’t be any money owed to any other party when seeking a title loan on your car. If your car is not in your name or the title is not lien-free, you will have to get these things taken care of at your DMV prior to applying for this loan.

How Fast Can I Get Money?

The entire process for getting a car title loan is straightforward and can usually be done in one day. Once you’re approved, you will have access to your funds either the same day or the very next business day.

Do I Need To Provide Anything When Applying For A Title Loan?

Just like with any loan, you will need to provide a few things when applying for a car title loan. These things are considered essential, and just about everybody has access to them. The items you will need to bring with you include:

• Your Vehicle for Quick Inspection
• Title to Your Car - Must be Lien-Free
• Driver’s License or State Issued ID

That is all you need to apply for a fast cash car title loan. Once you complete your online form on our website, a representative will contact you and make arrangements to meet up. You can choose the location of your choice or meet at any of our Fast Auto Loans, Inc. locations throughout AZ.

For those in Mesa, AZ, looking for fast cash, both title loans and registration loans near you are available to help cover emergency expenses without the hassle of a credit check. Apply online today to see how much you qualify for, and get your money fast!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.