Bad credit makes it almost impossible to get a loan. Or does it? In some cases, yes. If you’ve been asking yourself, “Can I get a loan in spite of it?” The answer is yes again. Having substandard credit is a hard hill to climb but not one that’s not insurmountable. You’re considered high-risk to… Read more »
Private Money Lending: What You Need to Know About Hard Money Loans
If you’re in the market for real estate to invest in you have to move fast. You’re on a short timeline if you want to close the deal of your dreams. It can take anywhere from 30-60 days to get approved for a loan. By that time, the property won’t be there. So what do… Read more »
How to Get a Loan with Bad Credit
Do you have bad credit? If so, you already understand that a poor credit score can affect everything from the type of credit cards you’re eligible for to whether or not a landlord will rent an apartment to you. Bad credit also means that it can be difficult to get a loan from traditional banks… Read more »
What to Look for In Hard Money Lenders
Are you into flipping homes? Or do you need some quick money for another real estate program? If so, don’t run to a financial institution looking for help. Chances are, by the time your loan is approved the property will be gone. Instead, consider getting a hard money loan. If you’re located in Georgia, look… Read more »
What Determines Hard Money Loan Rates?
Hard Money Loan Rates. A hard money loan is one of the easiest ways to get money fast. It’s a great option if you are trying to flip a house or can’t get credit. The downside is that these loans often come with high-interest rates. Before you take out a hard money loan, it’s important you understand what… Read more »
How to Use Hard Money Loans for Real Estate
Have a little money that you’re looking to invest? Investing in rental properties or fixing up and flipping houses can be a profitable undertaking. But these types of investments require a substantial amount upfront and you might not have quite enough. Banks aren’t interested in lending to you since your credit report is less than… Read more »
5 Benefits of Using Hard Money Loans
Ever heard of hard money loans? Don’t worry, they’re not loans that are doled out solely in coins. That would be a royal pain! Rather, they are loans that come from private lenders rather than institutions. Plus, they usually require some form of collateral from the borrower. In some cases, hard money loans are just… Read more »
Hard Money Vs Soft Money: The Difference Between Them
There’s a lot of misconceptions that surround hard money and soft money loans. Often, people don’t realize the distinguishing factor between these loans is their purpose. To obtain a hard money loan from an investor, one must indicate a specific purpose. Soft money loans, on the other hand, are easier to procure as they don’t… Read more »
Hard Money Loans: Pros and Cons
Roughly 80% of the American population currently have out a loan product. That number sheds light on the fact hundreds of millions of people have turned to responsible lenders to help them through financial pinches in their lives. No matter your reason for doing so, if you’re thinking about borrowing money you may be struggling to find… Read more »
What are Hard Money Loans for Real Estate?
You’ve been considering purchasing a home in the near future, but aren’t sure how to fund it. Well, hard money loans for real estate may be your golden ticket. But what’s so special about a hard money loan? Why shouldn’t you go with a traditional home loan? Hard money loans differ significantly from traditional loans… Read more »