Here are some Scenarios that depict the most recent and popular uses for Hard Money:
Scenario 1: You have loanable equity in your property, whether it’s residential, commercial or land, and want to borrow against it. Loanable equity means the amount you can borrow that exceeds what you already owe not to exceed 70% of the value of the property. You usually cannot borrow 100% of the value. You’ve tried your favorite bank, your favorite savings and loan, your favorite credit union, your favorite mortgage broker and gone on line and applied on several … (0 comments)
private money loans: Why So Many People Are Refinancing in Today's Mortgage World
- 05/25/12 07:49 AM
Today's Mortgage World Why So Many People Are Refinancing In this time of recovery after the market hit bottom I like to keep track of even the smallest changes in the market and its activities. Any change on a micro level could easily lead to changes on a larger scale, effecting different sectors of not only the market but also the economy. Today I viewed some statistics provided by Realty Times and found some highly intriguing news about what’s going on in today’s mortgage world. Apparently there has been an increase in mortgage refinances as the mortgage rates hit a new low.
When thinking of purchasing a home what’s the first thing that comes to mind? Generally speaking the answer to this question is usually, if not always, “Money”. While the housing market is on the rise and value of homes are increasing, now is the perfect time to buy! However, many people see the question of money not as a bump in the road, but as a huge roadblock. Well, I’m here to tell you it doesn’t have to be that hard if you take it one step at … (5 comments)
Current Uses For Hard Money
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