A Funny Way to Remember When Property Taxes are Due

Private Money Blog | Private Money Loans | Private Money Lenders in California

There are simple things in life that you just never forget. Like tying your shoes and riding a bike.

Then there are those very important things that you should not forget. Like paying your mortgage and property taxes.

Let’s face it and be real with ourselves. Taxes are an ongoing responsibility of real estate ownership and it doesn’t matter whether you have a mortgage loan on your property or you own it free and clear. As the famous Benjamin Franklin so gently put it, taxes are one of those things we simply cannot avoid.

Home

The Rules of Real Estate and Lending Have ChangedMajor 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

5 Smart Questions You Should Ask Before Applying for Private Money

Private Money Loans

“You Don’t Know What You Don’t Know…”

Have you ever filled out a loan application or jumped into a financial agreement without ‘really’ understanding all the key terms of the loan?

Do you always read ALL the fine print?

If you’re like most people, you will never learn everything there is to know about real estate and financing. Laws and lending regulations are constantly changing, so it’s tough to keep up with everything – even for licensed brokers.

A Scary Fact Your Real Estate Agent Might Not Tell You

Private Money Loans

Have you ever heard a friend or family member tell you they ‘had’ a loan approved only to find out later that their loan ‘fell through’ for some odd reason? This is unfortunate for some home buyers in today’s market, but it’s a reality of real estate.

Here are several facts you should know about real estate and loans:

Why Condos are Tougher to Finance

Condos - Private Money Loans in California - Private Money Loans in Santa Rosa, CA

Are you looking to purchase or refinance a condominium in the near future?

If so, there are a few things you should know about condos that will make it harder to qualify for a loan compared to a single family home.  This article explains some of lending challenges that come with condominiums and how you can avoid potential delays in your loan process.

Are Interest Only Loans Good or Bad?

Loan Calculator
My Qualifier Plus mortgage calculator. I’ve had this bad boy for about 9 years now.

Are interest only loans good or bad?

That’s a great question. Actually, it’s kind of a trick question. Maybe even a little silly.

It is similar to asking whether lifted Chevy pickups are good or bad.

It’s a tough question to answer with a simple good or bad response because it really depends on your needs and goals. (What you’re trying to accomplish and where you are planning to go.)

So the better question would be, “Is an Interest Only loan the right option for me?”

Real estate loans with Interest-Only payments are certainly not the right fit for everyone.  With private money loans, however, the interest only option does make a lot of sense for many borrowers – especially on investment properties.