Hard Money Loans

We all know banks are not lending money. We also know that the few opportunities that may exist from borrowing are made much more difficult by the banks requiring better credit than ever, and many of you have suffered credit hits because of the current downturn, reduced revenues and increased overhead expenses. Thus, it is even harder to get a loan.

This is a very complicated issue with many contributing factors: Some of the issues are net worth, income, spousal income, protected retirement investments, family, basic overhead, secured debt, other assets, other business interests, medical issues, education, age, where you love, what the assets in your business are worth, structure of the offer, and previous income history to name a few. There are just as many more not listed as each case is unique and each case requires a unique evaluation and presentation. Each case requires its own special evaluation.

When looking for a home loan, there are many things to consider. How much house can you afford? How will my credit affect my loan? What kind of loans should I avoid? The answer to these types of questions and many more can be found in the article.

I have been asked many times, what will the SBA actually do? Will they liquidate our home, people ask in disbelief? Will they really garnish my wages? Many do not believe these procedures will actually occur, but they will.

Are you thinking you need a home business loan to start a work at home business? Nothing could be farther from the truth. There are many start-up home-based businesses that require very little to no money at all.

photo credit: JOE M500
Collateral – A borrower’s asset that is given up to the lender if the borrower is unable to pay back the principal and interest on the loan; making the lender the new owner of the collateral.
Credit Score – A numerical expression based on the analysis of a person’s credit files, to [...]