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...

As the cost of living continues to rise, investing in real estate has become one of the best ways to build wealth. But, not everyone is familiar with how to purchase a property or is knowledgeable about a hard-money loan. Not only does it take time and money, but it also takes knowledge and skills. If you’re ready to start investing, these three steps will help you get started. Understand the Process: To get started, understand the process ...

Property ownership is a key part of the American dream, but making it happen can be more challenging than you anticipate. Having an investment property that you can buy cheaply, renovate and flip for a profit is another common dream. However, since one in three Americans struggles with poor credit, many ordinary people are not able to take advantage of the opportunities they see in front of them. Without approval for a loan or mortgage from a tra...

If you are looking for alternatives to a traditional mortgage, you may be asking what is a hard money loan and how does it work? This kind of loan might be right for you if a conventional mortgage is too difficult to get or takes too long for your needs. What Is a Hard Money Loan? A hard money loan is an option for homeowners who need to get money quickly, using an asset to guarantee the loan. Unlike a mortgage, a hard money loan can be processed...