Posts Tagged: bad credit loan

Don’t Make These 7 Personal Loan Mistakes

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Don't make these 7 mistakes with personal loans

At some point in your life, you will probably be applying for a personal loan to finance your dream home. However, it is important for you to be extra careful when applying for a personal loan. There are a few common mistakes people make that end up jeopardizing their financial status. Let’s have a look at a list of seven common mistakes that people tend to make while availing a personal loan, or an installment loan. 1. Grabbing the first loan that is offered Since an individual loan is an unsecured loan which does not require you to provide collateral, the rates of interest are…
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8 Ways to Boom Your Business with an Unsecured Business Loan

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8 Ways to Boom Your Business with an Unsecured Business Loan

Businesses require funds to finance their operations. Finances to fund businesses are not readily available due to unfavorable changes in the world economy, such as recession and inflation. These factors make lending a very expensive affair. As an entrepreneur, you must come up with ways of getting funds to finance your activities at a very low or no cost. The following are ways in which an entrepreneur can finance their business with unsecured business loans. 1. Unsecured loans This is a crucial source of funding as it cushions the owner of the business against the risk of closing down when the funds to finance operations are drained….
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5 Major Myths About Real Estate Investing

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Myths and facts about real estate investing

Looking to invest your extra cash in the hopes of turning a profit? Curious about whether or not stocks, bonds, or real estate opportunities might be good options for you to explore as a means of making a little money? The first step is to gather information and know the facts when it comes to investing. Whether you’re looking to win big on Wall Street or just make a dollar or two and buy of bonds, information is key. Lately, real estate has been growing in popularity as a promising investment avenue for potential investors. More and more Americans are taking their chances in the real…
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The 10 Cheapest States to Invest in Real Estate

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10 states where real estate investment is cheap

Saving your money is smart. Investing your money is even smarter. Yet nowadays, the options for investing your hard-earned dollars are a dime a dozen. From stocks to bonds to mutual funds and back again, deciding on which investment choice is best for you can be difficult. More recently, real estate has become another popular option for those looking to turn a profit. Financial experts generally consider real estate investing a more high-risk/high-reward alternative to the traditional securities out there.  Real estate investments are typically much more speculative, require more specialized knowledge, and offer bigger rewards than traditional stocks and bonds. While typically not recommended for…
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The Difference between Hard Money Loans and Private Money Loans

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Hard money loans vs private money loans

If you’re considering investing in real estate, there are many reasons to appreciate hard money and private money loans.  This is especially the case when you compare them to more traditional lending options like bank loans. If you’re agonizing over how to get a home loan with bad credit so that you can take advantage of a fix and flip or other real estate investing opportunity, it may surprise you to learn that hard money and private money lenders don’t care so much about your credit score. Instead, they’re more interested in the fact that you have sufficient capital.  They generally require around 25-35% of the…
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How to Get a Fix and Flip Loan for an Investment Property

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How to get a flip/fix loan for investment property

With the job loss and belt tightening since the onset of the Great Recession, many people have been wary of investments. However, now that the economy is in full recovery mode, adults young and old are beginning to once again consider how to make their money work for them now and in the future.  It’s hard to argue the merits of buying low and selling high in a flourishing real estate market. Of course, some of us are still recovering from the recession and trying to get our personal finances back in order after job loss, home foreclosure, or other financial issues. If you’ve ever pursued the prospect…
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New Trends in Private Money Loans

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Private money loans provide a source of financing for lenders with bad credit or for unconventional purchases. New trends are showing this field is growing.

There are plenty of reasons to appreciate hard money lenders in California, Florida, New York, or wherever you may live. If the thought of investing in short-term real estate projects for profit interests you, such as fix-and-flip ventures, you’re going to need these lenders to help you start or further your interests.  This is especially true if you are seeking home loans with bad credit. Yes, you’ll likely pay a little more in the way of interest than you would with a traditional bank loan.  It’s also true that most private money loans are short-term in nature (say, a year).  However, the trade-off is that private…
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The Most Common Uses for Hard Money Loans

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If you want to make some money in the real estate market but don't have the credit score to secure a loan, then you should turn to a hard money lender.

With the real estate market improving by leaps and bounds of late, it’s not very surprising that real estate investors are keen to get back in on the action. Prices are on the rise, which means savvy investors can find ways to buy low, sell high, and earn a tidy profit along the way. Of course, just because investment opportunities are abundant doesn’t mean that financing for such undertakings is readily available. At the moment, it’s still pretty difficult to secure home loans with bad credit. Whereas traditional lenders were handing out loans with no money down like candy before the financial collapse that sparked…
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How to Leverage Real Estate Equity With Hard Money Loans

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How do you secure a loan to buy investment property if you have bad credit? Hard money loans could be the answer.

Whereas the average home buyer might give up on the idea of buying a home with bad credit after being turned down by multiple lenders, those interested in using real estate as an investment are more likely to continue trying to learn how to get a home loan with bad credit.  There is good news for these persistent house hunters. Hard money lenders can provide a solution for certain types of real estate investors, and if you already have some capital you can take full advantage. In addition, any equity you’ve managed to build through other properties could be leveraged to gain access to hard…
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