If you’re in the market for a new investment property and you’re having difficulty securing financing, then you may want to work with a hard money lender. Instead of a traditional loan, a hard money loan can really help people seeking to grow their real estate portfolio. What is a Hard Money Loan? Just like… Read more »
The process of building or buying a new house can be hectic without help. While there are several factors to consider before looking for a house, financial constraint is the major obstacle. The availability of bank loans and mortgages is essential to your needs. However, there are instances where your loan application might be… Read more »
According to FICO, approximately 43 million Americans have a credit score of 599 or less. Your credit report and history can have a significant impact on your financial life. Real estate investors with low credit ratings may find it hard to secure traditional mortgage loans to finance their business. Hard money lenders are touted… Read more »
Among the many financial products, hard money loans are some of the most misunderstood. But there is no reason to allow mistruths and myths to continue about hard money loans. Yes, hard money loans can be more costly than other collateralized products (like traditional mortgages or home equity loans). But the reality is hard money… Read more »
Real estate has continued to be a great form of investment for a long time. One strategy to follow when looking to invest in real estate is to “flip” an investment property by purchasing it at a discount, investing capital to make improvements, and then selling it for a profit. There are several tips that… Read more »
So you’ve been rejected for a traditional real estate loan. It’s understandable if you’re devastated at first. But you don’t have time to linger over that feeling. You need to start looking for alternatives, and ideally as quickly as possible. The main alternative that you may be considering is a hard money loan. Private money… Read more »
If you’re an aspiring real estate investor, chances are that you’ve heard of private lending and hard money loans. There are a lot of reasons why real estate investors are typically advised to seek these types of mortgage loans over others, especially when they’re just starting out. While traditional mortgage loans may have their appeal,… Read more »
According to the 2018 Planning and Progress Study by Northwestern Mutual, the average American has about $38,000 of debt, excluding mortgages. It comes as no surprise that 68% of the population has bad credit ratings. Access to traditional loan options is now harder than ever before. More real estate investors are turning toward hard money… Read more »
Statistics show the lockdown has had a devastating impact on the real estate sector. But that should not discourage fix-and-flip investors. A rise in work-from-home has seen a sharp increase in the demand for homes in suburban areas. This means that there are still a lot of opportunities that investors can capitalize on. However, it… Read more »
Being denied traditional mortgage loans can be devastating. However, it’s happening more often than you might think. Ever since the 2008 financial crisis, traditional financial institutions have become more selective in their scrutinization of new borrowers. While it’s understandable that mortgage lenders may have concerns about the credit histories of borrowers, this can make getting… Read more »