Commercial Banker Discusses Typical Loan Scenarios for Private Money Deals
Commercial real estate, private money loans also known as hard money and or bridge loans are becoming more prevalent as borrowers enjoy less red tape, quicker closings and more “common sense” underwriting than conventional financing provides. Typically though, borrowers still relay on this type of financing as an option when conventional sources are not available. Read more
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Why Are Hard Money Lenders Angels?
With the recent upsurge in residential foreclosures nationally, homeowners are finding themselves in a very unusual predicament. Over the last 7, borrowers with less than perfect credit fell into a category called :sub prime borrowers”. This class of borrower was able to obtain a mortgage with little or no documentation. Read more
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10 Ways To Buy A Home With Little Or No Money Down
There are many ways to buy a home, even if you have little or no money to put down. Here are a few of the basics: Read more
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Does “The Secret” Teach Magical Thinking About Abundance?
“The Secret” has been a colossal phenomenon about how to create abundance, using “The Law of Attraction.” When my adult son first watched the “The Secret,” he objected to one dramatic episode. A boy wants a bicycle. He hopes and dreams for the bicycle and spends time gazing excitedly at a picture of the exact bike he wants. And then he sees the bike in the window of the bicycle shop with a “SOLD” sign on it. The boy becomes upset and gives up hope for the bicycle. After a period of despair, he again focuses his hopes and dreams upon receiving the bicycle. Throughout the entire episode, he does nothing but dream. The episode ends when the child opens the door to find his grandfather with the coveted bike as a present. We last see the boy riding off happily on his new bicycle. Read more
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