Resources Type: Borrower Resources

Borrowers

Choosing a Loan Program That is Right for You

Not all loan programs are the same or meant for the same situation. Everyone has a unique financial situation and knowing the type of loan that works best for you ensures you get the best deal. Before you lock in your mortgage loan, read about how to choose a loan program that’s right for you…

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Borrowers

What Happens if a Borrower Defaults on Their Loan?

Defaulting on a loan happens. Nobody takes out a loan without the intention of not paying it back and banks don’t lend their money to people they don’t think can repay it. But sometimes the unexpected happens and the borrower can’t afford the loan payment. Maybe an emergency medical expense came up that was more…

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Borrowers

The Process of Getting a Hard Money Loan

Hard money loans are often overlooked, however, they are are great option for those looking for an alternative to traditional lending.

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Borrowers

How to Avoid Overpaying for a Property at Auction

New to flipping and fixing? Before jumping into a bidding war at an auction, make sure you’ve got some set rules handy to follow before you start spending your cash. Overpaying for property is one of the most common mistakes made by new developers and it can be a costly mistake, putting you behind on…

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Borrowers

How to Raise Private Money for Your Real Estate Project

How does raising capital actually work? Real estate is generally a great investment option to begin building wealth. It can generate ongoing passive income and can be a great long-term investment. There isn’t an investment vehicle more capable of helping individuals achieve financial freedom than real estate. But do I need cash? While capital is…

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Borrowers

Why is it difficult for deserving borrowers to get a bank loan?

Traditional lenders, like banks, will typically give loans out based on how income was earned. So while many entrepreneurs earn income with 1099 sources and not W2s, it can create an issue for the underwriter to approve investment loans effectively. This leads to many qualified borrowers being told “no” by traditional lenders. Why a good…

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