Posts Tagged ‘florida hard money’
Monday, January 11th, 2010
Several experts are predicting that the housing crisis is nearing it’s bottom. This can be nice news for not only the US economy but additionally the key economies around the world.
What this conjointly means that is that profit takers are looking to induce in before the doors slam shut on a historic shopping for opportunity in not solely Florida but the complete U.S. One amongst the most reasons that the monetary downturn has lasted this long is as a result of conforming lenders have all but forgotten concerning the important estate investor. Last year conforming lenders implemented a tenet stating that anyone with a lot of than four properties financed is not eligible for conforming financing. It doesn’t matter how much cash you make or how smart your credit is, banks WILL NOT lend to investors with additional than four properties. This has left many investors stuck between a rock and a exhausting place.
Read more... (440 words and 1 image, estimated 1:46 mins reading time)
Tags: florida hard money, florida hard money lender, florida hard money loan, florida hard money mortgage, free and clear loans, hard money florida, tamp hard money
Posted in Mortgage, florida hard money | No Comments »
Wednesday, November 11th, 2009
Hard money loans are known by many names. You may be familiar with the other names hard money loans go by such as “private money loans”, “hard equity loans”, “equity only loans”, “subprime loans” or “portfolio loans”. No matter what you call them they are filling the huge gap left by conventional lenders for investors and home owners that have equity and need to unlock the cash from their homes. Read more... (858 words and 2 images, estimated 3:26 mins reading time)
Tags: florida equity loan, florida hard money, florida hard money lender, florida no doc, florida private equity, florida stated income, free and clear refinance, hard money cash out, hard money florida
Posted in Industry News, Mortgage | 2 Comments »
Tuesday, July 28th, 2009
A Florida hard money loan is a specific type of assets-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Florida Hard money is similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring. Read more... (184 words, estimated 44 secs reading time)
Tags: fast chash, florida hard money, hard equity loan, investor cashout, investor purchase, no doc loan, private money
Posted in Mortgage | 2 Comments »
Tuesday, July 28th, 2009
Many experts are predicting that the housing crisis is nearing it’s bottom. This is great news for not only the US economy but also the major economies around the world.
What this also means is that profit takers are looking to get in before the doors slam shut on a historic buying opportunity in not only Florida but the entire U.S. One of the main reasons that the financial downturn has lasted this long is because conforming lenders have all but forgotten about the real estate investor. Last year conforming lenders implemented a guideline stating that anyone with more than four properties financed is no longer eligible for conforming financing. It doesn’t matter how much money you make or how good your credit is, banks WILL NOT lend to investors with more than four properties. This has left many investors stuck between a rock and a hard place. Read more... (472 words, estimated 1:53 mins reading time)
Tags: florida hard money, florida hard money lender, florida hard money loan, florida hard money mortgage
Posted in Mortgage | No Comments »
Tuesday, July 28th, 2009
Hard money loans in Florida and Nationwide are filling a huge hole in the mortgage market left by the subprime meltdown. Most conforming lenders today have so many restrictions that they are putting more and more borrowers outside of that conforming box every day. Due to the meltdown in the mortgage industry there is now virtually no ALT-A or submprime lending being done. Read more... (737 words, estimated 2:57 mins reading time)
Tags: florida equity lender, florida hard money, florida hard money lender, florida hard money loans, free and clear cashout refinance, hard money
Posted in Mortgage | No Comments »
