Down Payments Explained Very few people have the cash in the bank to be able to purchase a house outright. Homes cost hundreds of thousands of dollars, typically, to buy. It is difficult for any one person to have that kind of cash. That is why mortgages exist. You get a loan from the bank or mortgage company to buy the home and the home is used as collateral for the loan. Banks will not give you the entire value of the house in cash though, you need to pay a down payment. This gives you something to lose and alleviates some of the risk for the mortgage provider. So, how much do you have to ..read more

Are You Considering a Bad Credit Loan? Bad credit loans are personal loans for individuals whose credit scores are too low to receive a loan from a traditional financial institution. Prospective borrowers generally use these loans to cover financial emergencies such as medical bills, job loss, car repairs, and other problems. Bad credit loans can also be used for debt consolidation.  If you have found yourself in need of some extra funds but have limited credit, a bad credit loan might be the answer for you. You might have questions or concerns about this topic before making the commitm ..read more

Navigate this Tax Season with the Assistance of Hard Money Lenders Tax season is officially upon us! Due to the COVID-19 pandemic, the federal government has extended the national filing deadline to May 17th. Unfortunately, if you owe the IRS money, you may not know where to turn. If you're not able to pay your tax bill on time, there's simply no telling the penalty fees that you'll face down the line. Currently, the IRS offers a number of options to ensure that Americans are able to ultimately pay off their tax-based balances. Full payment agreements provide citizens with roughly 120 days o ..read more

Roughly two out of every three mortgage loans are conventional mortgages; this is a type of mortgage that is not insured or guaranteed by the government. The loan is backed by private lenders, usually through a bank, and the insurance is generally paid by the borrower. A conventional loan is the most popular home loan option because of the flexibility it offers; however, it is a riskier choice because it is not insured by the federal government. This also makes it more difficult to qualify for a conventional loan, even in normal times. The COVID-19 pandemic has made it even more difficult to ..read more