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Use Hard Money to take Advantage of Subprime Meltdown Opportunites
We all know that the subprime market has come to its eventual resting place, the graveyard. However, this meltdown presents a great opportunity for investors to buy properties from these failing lenders who are in the process of foreclosure or have foreclosed already. Take advantage of this opportunity by making agressive offers to these institutions. [...]
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Investing for Success
It happens with regularity to hard money lenders that they will receive an application from someone who wants to purchase a house using hard money for funding purchase and rehab. However, the borrower will want a higher loan to value than is typically achievable using hard money lenders. Most hard money lenders target to loan [...]
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Investing for Success
It happens with regularity to hard money lenders that they will receive an application from someone who wants to purchase a house using hard money for funding purchase and rehab. However, the borrower will want a higher loan to value than is typically achievable using hard money lenders. Most hard money lenders target to loan [...]
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Hard Money for Primary Residence
Onward Financial does not write hard money loans for a person’s primary residence. However, there are a number of companies out there that do. If you are looking for a hard money loan on a primary residence, try a sub-prime lender first. Their rates and terms may actually be better than a “traditional hard money [...]
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Hard Money for Primary Residence
Onward Financial does not write hard money loans for a person’s primary residence. However, there are a number of companies out there that do. If you are looking for a hard money loan on a primary residence, try a sub-prime lender first. Their rates and terms may actually be better than a “traditional hard money [...]
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Banks vs Hard Money
It never ceases to amaze me how rigid banks are in their underwriting of real estate loans. They have their little box that the property and the borrower must fit in for the loan to happen. If the loan doesn’t fit in their box, the banker has no idea what to do. It’s hard for [...]
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What is the exit?
When someone inquires about a hard money loan, don’t be suprised to get the question back, “what is the exit?”. Hard money lenders want to know how you are going to pay them off. They want the borrower to explain what their strategy is for paying off the hard money loan. Are you going to [...]
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Applying for a Hard Money Loan
Applying for a hard money loan is easy with Onward Financial. Generally, Onward Financial lends money to purchase and rehab residential properties based on two factors, the property and the borrower. Borrowers should submit a loan application by either downloading one or filling out our online application at https://secure-onward.blueinksoftware.com/loan_form.htm
We approve our borrowers in less than 24 [...]
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Residential Real Estate Investing
Investing in residential real estate can be financially rewarding if you approach it with the right financial mindset and a bit of patience.
Too often we hear about people buying residential real estate for investment and rehabbing the property as if it were going to be the next Taj Mahal. Know the neighborhood that you are [...]
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Fed raises short-term rates… again
Well, it didn’t come as a suprise to wall street but the new fed chairman raised the fed funds rate again yesterday. We know this hurts short-term but hopefully this inflation fighting stance will help keep long-term rates relatively low. Only time will tell what type of impact continued rate increases will have on the housing [...]
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