Why A Hard Money Loan? While most people who have anything to do with real estate have heard of hard money, otherwise known as a private money loan, there are still many who can’t imagine a use for it. Who can blame them? The rates and fees are higher than banks charge. For someone needing
The Difference between Hard Money Loans and Private Money Loans If you’re considering investing in real estate, there are many reasons to appreciate hard money and private money loans. This is especially the case when you compare them to more traditional lending options like bank loans. If you’re agonizing over how to get a home loan
Let’s face it. Life happens.
She can throw you a curve-ball every once in a while.
So what can you do when your ‘Plan A’ takes a financial detour?
Have you ever filled out a mortgage application and didn’t know exactly what number you should put into the Loan Amount box?
If you have done a cash-out refinance in the past, perhaps you’ve been surprised to find out that you were not getting as much cash back as you initially thought.
Calculating a loan amount is pretty straight-forward on a purchase transaction, but a refinance loan can be pretty tricky – especially on a cash-out refinance.
We recently helped a family secure a 7-year loan against the equity in their home for debt consolidation and other personal reasons.
They’ve had the property for nearly 30 years and already owned it Free & Clear.
However, the family was in a situation where they needed cash to bring their property taxes current and also keep a large cash savings for future family and home expenses.
By Gabriel Knight
Just like residential properties, it’s possible to refinance your investment property as well. In fact a refinance is a suitable solution for people who struggle to manage the loan on their investment properties. Refinancing will help to keep the interest rate low and structure the investment property debt in a way to increase the chances of making profit.
4 Most effective tips that will help to refinance investment property
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.
Manteca, CA – San Joaquin County Loan Summary: Single Family Home – 3 Bedrooms / 3 Bathrooms 1,716 square feet (approx.) $60,000 Loan Amount (1st Lien Mortgage) 23% Loan-to-Value Owner Occupied The Funded Loans series is designed to give you a better idea of actual transactions we have recently closed.
Petaluma, CA – Sonoma County Loan Summary: Single Family Residence 1,895 sq. ft. | 3 bedrooms / 2 bathrooms $36,000 Loan Amount, 2nd Lien 53% Combined Loan-to-Value Owner Occupied The Funded Loans series is designed to give you a better idea of actual transactions we have recently closed. We
“Failure is the opportunity to begin again more intelligently.” – Henry Ford
It’s no secret that a bankruptcy is one of the worst things that can happen to your finances and credit history.
So that’s the bad news…