Your credit score shouldn’t be the only thing standing between you and a home. While a bad credit score might make getting a loan impossible, it doesn’t mean you have to say goodbye to your dreams of homeownership. Nearly one-third of Americans have a bad credit score, meaning one in three people can’t get a bank loan to help them buy a house. But without a bank loan, it is virtually impossible to save the cash to buy a home up ...

When it comes to real estate investments, commercial hard money loans are usually one of the go-to options for investors. They are ideal solutions to those situations when you need loans quickly. Depending on your lender, there are several requirements that you’ll need to fulfill. Most importantly, you need real estate assets to use as collateral. Lenders may also require income documentation, credit score, and debt coverage figures. Whatev...

In an ideal world, we would be able to make all our purchases in cash with zero debt. In our current economy, however, that’s simply not possible. When it comes to big purchases like a house, or a car, or to large, unexpected expenses, sometimes the only option for Californians is to take out a loan. For some borrowers, however, conventional financing options aren’t an option. For instance, some studies show that as many as 21 percent...

Hard money loans are a home loan option for borrowers who have credit issues, little to no income documentation or a property with problems and cannot qualify for a conventional loan. They are issued by private financial specialists or organizations rather than by a bank, which permits more adaptability in setting terms and assessing risk. 1. Simpler Loan Applications Since complex bank guidelines are not included, the hard money application proc...

Hard money loans are different than bank loans. The way risk is assessed, the documents required and the loan terms are often different and more flexible in comparison to bank loans. This allows the hard money lender, such as ourselves, to be more creative in creating the financing solution you need. 1. Interest Rates Are Higher Interest rates for hard money loans are going to be higher than bank loans. When you borrow money, you will pay back th...

A private money lender, as the name suggests, is a person (non-institutional) who avails money mainly on a short-term basis to an individual without the major formalities required by institutions such as banks when lending money. When you want a loan on a short term basis without much documentation then this is the best option. Private money lending is famous for the convenience it avails to persons who require financial funding but may fail to m...

Most of us at some time or another have considered the benefits of buying investments or buy-to-rent properties, either to raise cash or as part of a longer-term investment strategy. However, most of us do not have the expertise, capital, or income to be able to take the first step on the ladder. Banks and other corporate lenders will not provide money because you will fail their income-to-debt ratio tests, or perhaps you have a justifiable fea...