loan funding
Basics About Finding and Purchasing Distressed Properties
The real estate industry can prove to be a gold mine. It is fraught with opportunities for the discerning and quick to act. There are basically four types of distressed properties. Each has its pros and cons that every aspiring Read MoreCategories: Fast Loan Funding
Do Increased Mortgage Rates Indicate Easier Credit Options?
After several consecutive years, mortgage rates are on the rise. With refinances dramatically decreasing, banks are beginning to explore new business opportunities. This in turn has some banks decreasing strict loan standards in a desperate attempt to attract new borrowers. Read MoreCategories: Fast Loan Funding
Buying a “Fixer-Upper”
For people that are looking to purchase a “fixer-upper” a must watch comedy is “The Money Pit.” A hit, cult-classic starring Tom Hanks and Shelley Long, this 1986 movie highlights the comical horrors of renovating a dilapidated home. No one Read MoreCategories: Fast Loan Funding
Q&A: A Practical Mortgage Guide
The world of mortgages can seem daunting and overwhelming. Fortunately, Better Than Loans strives to demystify real estate loans, making it easier for consumers to understand the often-overcomplicated nature of the banking industry. How often can someone refinance? People can Read MoreCategories: Loan Funding Tips
Private Lenders Bridging Bank Loan Gaps
With the economic downturn and the housing crisis in full swing, many banks are further restricting their lending requirements, tightening their belts in the wake of hand slapping, money losses and angry shareholders. Offering interim bridge loans, hard money lending Read MoreCategories: Hard Money Loans
Hard Money Loans: Closing Documents
While every hard money lender’s requirements vary, there are a number of common documents required by most private money lenders to successfully close a loan. This includes, but is not limited to the following: Executed Purchase and Sale Agreement – Read MoreCategories: Loan Funding Tips
Down Payments
At the very heart of the mortgage debate are down payment rules and regulations. Experts agree that a full-blown U.S. real estate housing market recovery is unlikely, especially considering government regulators cannot determine the minimum down payment amount required by Read MoreCategories: Hard Money Loans
Buyer Beware: Spotting a Meth Lab
Every year, thousands of meth lab homes are sold to buyers that are unaware that their new home’s insulation, surfaces and flooring is contaminated by poisonous substances. With many buyers looking at short sales and foreclosures, often times the banks Read MoreCategories: Loan Funding Tips
Housing Market Bouncing Back
Across the country, the real estate market is slowly seeing the housing market stabilize and bounce back. The combination of low mortgage rates and steady market demand is coaxing homebuyers out of hiding. In fact, in some cities, the bidding Read MoreCategories: Loan Funding Tips