Tag: Hard money lender
The Benefits and Uses of Hard Money Loans
Real estate investors, flippers, and landowners are familiar with “hard money.” A hard money loan is based on a secured asset, typically real estate, where the lender is less interested in your credit score and more interested in the property’s value. Hard money loans have been around for a while but have become more popular […]
What Is a Hard Money Loan and What Can It Do for You?
According to the Home Purchase Sentiment Index compiled by Fannie Mae in October, current prospective buyers are not feeling confident about the future of the housing market. Still, they have reported that they’re prepared to wait until things improve. For this reason, many sellers are also contemplating options such as hard money loans to help […]
First Time Investing in Real Estate? 5 Types of Loans for Flipping Houses
Relatively few people get into the house flipping game by buying houses with their own cash. Most flippers take out loans, but taking out the right kind of loan is actually harder than one might think. As such, it’s a good idea to familiarize yourself with five of the most common types of loans that […]
Why Are Regulators Cracking Down on Hard Money Lenders?
In the past year, regulators have started to crack down on hard money lenders. In September of last year, New York’s Department of Financial Services began an investigation into nine lenders on the charges of potential predatory lending practices. The state believes that many lenders do engage in legitimate activities; however, it and other regulators […]
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