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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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If you are self-employed or cannot easily prove your income through traditional means, you may be able to take out a Wells Fargo Alternative Documentation Loan. Instead of submitting past tax returns or paystubs, you can demonstrate income through the past 6-12 months of bank statements. Wells Fargo Alternative Documentation Qualifications Borrowers must meet traditional lending [...] [...more]
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The Countrywide Fast and Easy Loan helps extremely qualified borrowers with excellent credit skip some of the traditional paperwork and verifications required for loans. Borrowers can purchase a primary residence with as little as 5% down or a secondary / investment residence for as little as 10% down. Countrywide Fast and Easy Loan Qualifications Fast and Easy [...] [...more]
