hard money loans: "Hard Money" makes sense for good credit borrowers - 12/13/06 05:10 PM
Why would a borrower with a 736 FICO score get a hard money loan?
I'm deviating a bit from my earlier blog, So you want to be a California Hard Money Broker?  I know I promised more detailed information about  the disclosure process in California Hard Money transactions and I will.  Tonight, I'm not up to that arduous task.  I'll share with you some reasons why a borrower with GOOD credit would actually pay the high points and rates associated with a "hard money loan"
Introduction:  Private mortgages or "hard money" loans are all about taking on risk that is unacceptable to conventional … (22 comments)

hard money loans: What is "Hard Money" Lending - 09/08/06 10:09 AM
Hard Money Lending is exactly what it sounds like; loans that are hard to do.  Many borrower's needs fall out of the mainstream loan guidelines and they often need a "short-term" fix.  Now I want to be clear, this is not an advertisement for my private-lending practice; it is meant to be educational so that Realtors know that there are other options out there and mortgage brokers might expand their horizons to fill up their pipeline.
A private loan is essentially someone with a lot of money lending to someone who needs it and can't get it from banks or mortgage companies.  … (15 comments)