Hard Money And Private Lending


 

How to Choose a Hard Money Lender

Hard money lending –a fractionalized market. There are thousands of hard money lenders in the US. The common denominator of all hard money loans is that the Loans are based on property equity. This article explains the different types of hard money lenders and how to select the right one for your specific needs. Since there could be different opinions about the property value among private investors, and since lenders have different maximum LTV they are willing to lend on, the maximum loan amount each lender is willing to lend will be different. Although equity is the prime factor in approving a hard money loan, other factors such as additional real estate, credit, experience, and income can influence lenders to lend above 65%. Hard money lending –a fractionalized market

How to Choose a Hard Money Lender

Getting your loan approved by multiple lenders

This blog gives instructions on getting a loan request approved by multiple lenders or improving the quality of a loan for better approval. This blog applies to general hard money loans. For Fix N Flip loans, construction, or vacant land loans, we have specific instructions and advanced calculators.

Getting your loan approved by multiple lenders

How to Pitch Your Loan Request to Lenders

Uploading documents will save you hours of explanation. Find out which documents are required, and which are usually requested.Get examples of what to say and what information to provide your lenders to save hours of explanation and fast track your loan for review and approval.

How to Pitch Your Loan Request to Lenders

Maximum Fix and Flip loan amount in your state

Lendersa Fix and Flip calculator finds the most money you can borrow on your Fix N' Flip project based on the purchase price, ARV, rehab costs, credit, experience, and property location. Each State is a little different because of property tax insurance and regulations.

Maximum Fix and Flip loan amount in your state

Direct Hard Money lenders

Discover the pros and cons of direct hard money lenders in our latest blog post. Learn more about direct hard money lenders today. Direct hard money lenders provide loans directly to the borrower, cutting out the need for a mortgage broker. This can be advantageous for those looking for quick financing or who may not qualify for traditional bank loans. Working with a direct lender can streamline the borrowing process and provide more flexibility in loan terms. However, it's essential to carefully research and compare options to ensure you are getting the best deal for your financial situation, especially when it comes to the application process.

Direct Hard Money lenders

commercial-equity-loan-guide-for-beginners

Commercial real estate investors and business owners often find themselves in need of additional funds to finance property improvements, purchase new assets, or expand their business. In such cases, a commercial equity loan can be a viable solution. By leveraging the equity they have built up in their commercial property, borrowers can access a lump sum of cash to meet their financial needs. A commercial equity loan is similar to a commercial cash-out refinance, as both involve refinancing the property to access funds. However, while a cash-out refinance provides a one-time, lump sum amount, a commercial equity loan allows borrowers to access funds as needed. This flexibility can be beneficial for businesses that have varying cash flow requirements or for real estate investors who may need funds for property rehabilitation or acquisition. To secure a commercial equity loan, borrowers need to evaluate their property's equity, gather the necessary documentation, and apply with multiple lenders to compare

commercial-equity-loan-guide-for-beginners

How Lendersa Works For Lenders

What is the most crucial thing any lender needs, no matter how big or small, whether they just started in business yesterday or have been in business for the last 50 years? The answer is LEADS. Leads to lenders are like blood to the body; direct lenders get leads directly from borrowers seeking loans, while wholesale lenders get leads from mortgage brokers. Lendersa is the ultimate lead-generation platform...

How Lendersa Works For Lenders

How Can You Reduce Your Total Loan Cost?

Navigating through loan repayment can be a daunting task, but with the right knowledge and tools, you can significantly reduce the cost burden. The key is understanding the various strategies that exist to minimize the financial impact of loans. Here I’ve culled the top 5 ways to effectively reduce your loan costs and manage your debt more efficiently.

How Can You Reduce Your Total Loan Cost?

What Increases Your Total Loan Balance

5 Factors that cause your loan to mushroom 1. Interest Rates Interest rates are the most significant factor that determines your total loan balance. It’s the cost of borrowing money, and every loan has an interest rate associated with it. 2. Loan Terms The loan term is another critical factor that impacts your total loan balance. The loan term is the length of time it will take to repay the loan fully. 3. Late Fees Late fees are fees charged when you make a payment after the due date or miss payments altogether. 4. Additional Borrowing Additional borrowing is taking on more debt once you’ve already started repaying a loan. It might seem like an easy solution to acquire more credit, but additional borrowing puts you deeper in debt and makes it harder to repay your loan. 5. Payment Plan Changes Making changes to your repayment plan can impact your total loan balance.

What Increases Your Total Loan Balance

What Do You Mean Cashback Loan

There are numerous loan types and each comes with its own unique requirements and features, but is everyone on the same page when they talk about a cash back loan? The key to knowing which loan type is best for you is knowing what someone means when they say “cash back loan”. So let’s examine all the loan types that fall under this umbrella.

What Do You Mean Cashback Loan

Loan To Cost Ratio: What Borrowers Need to Know

Applying for a loan is a critical decision, especially when it comes to financing a considerable project with high construction and development costs. Whether you're building a commercial or residential property, you need to consider the amount of money required to complete construction successfully. In this post, we'll discuss what LTC is, how it works and its importance in a borrower's decision-making process.

