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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 does [...] [...more]
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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 for [...] [...more]
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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 an [...] [...more]
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A growing number of home-seekers are looking for properties that offer seller financing. As sellers become desperate to unload unwanted properties, they’ve become more willing to work with prospective buyers in any financial situation. However, properties with seller financing are still few and far between. The majority of desperate buyers have little to no equity [...] [...more]
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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 the [...] [...more]
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The Countrywide House America Loan can be used to help borrowers in non-traditional financial situation such as: not having an established credit history, having an irregular source of income, or lacking the cash for a down payment. Countrywide House America Loan Qualifications Countrywide House America customers must be able to meet traditional loan qualification standards with these [...] [...more]
