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Hard money loan FAQ
With the growth of our audience, we frequently get common questions like “how to get a hard money loan,” “how fast is it,” etc. Thus, we decided to do a “Frequently Asked Questions” article where gathered all the common questions. FAQ 1. How to get a hard money loan? To apply for a hard money […]
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Does a hard money loan appears on a credit report?
A credit report is crucial for real estate investors and those who care about their finances. Usually, such things as loans show up on a credit report but does it relate to hard money loans? The answer is no. Most hard money loans will not appear on the customer’s credit report. But it is essential […]
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Is it better to extend or refinance a hard money loan?
A hard money loan is also known as a bridge loan – you should repay it in a short period of time. However, a customer may face some issues – for example, a loan matures before he is able to repay it. If you have ever had a similar situation, you might ask yourself, “is […]
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What kind of insurance is required to get a hard money loan?
There is no doubt that getting a loan from a private lender is a much easier process than getting a loan from a bank. However, in the list of necessary documents, you will find an “insurance” paragraph. So, what kind of insurance do you need to get a hard money loan from a private lender? […]
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Ibonds or real estate?
Recently our president Boris Dorfman showed me an article, “Couples can fight inflation with 7.12% risk-free interest to increase their holdings”. According to the article, I bonds have relatively low purchase limits, and couples may leverage a year-end strategy to increase their holdings. I bonds, backed by the U.S. government, won’t lose value, and there […]
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