Loan To Cost Ratio: What Borrowers Need to Know

Fast Approval Real Estate Loans Without Proof of Income

Yes, it is possible to get a real estate loan without proof of income. Lenders offer alternative documentation options such as bank statement loans or asset-based loans, where the borrower's income is verified through other means like bank statements or the value of their assets. Are you a self-employed individual, freelancer, or contractor who has been struggling to get a real estate loan due to lack of income verification? Look no further, as we have got you covered. In this blog, we will be talking about no income verification loans that are designed specifically for individuals like you who may not have traditional income documentation. We will walk you through the basics of these loans, various types available in the market, and their advantages and disadvantages. Additionally, we will also provide tips on how to identify the right lender and factors to consider before applying for these loans. So if you're looking to purchase a new home or investment property without providing income proof, keep read

Fast Approval Real Estate Loans Without Proof of Income

Optimize Your Loan with Lendersa

Lendersa platform offers a unique approach to loan optimization, tailoring the loan options to your specific financial profile. We follow a six-step process that includes selecting urgency in loan application, choosing your first priority in loan optimization, determining your second priority in loan optimization, deciding the minimum time for loan duration, selecting the maximum length of prepayment penalty, and utilizing the optimization button. In this blog post, we will explain how our solutions can help you optimize your loan experience and list down the key benefits of using Lendersa for loan optimization.

Optimize Your Loan with Lendersa

How Loan Optimization Works?

Use the Lendersa Loan Optimization tool to get your loan approved and see that you are getting the best possible rate and terms. Several options could be available to increase your loan chances for approval or a better loan. Among the most common options are: Slightly reducing the loan amount Raising the appraised value (3 methods) Adding another property with equity Slightly improving your credit score Changing the method of verifying income Adding Income source with a Co-Borrower

How Loan Optimization Works?

How Mortgage Brokers Rip You Off

Some common ways mortgage brokers can rip you off include charging excessive fees, steering borrowers towards higher interest rate loans, and not fully disclosing all the terms and conditions of the loan. Doing thorough research and working with a reputable broker is important to avoid these pitfalls. Knowing how hard money lenders work can save you thousands of dollars on your next loan. Don't get ripped off by mortgage brokers and loan sharks because you don't know the rules of the game. This guide shows you how avoid being cheated by unscrupulous lenders and how to find the best lenders for residential or commercial loans. (Better rate, longer terms, more money, etc.)

How Mortgage Brokers Rip You Off

Top Hard Money Lenders for Instant Loans

Are you in urgent need of a loan? Are traditional lenders turning you down? Hard money loans may be the solution you're looking for. In this blog, we'll explore the world of hard money lending and its significance in today's financial market. We'll dive into the details about how hard money loans work and their role in financing. Additionally, we'll identify the top hard money lenders for instant loans, including why Kiavi stands out among other lenders. We will also discuss the borrower's perspective and what makes a good lender. For real estate flippers, we'll explain why hard money loans are essential and how to choose the best lender for your needs. Lastly, we'll cover how hard money loans can help prevent foreclosure, funding renovation projects, and why an accurate appraisal is crucial for securing a hard money loan. So sit back and let us guide you through everything you need to know about hard money loans.

Top Hard Money Lenders for Instant Loans

How to Get Leads - Profile Leads Capture

Set up your account to get leads and learn to do a profile lead capture. Even if you have registered, your account may not be set up to receive leads. Follow these steps to ensure that all leads that match your criteria can be sent to you:

How to Get Leads - Profile Leads Capture

How to Get Leads - Loan Input Program

Even if you have registered, your account may not be set up to receive leads. Follow these steps to ensure that all leads that match your criteria can be sent to you. Learn how to set up your account to get leads by filling in a loan input program. LIP- a Loan Input Program is a digital form that holds a matrix of your loan programs. You can have several LIPs. Templates - There are several templates that can be changed to fit your unique loan programs and saved as your own LIP. Here we want to show you how to create your first LIP from a Template in order to start getting leads.

How to Get Leads - Loan Input Program

Loan Input Program - Advanced

This blog covers an in depth look at the different portions of a Loan Input Program (LIP) and how to fill it in, getting the precise information, rate, terms, etc. to match your loan program/underwriting guidelines. LIP HEADER: This is the easiest section of the LIP. Each field should be completed in this section with each drop down menu being clicked and the correct item selected. QUALIFICATIONS: We will go over how to use the LTV & Credit Grid as well as Loan Amount Ranges Grid below. For the other fields, click and input the correct information for your program. You can also use our LIP Tutorials for more practice and examples.

Loan Input Program - Advanced

How to Use the Lendersa Advanced Calculator

How to use the Lendersa Advanced Calculator for your Loan Input Programs. This blog aims to show you how the calculator's sliders work to produce quick changes in loan scenarios, as well as how and when to lock/unlock them. First, you should watch this two minute video on How to Use the Lendersa Calculator. ​To get to the advanced calculator, Go to a LIP Template (such as Template #2322329-M). (from your dashboard, click Get Leads, lead center, lip templates) At the bottom in the management section, click the "Test" button to open the Advanced Calculator.

How to Use the Lendersa Advanced Calculator

Registering on Lendersa

Learn how to log in and register on the Lendersa website and create a profile lead capture to ensure your account is set up to receive the type of leads you want. Option for express registration. HOW TO GET LEADS Creating a Profile Lead Capture (PLC) is sometimes done as part of the registration process.

Registering on Lendersa

Increase Your Income With Lendersa

Make the most of your real estate experience and triple your income by the end of the year. There are 3 main ways you can do this with Lendersa: A. If you are looking for leads this is the right place for you. B. If you are looking to find funding for your client, this is also the right place for you. C. If you are looking for both leads and lenders, you are in the right place!

Increase Your Income With Lendersa

Get Leads with Profile Lead Capture

Set up your account to get leads and learn to do a profile lead capture. Even if you have registered, your account may not be set up to receive leads. Follow these steps to ensure that all leads that match your criteria can be sent to you:

Get Leads  with Profile Lead Capture