3 Reasons You May Need a Private Money Loan This Year
Since the recent financial crisis, more and more real estate investors are using non-bank, private money loans to finance their investment properties. During the period of 2008 to 2010, many banks weren’t lending, and credit in general was tighter than a drum.
Real Estate Investors Use Bridge Loans Versus Bank Loans
Will the days of bank lending ever return to the years leading up to 2008? In those days, as the old saying goes, “If you could fog a mirror you could get a loan.” But for real estate investors who can’t wait around for banks to make ‘turtle-like’
6 Items You Need to Close a Rehab Loan Fast
Get started on your rehab faster with a hard money loan because so few banks will lend on vacant properties in need of repair, it is often a hard money lender that will finance a rehab loan instead of a bank. Every hard money lender has a particular list of requirements needed to close a rehab loan.
Private Money Mortgage is Alternative to Home Loans for Bad Credit
Unlike “Pay Day” loans, title loans, or other similar fast credit options, homes loans for bad credit have practically ceased to exist since the onset of the crisis. Because so many people suffered blows to their credit scores as a result of the financial meltdown of 2008,