Hard money loans are generally funded by private lenders and usually have a term of six months to one year. However, according to Montegra, it’s possible to get longer terms of up to two or even three years in certain circumstances. They require monthly payments of either interest or interest and a bit of principal…. Read more »
According to American Debt Statistics, the average American has roughly $38,000 of debt, excluding mortgages. Too often, having too much debt can impact your credit score negatively if you fail to make payments on time. This, in turn, affects your chances of getting approved for a loan in the future. If you have a not-so-perfect… Read more »
When you have bad credit, it might seem like getting a loan is impossible. However, that’s not the case at all. You can still get a loan if you have a poor credit score. Read on to find the best solutions for getting a loan if you have bad credit. How to Get a Loan… Read more »
Investing in real estate can be an excellent way to generate wealth and increase your income sources. However, investing in real estate is often a risky venture, and it requires substantial financial muscle. As a result, many traditional banks are hesitant to lend money to real estate investors because of the potentially high risks. If… Read more »
Private money lenders, or hard money lenders, give real estate loans that are based on the value of the property. When a bank turns you down for whatever reason, a hard money loan is the answer. A hard money lender offers bad credit loans, hard money loans, and private money loans. Get money lent to… Read more »
Flipping houses is one of the most lucrative business opportunities available in today’s market. Furthermore, many house flippers have begun their businesses through hard money loans, which allow them to purchase homes to flip. House flipping requires grit and determination, and is not as easy as some may seem. As a home flipper, you must… Read more »
Flipping and renting out homes can be an excellent way to create another profitable stream of income. However, if this is your first time going through the process, make sure to keep these rules in mind to ensure things go according to plan. 1. Be ‘Over-Prepared’ When Doing the Numbers When dealing with any financial… Read more »
With roughly 50 different hard money lenders in Atlanta, Georgia, there’s a wealth of opportunities for taking advantage of hard money loans. But what exactly is a hard money loan and how can a hard money lender be of benefit to you? This article will answer these questions and more. What Exactly Is A Hard… Read more »
Have you ever heard of “hard money loans?” They are also known as private money loans. Do you imagine a guy in a dark trenchcoat and glasses with a briefcase full of hard, cold cash? You’re a creative thinker if so, but that is not the case. There have been bad lenders who have given… Read more »
A hard money loan is a private lending alternative to obtaining traditional loans in Atlanta, GA. These loans are usually for those seeking funding in the real estate business. Hard money loans were started in the late 1950s when the credit industry was in a state of significant change. These loans are typically short term,… Read more »