Tag: Hard money loan
How a Hard Money Loan Can Boost Your Financial Pursuits
A hard money loan is a type of financing in which property is used as collateral to secure the loan. Hard money loans are typically short-term loans with high-interest rates. They are often used by investors to fund the purchase and rehabilitation of properties. Hard money loans are an alternative to traditional bank financing. What […]
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 […]
5 Types of Loans and How They Work
Consumer debt is one of the realities of adult life. You get it with credit cards, and, more importantly, you get it with loans. Unfortunately, many people get to adulthood without really understanding the different types of loans and how they work. If that’s your situation, keep reading, and we’ll cover some key types of […]
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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