Tag Archive

To buy a home, people need a lender. Many regret it, with over 20% of first-time buyers expressing regret, according to a recent study of 5,000 people. Poor communication and unmet promises cause unpleasant experiences and borrower regret. Furthermore, borrowers have reported feeling pressured to choose a particular mortgage product. Need money for a home or investment project? With hard … Read More

At M&M Private Lending, LLC, we pride ourselves on being direct, asset-based lenders offering hassle free hard money loans to our clients within a short amount of time. Many prospective clients have asked us what our general requirements and terms are. Here is what you need to know: Loan amount: from as little as $50,000 up to $2.5 million. Up … Read More

The number of homes being flipped has dropped, according to a recent U.S. Home Flipping Report. A home flip is when a property is sold in an arms-length sale for a second time within a year. Despite Florida experiencing the largest decline in home flips, four of its cities still made it to the top ten metros with the highest … Read More

Recent data shows that lenders are becoming stricter with their eligibility criteria, making it hard to obtain a mortgage loan through conventional means. Cities like Miami and Tampa in the state of Florida are seeing elevated levels of loan refusals. Last year, lenders rejected over 3,000 out of the more than 15,500 mortgage applications in Miami, resulting in a rejection … Read More

As the year quickly reaches its end, the long terms rates for mortgages in the United States continue their upward climb following the results of the presidential election. The average rate on a 30-year fixed rate loan increased to 4.03 percent, the highest percentage since July of last year and up from 3.94 percent during the previous week. The rate … Read More

If you’re interested in property flipping, you may consider private or hard money lenders. While they may appear similar, there are significant differences between the two. Private lenders assess your eligibility based on your ability to pay, credit, and collateral, just like a traditional mortgage. In contrast, hard money lenders are less concerned with credit, assets, and income. One of … Read More

Many investors use hard money loans for short term needs, such as acquiring real estate. Typically, hard money loans have a duration of one month to five years, which is significantly shorter than traditional mortgages that can span ten to thirty years. However, traditional mortgages can be difficult to obtain for distressed or vacant properties, prompting investors to turn to … Read More

The NAR predicts that as more millennials become homeowners, existing home sales will increase. The chief economist estimates that sales will reach about 5.36 million, the highest in ten years, with an expected growth of 2% in 2017 to an average of 5.46 million, and a further increase to 5.68 million in the following year. The rise in interest rates … Read More

Investors are increasingly turning to hard money loans due to the greater difficulty in obtaining traditional loans, and it’s becoming the preferred method for many. While banks have increased their requirements and restrictions, hard money loans offer efficiency and speed, with fees and interest rates that are worth it for investors. Income verification is often a hurdle for investors seeking … Read More

Hard money loans have become increasingly popular among investors due to the greater difficulty involved in getting a traditional loan. With its efficiency and speed, hard money loans are becoming the preferred method of getting a loan, even for those who typically finance their properties through a bank loan. Hard money loans sidestep issues with income verification, and you can … Read More