According to BadCredit.org, roughly a third of Americans have a poor credit score. One of the disadvantages of having poor credit is that it can be difficult to get approved for a loan by a bank or traditional financial institution. This is where private money loans can help.   What are Private Money Loans?   As the term suggests, a private money loan is essentially money you can borrow from a private organization or lender who has fina...

Having bad credit can leave you in a state in which you feel hopeless and incapable of doing much. It’s important to improve it as soon as you can so that you can access more opportunities, so read on to see some of the ways in which you can stay competitive despite having poor credit. Buy the Cheapest Car You Can If you absolutely need to have a car due to work or some other commitment that makes it impossible to live without a car, go for...

The end of 2021 saw a boom in the US housing market and the trends seem positive for sellers for most of 2022. As we enter a new year, what are the trends to look out for? We had a closer look. Mortgage Rates Will Rise There is no doubt that record-low mortgage rates fueled the housing frenzy of 2020 and 2021. Some believe that this was the most important factor in the housing boom. But prices are rising. The Mortgage Bankers Association expects ...

There are many reasons why a hard money loan is considered a last resort. The borrower is required to use their own property as collateral rather than their credit. This loan type also tends to be more expensive than others. The closing cost and origination fees cost more and its interest rates also tend to be higher. Then there’s the down payment which usually falls between 30-40% of the overall loan. As a whole, a hard money loan requires...