Make hard money loans and you get a high rate of return on your cash. You have to do it properly to be safe, of course. You also need a lot of money to invest to do this. What are “hard money” loans? They are short-term loans (usually 24 months or less) made to [...]
Posts Tagged ‘value’
More Business Management Tips:
Ready to Apply? Find Lenders Looking for New Deals
Business Tips & News:
To conclude, if you need money in urgency, where you cant wait for other types of loan due to comparatively lengthy documentation and time required, you should go for hard money loan, which have been devised for such situation. Therefore these are also called special situation financing.
According to the Mortgage Bankers Association, nearly a quarter of a million home owners face foreclosures every three months, across America. Sixty percent of the effected families wish that they knew better about the mortgage they were dealing with. Still, it’s never too late to understand your options in case of a foreclosure. Hard Money [...]
Hard money loans are specialty loan products, only taken on by investors who are willing to invest in high risk loans. The loan to value ratios are low, the interest rates are higher, the points or fees are typically much larger than other mortgage loans, and these types of loans are often due and payable [...]