Posted: Jan 20, 2018 11:49 a.m. ET
Goldman Sachs has debuted a brand new do it yourself loan item — but how exactly does it compare to many other choices?
With Goldman Sachs’ latest loan item, the money-center bank is making a good bet.
Goldman Sachs GS, -1.02% announced Tuesday that it’ll 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 during the pace that is fastest much more than 10 years. Borrowers will get loans in amounts which range from $3,500 to $40,000 for a time period of three to six years. The mortgage product holds no costs — consumers who make belated payments will simply have to pay the attention for anyone days that are additional as well as the bank has stated it can fund the loans within five times for creditworthy borrowers. (more…)