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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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A growing number of real estate agents are paying special attention to seller financing. Since home sales have decreased in most urban areas, agents are desperate to find new clients. One way to score sales is to offer help to people who cannot necessarily qualify for traditional loans and need seller financing. For agents who are [...] [...more]
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After months of work, we’re finally ready to launch! So, here’s your official welcome to Creative Financing 101. For those who can afford it, now is a great time to buy a house. Foreclosures are making areas that were formerly unattainable rather affordable. Unfortunately, it’s also extremely difficult to take out a loan right now. Traditional [...] [...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]
