You’ve found a great opportunity to make some money. You’ve heard about hard money bridge loans but you don’t know what to expect? Here are some of the basics
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1. DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE SCORING SYSTEM. This would include adding new accounts, co-signing a Loan, changing your name or address with the bureaus. The less activity on your reports during the loan process, the better. 2.DON’T APPLY FOR NEW CREDIT OF ANY KIND. Including [...]
Conventional loans are the tool of most home buyers. Lending institutions loan money to the buyer based on credit history and income. Hard money loans are less dependent on credit score and revolve around assets, instead. There should be no confusion that one is a substitute for the other. When buying a house there are many choices in loan options, but the choice between conventional or hard money is not one of them. Hard money loans are for unique, often distressed situations.
Commercial hard money should only be thought of as an option after you have exhausted all other sources and have come to the conclusion that you just won’t qualify for a conventional loan. The choice, though hard for many borrowers, is normally simple. Either lose your business or building or accept the terms offered [...]
We all know banks are not lending money. We also know that the few opportunities that may exist from borrowing are made much more difficult by the banks requiring better credit than ever, and many of you have suffered credit hits because of the current downturn, reduced revenues and increased overhead expenses. Thus, it is [...]
Aspire to start your own business or expand the existing one? Don’t let financial problems come in the way of your profits. Lack of asset like home or any other residential property may pose a problem in getting loans. But, as it goes, if there is a problem, there has to be a solution to [...]
Are you fed up of doing a job? Do you want to start your own business? Is the shortage of funds creating a problem? Don’t worry, as Start up business loans would play the role of a lifesaver for you. Owing a business is a dream that almost everyone nurtures. But many are not able [...]
Starting a new business venture is one of the most exciting and challenging journeys that one takes. Understanding these challenges and careful business planning can help lead to a successful business launch. Among the first challenges in launching a new business is arranging for finances. It is here where Business loans come in the picture.