How to Get Funding When Banks Won’t Lend
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The rules of real estate and lending have changed.
Major banks shut their doors. Property values plummeted. Families were faced with the reality of bankruptcies, short sales, and foreclosures.
As you know, the past five years have been challenging for many families. If you have tried to apply for a mortgage loan through a bank or credit union, you have learned how hard it is to meet their tight credit standards. Even people with perfect credit or massive amounts of cash have been turned down by the conventional mortgage lenders.
It didn’t matter if you had $400,000 cash sitting in your savings account. If you didn’t meet the guidelines for a $200,000 loan, well, you didn’t meet the guidelines. Plain and simple.
This is the new economy.
So many things have changed in the world of real estate lending since 2007.
You can no longer get 100% financing with no verification of income. You can no longer qualify for a $500K loan just because you have a heartbeat and the ability to fog a mirror.
With all the changes in real estate and lending regulations, you need to get informed about the different options that are actually available to you. The reality is that most people don’t even know that private money loans exist.
Here’s the good news for you. You can get straight-forward answers on the most common questions about private money loans by simply subscribing to this blog.
Learn about your options.
After reading this free e-book, you will have a good understanding of how private money loans work and how they are different from conventional bank mortgages.
You will also know if a private money loan is a good option for you based on your unique current situation and future goals.
No Obligation, and No Commitment.
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