Hard Money Loans
FHA Purchase Real Estate Financing
Author: Real Estate Investor, Category: Finance Your Real Estate, Finding Loans or Investors, Invest In Real Estate
If you need to obtain necessary financing for the purchase of a home it is important for you to know that there are alternative lending sources other than banks and traditional lenders that you can use for a mortgage, even if your credit or other circumstances are less than ideal. There are government sponsored programs that allow a variety of people wit different backgrounds to purchase a home with a low or no down payment and affordable interest rate. Fha purchase financing is an option many people who are involved in the buying process.
Fha purchase financing is financing insured by the Federal Housing Administration which is a government owned organization that works to extend mortgages to people who do not meet traditional lending criteria. The Fha was established under the National Housing Act, with their goal being to extend financing to people with repayment abilities who otherwise lack the ability to get a traditional loan. Read the rest of this entry »
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Private Real Estate Money – How to Finance Your Real Estate Investments in a Credit Crisis
Author: Real Estate Investor, Category: Credit Crisis, Finance Your Real Estate, Finding Loans, Private Loans
As the stock market tumbles and a most mortgage lenders go out of business how do average guys manage to continue to invest in real estate. We certain will not be able to get traditional mortgages from banks or lenders as they now require 800%2B credit scores, personal guarantees and down payment collateral equal to or greater than 40% of the purchase price. Hard money lenders are so scared they will not lend to their own mothers – that is, the few that are still in business. So what do real estate investor do now!
Private real estate money is the answer. So what is private real estate money and how do i get it to purchase real estate investments.
Private real estate money is simply borrowing money directly from private individuals rather than a bank or other commercial lender. Private lenders tend to be ordinary people such as doctors, lawyers, accountants, business owners and possible retired people. Most private lenders are simply looking for better investment returns than they can typically get from bank CD’s, money markets or even bond investments. Read the rest of this entry »
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