Archive for August 2021

There are several types of loans. Some require you to have a good credit score before applying and being approved, and some require collateral. A hard money loan is a type of loan that you can secure with your property instead of your creditworthiness. This term was coined in the 1950s. Unlike other types of…

In real estate, there are several types of mortgage loans available. The most common mortgages are traditional real estate loans offered by banks, savings and loans and mortgages lenders. Traditional mortgages have the lowest interest rates and the lowest loan charges, however, the qualification requirements are fairly stringent and every borrower must meet the minimum…