The appraisal is an important part of the refinancing process. Investors need the reassurance that the home value is well above the refinance level. Chances are they won’t accept loans for values too close or even above the appraised value of a home. There are steps one can take to improve the appraisal process. A...Read More

Many homeowners look forward to the day their mortgage is paid off and their home belongs to them, free of debt. Some people may be able to pay cash for the home and own it free and clear from day one. While not many can pay cash for a home even if they wanted to,...Read More

Buying a home means having to make several important decisions. Among them, you’ll need to figure out how you intend to provide financing. This often means choosing between cash or applying for a mortgage. Buying a home with cash has its benefits if you have the means to do so. You can avoid having to...Read More

Ever since the issues with the housing market circa 2008, traditional lenders have upped their mortgage lending requirements substantially. If you have defaulted on a previous loan, if you have unpaid credit card bills, if you owe child support, collections, unpaid property taxes, all of these and more can prevent you from receiving loan approval....Read More

A hard money loan is typically secured using real estate. This begs the question, “Is it possible to secure a hard money loan without the use of real estate?” There is no definitive yes or no to the question as it will depend on several circumstances.A fundamental way to sway an investor to provide a...Read More

There is the common term “hard money” which most people are familiar with and then there is “soft” money, which may not seem quite as familiar. These two share a few similarities, but there are also significant differences. Let’s take a brief look at the two and how they may affect you as a borrower....Read More

You’ve secured the hard money loan funds for a fix and flip. As an investor, time is of the essence as it can affect the bottom line because of factors like loan interest payments, changes in the market, or property taxes. Furthermore, the project risk increases as time passes between its purchase and sale. How...Read More

As more people choose to go the hard money lending route versus dealing with the hurdles of a conventional loan, prospective borrowers must do their homework and avoid common mistakes. Let’s explore two of these. For starters, borrowers should have a solid foundation of how much money they need to borrow. Many private loans are...Read More

Hard money loans remain a great choice for real estate investors that want to take advantage of the many benefits associated with “fix and flip” properties. The money can be obtained quickly and the loans can be paid back in months versus years. How do you find these lucrative properties? It’s easier than you may...Read More

If you’re just getting started with the world of hard money lending, you may be wondering whether an uptick in federal interest rates will affect the rates for a hard money loan. To put it simply, hard money loans rates are affected by supply and demand. Supply and demand play a pivotal role when it...Read More