How to Apply for a Hard Money Loan

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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…

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All You Need to Know About Private Loans for Real Estate

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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…

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What Exactly Is a Private Hard Money Loan?

private hard money loan

In need of a real estate loan that is an alternative to traditional or bank mortgages. Private hard money loans serve the same purposes as other types of mortgages but have much more lenient guidelines. What Are Private Hard Money Loans? Private hard money loans are real estate loans funded with private capital. Private hard…

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How Private Money Lenders Can Help You

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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

hard money loan

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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