A bank or other institution that makes funds available with the expectation of repayment of principal and interest. Common loans include mortgages, auto loans, lines of credit, credit card loans, and loans for boats, RVs, and other large purchases.  Less common loans include business loans, reverse mortgages, 401k loans, margin loans from brokerage firms, and lines of credit that collateralize securities.


As wealth managers, we advise clients regarding the desirability of purchases using cash versus financing. When acquiring a loan is beneficial, we work with lenders to secure the most advantageous terms possible. We work with both banks and mortgage brokers, and with reverse mortgage lenders when that strategy is appropriate. We offer margin on our non qualified accounts, the purpose of which is not leverage, but rather as overdraft protection.