How Long Does it Take to Get a Bridge Loan?
Tuesday, July 17
Bridge loan timeframes for approvals and funding will vary based on the type of lender and type of property being used to secure the bridge loan.While there are some conventional lenders who will provide bridge loans, banks and credit unions typically prefer to fund long-term loans. Expect an app...
What is a Bridge Loan? How Does a Bridge Loan Work?
Tuesday, July 17
A real estate bridge loan is a short-term loan that allows a property owner to borrow against the equity within their existing property to purchase a new property. Once the new property is purchased the previous property is sold, which pays off the bridge loan. Bridge loans can be used for b...
11 Ways To Tell a Loan Offer is a SCAM
Monday, July 09
Any real estate investor who has spent any time in real estate investor forums, Facebook Groups or other online networks for real estate investors has likely come across loan offers that are complete scams designed to separate you from your money.Getting involved with a loan scammer will result i...
Bridge Loan vs Home Equity Loan vs HELOC - Access Home Equity to Move
Friday, June 29
Homeowners looking to purchase a new home often need to sell their existing home in order to free up cash which typically isn’t a suitable solution. This would require moving out of the existing home to temporary housing and then moving again once the new home is purchased. Moving twice is an...
The Beginner’s Guide to Hard Money Loans
Monday, August 07
Experienced real estate investors use hard money loans (private money loans) repeatedly throughout their career, but new investors don’t always have a clear idea of exactly what they are and how they work. They may think hard money loans involve working with lenders who look like they have mafia ...
The Beginner’s Guide to Hard Money Loans
Monday, August 07
Experienced real estate investors use hard money loans (private money loans) repeatedly throughout their career, but new investors don’t always have a clear idea of exactly what they are and how they work. They may think hard money loans involve working with lenders who look like they have mafia ...