There are many different types of loans, so how do you know which loan will work for you and your specific needs? There are loans for real estate investors, some are suitable for rental loans, and others are for shorter terms investments. Follow along with us to determine what kind of loan fits your needs! Conventional Bank Loan: If you are already a lucky homeowner you are probably familiar with conventional mortgages. These types of loans are not backed by the government and are issued by a private lender such as a bank, credit union, or mortgage company. Typically a …
Diving Deep into Hard Money Loans
Our other blog posts have discussed critical information you should know before going with a hard money loan. But, are hard money loans actually a good idea? Well let’s break it down. Hard money loans may provide an easy path to fast cash to buy real estate. However they come with much higher costs that could increase your risk of default. A hard money loan is a collateral-based lending. Basically it means that a lender places the most weight on the property when determine if and how much to lend rather than based on your income, assets, or credit payment …
What exactly is a hard money loan?
In our previous blog posts we have discussed what a hard money loan is, the terms, and some pros and cons. Today we are going to dive deep into exactly what a Hard Money Loan is, the differences between a hard money loan and a bridge loan, and what it can do for you. A hard money loan in short is a high-risk, high-yield financing option in which an investor secures the funds from a lender with real property. Typically you will only find hard money lenders in the U.S. and Canada. Similar to bridge loans, hard money loans are …
Pros & Cons of a Hard Money Loan
In our last blog post, we discussed what exactly a hard money loan is and how it works. Today we will discuss the pros and cons of a hard money loan. When it comes to choosing a loan you should always do your in-depth research but our team has developed an awesome list of pros and cons if you are considering a hard money loan. So let’s jump right in: Cons: To start, hard money loans aren’t a perfect solution- we will be the first to say that because there are two major drawbacks: Hard money loans are convenient but …
What is a Hard Money Loan?
Welcome to the world of finance! You must be here because you are looking for a loan. We are a hard money lending company located in Sunny South Florida!
Hard Money Lender Florida Jacksonville 32210
Hard Money Lender Jacksonville RATES STARTING AT 7.49%*+ 1-3 YEAR TERM INTEREST ONLY UP TO 80% LTV QUICK 7 DAY CLOSING NO VERIFIED INCOME CALL US AT: 954-320-0242 APPLY NOW Does that sound like something you are interested in? Learn why we are rated as the #1 Hard Money Lender in Jacksonville by Real Estate Investors What’s hard money loan? A hard money loan is a loan given to your borrower from a lender based chiefly on the worth of the underlying asset that is collateralized. Where asset based lenders aka hard money lenders focus mainly on the worth of …
Capital Funding Financial Featured in Numerous Press Outlets
Capital Funding Financial who is one of the nation’s largest private lenders has closed over 250 Million in transactional volume on business purpose loans.
Are you qualified for a loan?
What specific features will your ideal home have? While it’s good to retain some flexibility in this list, you’re making perhaps the biggest purchase of your life, and you deserve to have that purchase fit both your needs and wants as closely as possible. Your list should include basic desires, like neighborhood and size, all the way down to smaller details like bathroom layout and a kitchen that comes with trustworthy appliances. How much mortgage do you qualify for? Before you start shopping, it’s important to get an idea of how much a lender will actually be willing to give you to …