Hard and private money sources act as a solution for Florida homeowners who are looking for a way to secure their funds, even if they don't have credit or income. Florida owner-occupied hard and private money is a money source that is growing in popularity. So, if you're seeking nontraditional funds, read on to learn more about hard and private money.
If you plan to buy a commercial residential property, it is important to understand the differences between owner and non-owner occupied properties and the effects those differences can have on financing.
Hard money loans are secured by real estate, so it can be a valid question whether a hard money loan could be secured without real estate involved. The best answer is “maybe.”
Commercial hard money loans can be useful to property owners who need finances more rapidly than a commercial bank will provide, or who have less than ideal credit ratings. If the owner has reasonable income streams and the commercial property has adequate equity, hard money investors are interested in providing bridge financing to help your business grow.
If you are looking for hard money investors, there are five things you should look for in hard money investors. Let’s review them:
How many of us dream of owning our home “free and clear” in our lifetime? What does that term mean? Free and clear simply refers to the home having no loans or other encumbrances on it at that time. More important to the homeowner, it also means that the home’s value is all equity, something that may be useful to the owner if they wish to renovate or expand the home.
Buying a home is a huge accomplishment for most and a rather large investment. Your home purchase will probably be one of, if not, the largest investment you will make in your lifetime. And it should feel good. If you did/do it right, then you will be able to adjust into your home comfortably without stressing over your mortgage payments. Plus, being a homeowner has its advantages.
When purchasing a new home, you're faced with a lot of decisions.
One of these decisions is how you're going to finance the home. The Truth About Mortgage discussed mortgages versus cash, so let's weigh out these options with TAM’s guidance.
Many people have refinanced their homes to reduce the monthly payment or perhaps increase the monthly payment but reduce the mortgage length for a faster payoff. These are effective ways for homeowners to adjust their budgets or reduce the interest payments over the life of a mortgage. There is another option called a cash-out refinance. Let’s take a look at it.