Pros and Cons of Bridge Loans
What is a Bridge Loan and How Does it work? A bridge loan is short-term financing designed to be a “money bridge” between buying and selling a property. These loans offer an ideal financial solution for homeowners ready to purchase a new house while holding a mortgage on their present residence. A bridge loan can […]
How to Get A Loan to Flip A House
House Flipping as a Business Experienced house flippers will tell you there is much more to flipping a house than what is glamorized on television. Seasoned real estate investors understand the risks and rewards of flipping and have learned to minimize potential pitfalls to generate a meaningful profit. Renovation costs for a house flip can […]
How to Find Hard Money Lenders
What is a Hard Money Lender? To understand who or what a hard money lender is, it is important to first comprehend the concept of these types of loans, which are basically a form of alternative financing obtained through private investors or individuals. These are short-term loans that are secured by the real estate asset […]
5 Important Hard Money Loan Requirements
What Is a Hard Money Loan? The very definition of a hard money loan derives from the fact that these loans are secured by a “hard asset.” Real estate, land, or some other physical commodity with a clearly defined value are the typical types of assets used as collateral to secure a loan. Private lenders […]
How Do Hard Money Loans Work? (Pros & Cons)
What is a Hard Money Loan? Hard money loans, also known as private loans, are mainly used for real estate transactions that are secured by the property as a “hard” asset. These typically short-term loans are more easily obtained and close more quickly than a traditional loan. Hard money lenders can be an individual, a […]
Private Mortgage Insurance – Benefits & Risks
How to use a Private Mortgage A private mortgage makes sense for those having trouble obtaining a conventional loan through traditional banks. The use of private loans gained popularity as the government began to impose stricter mortgage regulations on mortgage banks. Private lenders can offer more flexibility for the borrower and a much quicker loan […]
