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 certainly on the minds of some of the many people with reverse mortgages who need to access equity or...
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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...
2 min read
Ted Spradlin: Jul 23, 2023 5:52:07 AM
If you're searching online for the right lender for a hard money second mortgage, it's important to know your combined loan-to-value (CLTV). CLTV is...
4 min read
Ted Spradlin: Jul 23, 2023 4:56:21 AM
This article delves into the workings of a hard money second mortgage, starting with the personal and financial items a borrower should prepare...
2 min read
Ted Spradlin: Jul 22, 2023 4:12:06 PM
This article outlines the requirements for a hard money second mortgage that you, as a borrower, need to have ready prior to applying for financing....
3 min read
Ted Spradlin: Jul 22, 2023 1:54:25 PM
A hard money second mortgage is a junior lien secured by real estate and usually issued by a private lender rather than a bank or conventional...
2 min read
Ted Spradlin: Jul 21, 2023 9:55:08 AM
This article shows a sampling of some of the best office building hard money bridge loans that First Capital Trust Deeds (FCTD) has originated over...
