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What To Do After a Last-Minute Hard Money Loan Denial
This guide will cover what to do after a last-minute hard money loan denial. We’ve all had it happen; a deal is made, you have it under contract, and you’ve gotten a commitment from a private lender to get a deal done. It’s time to get to closing, and all of a sudden, your private…
Credit Repair To Qualify and Get Pre-Approved For a Mortgage
This blog will cover credit repair to qualify and get pre-approved for a mortgage. There are three major credit reporting agencies; the giants in consumer credit reporting agencies are TransUnion, Experian, and Equifax. Credit repair is when any consumer disputes negative report items on their consumer credit report. All disputes are ultimately going to make…
Difference Between Residential Versus Commercial Loans
This blog will cover the difference between residential and commercial loans. How can I tell if I need a residential versus commercial loans? Looking into and then investing in commercial real estate can be lucrative, but it requires significant capital investment. John Strange, Vice President of Lending at Lending Network, LLC, said the following: Main…
HUD Guidelines on Credit Disputes on FHA Loans
This guide will cover the HUD guidelines on credit disputes on FHA loans. Strict HUD agency guidelines must be followed during the mortgage application and approval process to qualify for FHA loans with credit disputes. What is a credit dispute? Dale Elenteny, a senior commercial loan officer at Lending Network, LLC, explains credit disputes during…
What Are The True Costs of Hard Money Loans
This guide will cover the true costs of hard money loans. There are costs of hard money loans. Hard money loans are not cheap. The origination fees are higher, and rates are higher than traditional commercial loans. However, the costs of hard money loans are well worth the rewards for savvy real estate investors. John…
