How to Close a Rehab Loan Fast
Sunday, March 23
Are you seeking a rehab loan for a property you want to purchase? Because banks typically won’t lend on distressed properties in need of rehab, it’s the hard money lenders who are lending on rehab properties. If you need to get your rehab loan closed quickly, below are six tips for getting to t...
5 Essential Apps for Real Estate Professionals
Friday, March 21
For a busy realtor, being on the go is just part of life. Having an iPad or similar device can bring the office computer right along with the busy realtor. With so apps for real estate, an iPad or similar device is essential for a busy realtor on the go. Here are a list of 5 apps used and loved...
What Factors Most Affect Hard Money Interest Rates?
Thursday, March 20
Any non-bank loan can be called, a private money loan. Hard money loans fall into this category of non-bank financing and are given their namesake because they are loans against “hard” assets. For borrowers used to qualifying for bank loans, the interest rates charged by non-bank lenders may be...
Why are Hard Money Loans so Hard to Understand?
Thursday, March 13
Why are hard money loans so widely misunderstood? A hard money loan is called such because it’s a loan using a hard asset as collateral, usually real estate. Because hard money loans are non-bank loans, most people don’t understand the process or the costs of a hard money loan. For real estate ...
Those Seeking Home Loans for Bad Credit May Hit Dead End
Monday, March 10
If you have a short sale, foreclosure, or bankruptcy on your credit, it is not likely you will be able to qualify for a home loan for awhile. Depending on how much time has passed since the bad mark actually dinged your credit, you could be waiting years to get a home loan. For those with ba...
Private Money Mortgage is Alternative to Home Loans for Bad Credit
Saturday, March 08
Unlike your typical payday loans, title loans, or similar fast credit options, homes loans for bad credit have practically disappeared. Because so many people have suffered big drops in their credit scores as a result of the financial meltdown of 2008, getting a home loan has been a dream. And ...