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What Is the Ability to Repay Rule?
In the early and mid-2000s, mortgage lenders were handing out loans without the notion that they would ever be successfully paid in full. This, along...
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In the early and mid-2000s, mortgage lenders were handing out loans without the notion that they would ever be successfully paid in full. This, along...
1 min read
A private money loan is a type of short-term loan that is funded by private individuals (trust deed investors), family offices, or private mortgage...
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Yes, hard money lenders check credit when they underwrite a new loan application. Even though credit scores aren’t the primary deciding factor to...
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If you’re facing foreclosure, you’re probably searching for ways to save your property from potential sale at auction. Logically, this makes complete...
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Hard money loans are considered "cash" in instances where the property seller mandates the buyer pay with cash rather than with bank financing....
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Yes, nearly all hard money loans are interest-only, with only a few having a fully amortizing payment structure.
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An average person — and even real estate agents or conventional mortgage lenders — may have some questions on how hard money loans work. Maybe you...
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Hard money loans are a popular option for borrowers to quickly fund real estate projects with minimal documentation. However, these loans come with...
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If you’re like most people, you always buy or refinance with a traditional 30-year fixed rate mortgage. You've never considered using a hard money...
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Hard money loans for bad credit used to be a thing back in the housing bubble years of 2003-2007. Borrowers with low credit scores (350 to 550) or...