Tag Archive | "Virgin Money"

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Peer-to-Peer Lending Grows in Popularity

Taking out a mortgage from the bank is becoming more difficult. Instead of waiting out the credit crunch, a growing number of potential homeowners are seeking loans elsewhere: from their family and friends. The Baltimore Sun reports: ” Your loan could prevent a loved one’s foreclosure, bankruptcy or other dire fate. You’d be a hero. Then again, the [...] [...more]

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Peer-to-Peer Lending: Mortgages from Friends

Sure, lenders are offering sub-5% mortgages these days. But, unfortunately, qualifying has become extremely difficult. If you don’t meet the strict requirements set by the banks, you may not be able to take out a loan at any rate. Some of the creative financing methods I’ve discussed in previous posts (FHA loans, seller financing, etc.) are [...] [...more]

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