Hard money loans are a type of asset based loans similar to bridging loans. They are usually tied to real estate and have a much higher interest rate than traditional commercial property loans.
They are often used by businesses in distressed financial situations: eg. as bankruptcy or foreclosure is imminent.
Learn more about: hard money loans.
[Keywords: hard money loans, loans, money, business, property, property loans ]
March 4th, 2008
I am not usually one to go for secured loans but on this occasion I did go for a secured loan against my property. It worked out for me in the end because I had 4 different Mortgages with four different lenders which meant I was getting an ok deal (as I had shopped around.) Needless to say I freed up some capital and went ahead with my new business plans.
I really am glad I turned to Loans because I would not be half as established as I am today, so quickly had I opted for securing my own funds rather than getting quick help. But you do really have to do your research and get a loan that suits you!
[Keywords: loans, secured loans, mortgages ]
November 29th, 2007
You’ve ordered and received the final estimated HUD, verified that all the numbers are accurate and you are now ready to order loan documentsEach lender will have a loan document request form not much different than you see for a refinance or a purchase loan. Ordering construction loan documents will be a different process with each lender but most loan document ordering process will include a basic form that you will need to fill out. The form has the basic information needed by the lender such as;1. Broker information.2. Borrower information.3. Property address information.4. Settlement agent and title information.5. Appraisal and loan information.6. Broker fee information7. Loan document delivery information.8. Signature.
[Keywords: remodel construction loans ]
June 28th, 2007
My co-worker, Mark, overhead me speaking to my husband about not having enough money left in my checking account with nine days to go until payday. Mark could tell I was extremely stressed out. Money was tight this month. My husband was laid off last month by Pulte Homes where he was doing construction work. Our savings was virtually non-existent which didn’t help us as we entered our first money emergency. We needed cash fast.
I’ve seen the payday loan ads on tv but never really paid attention to them. Mark has used payday loans from time to time. He even has used online payday loans. He suggested I try this internet lender. I was not comfortable doing my first cash advance online so I headed down to my Chattanooga, TN Chek Into Cash to apply for a loan. The first thing I noticed was how many women were there filling out applications for cash advances with there kids running around like little monkeys.
I told the clerk I wanted to apply for a payroll advance loan and was given a binder with tons of forms to fill out. I sat there next to the play toys which were used to appease the rowdy children while parents filled out payday loan paperwork. I turned in the paper work and waited for an answer to my $400 cash advance request.
Two minutes later, I heard this little coughing gag sound to my left. I quickly looked over at the preschool aged child to see what was going on. She was running toward her mom crying, “Momma I don’t feel…” and that was it. I was covered in what appeared to be partially digested McDonald’s chicken nuggets and an orange soda.
At that moment, I heard the payday lender call my name to say I was approved for the $400 cash advance. I knew what the first $7 was going to be used for… dry cleaning!
[Keywords: online payday loans ]
June 18th, 2007