Taking out a hard money mortgage can be a useful short-term solution to some struggling buyers. However, if you’re ever on the other side of the equation (i.e. asked to be the lender instead of the borrower), use caution. Although there are many legitimate opportunities to invest, there are also a number of ways to [...] [...more]
Helping a client take out a hard money loan is not a task most everyday brokers are equipped to handle. The majority of states do not include hard money mortgage information in their broker training courses and these specialized loans require extensive knowledge and relationships with lenders / investors. If you choose a broker that [...] [...more]
If you’re considering taking out a hard money mortgage, the first thing you’re going to need is an experienced broker. Simple real estate transactions can be done by agents found from flipping through the yellow pages. But, won’t want to leave this one to chance. Here’s what can happen if you choose the wrong broker [...] [...more]
Hard money mortgages have been a hot topic recently. Critics claim that hard money loans are irresponsible, while proponents say these mortgages help homeowners in difficult situations. But, what exactly is a hard money mortgage? And why are so many borrowers interested lately? Basically, a hard money mortgage is a home loan funded directly by [...] [...more]
What is a Hard Money Loan? Hard money loans are high-interest mortgages available from private investors. Desperate borrowers with poor credit scores, bankruptcies, no verifiable income, or too much debt often take out hard money loans when they are unable to qualify for traditional mortgages. Hard money becomes a last resort when borrowers cannot meet [...] [...more]
