How Private Money Lenders Can Help You

A woman holding money in front of her face.

If you need funding for a real estate investment, private money lenders can be your best solution. Whether you need the loan and your bank won’t do it despite you owning real estate, or you bought a commercial building and cannot go to the bank for a loan, a private money loan is available for…

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Everything You Need to Know About Private Loans

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When you find yourself in a situation where scholarships and federal student loans are not really covering for all your expenses in terms of your higher education, you can turn to private loans for financial support. Read on to learn more. What Is a Private Student Loan? Private student loans can be considered as student…

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Important Questions to Ask a Hard Money Lender

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Financial questions can be some of the most complicated and difficult to navigate in our lives. One of the hardest things to understand can be a hard money loan. Hard money loans are interest-based, short-term loans for a non-owner-occupied property. To feel confident in their loan choice, most people will need to ask a hard…

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4 Common House Flipping Mistakes to Avoid

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It’s common to read information online about house flipping and think that it’s a fun investment opportunity to try out. However, there are several major mistakes that new house flippers often make that can cost them quite a bit of money. If you’re interested in breaking into house flipping, using private money lenders to finance…

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5 Easy Tips to Have Your Hard Money Loan Pre-approved

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The traditional bank loan application process can be stressful and overwhelming. You may need to jump over various hurdles such as good credit ratings, property appraisals, income declarations before they can consider your loan program. The bureaucracies can have you waiting for more than 45 days for your mortgage approval. Private money loans are an…

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4 Benefits of Working with Hard Money Lenders

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If you’re looking for a mortgage to buy real estate, refinance an existing property, take out a second loan or invest in a flip, private lending may be an option to consider. 1. Greater Flexibility Some borrowers may have been turned down by traditional financial institution or they don’t want to go provide the lengthy…

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Can a Private Lender Help Me Buy Commercial Property?

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When deciding to purchase a commercial building, how you plan to finance this acquisition should be your first consideration. If you are not using cash, you must determine your financing options. Some financing options are to obtain a commercial loan from a bank or from a mortgage broker. You may also qualify for an SBA…

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Is a Hard Money Loan Right for Me?

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There are alternative mortgages options to banks or traditional financing sources. Private mortgages or hard money loans are loans that are funded by private individuals or private money lenders for real estate. Private mortgages fill a need for borrowers and properties that might not qualify or fit within the loan guidelines of traditional lenders. Private…

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