4 min read
Ted Spradlin: Sep 2, 2023 1:41:09 PM
If you're seeking a hard money second mortgage to cure the foreclosure action on the owner-occupied first mortgage secured by your primary residence, First Capital Trust Deeds (FCTD) CANNOT do this loan. FCTD doesn't originate consumer purpose hard...
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2 min read
Ted Spradlin: Aug 26, 2023 11:54:07 AM
When you're in the world of real estate financing, navigating all the options can be a maze. Among the many choices, hard money second mortgages have...
2 min read
Ted Spradlin: Aug 21, 2023 6:33:09 AM
When a hard money second mortgage lender forecloses their position, one of two things happens. If the property sells at auction on the courthouse...
2 min read
Ted Spradlin: Aug 3, 2023 5:41:08 AM
If you’re trying to estimate the costs for a hard money second mortgage, we've got you covered with this blog post on pricing, closing costs, terms...
2 min read
Ted Spradlin: Jul 24, 2023 9:07:43 AM
A business purpose hard money second mortgage is a type of loan issued by nonbank private lenders, including individual trust deed investors, family...
4 min read
Ted Spradlin: Jul 24, 2023 6:50:04 AM
Every year, we receive one or two financing inquiries asking for a hard money second behind a reverse mortgage. It’s an excellent question, and...
2 min read
Ted Spradlin: Jul 23, 2023 12:51:17 PM
This article offers homeowners alternatives to consumer purpose hard money second mortgages. Most private lenders don't offer these types of loans,...
2 min read
Ted Spradlin: Jul 23, 2023 8:48:52 AM
A consumer purpose hard money second mortgage is a loan where the loan funds, or proceeds from the loan, will go toward a personal use, such as...
1 min read
Ted Spradlin: Jul 23, 2023 7:45:59 AM
First Capital Trust Deeds (FCTD) has a minimum loan amount for a hard money second mortgage of $150,000, at a maximum combined loan-to-value (CLTV)...
2 min read
Ted Spradlin: Jul 23, 2023 6:27:53 AM
In order to obtain a hard money second mortgage, you'll need to know the acceptable ratio between the balances of the first and second mortgages. In...
