Rehab mortgage loans might be the answer for home buyers who are looking for a home, but are not finding the perfect home to fit their needs. These loans can be obtained at very competitive interest rates and the rehab mortgage loans can allow homebuyers to finance home repairs within the low interest costs of [...]
Purchase Rehab Loans A purchase rehab loan is a great option for buyers or investors who are looking to improve their property immediately upon purchase. Refinance rehab - a refinance rehab loan works similar to a purchase rehab loan but is applicable for existing home or land owners who are looking to improve their current [...]
Home renovation loans are quite popular for people who are looking to get a cheap interest rate for their home loan. Home renovation loans are usually secured loans that are taken out using the equity that is in your home. There are many different lenders that specialize in giving out home renovation loans. For people [...]
Home rehab loans give you the chance to fix up a home and earn a lot of instant equity in the process. Only a select few are qualified and approved to lend money for the 203(k) program for home rehab loans. So, take a few moments to speak with a lender who specializes in home [...]
Many people do not understand what Chicago hard money loans are and therefore do not look at them as a viable alternative. Hard money loans are mortgages from private investors to purchase or refinance real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and [...]
The truth about hard money lenders? It used to be that hard money lenders would lend solely based upon the deal or property at hand. Hard money lenders are lending companies offering a specialized type of real-estate backed loan. Hard money lenders provide short-term loans (also called a bridge loan) that provide funding based on [...]
Investor rehab loans (also known as hard money loans) are currently filling a need for investor who have an ability to find deals, but have found themselves unable to fund projects with conventional financing. Investor rehab loans are particularly easy to find with a number of competitors but at the same time you should watch [...]
A commercial mortgage in Chicago Illinois is a loan made using commercial real estate as collateral to secure repayment. A commercial mortgage is similar to a residential mortgage, except the collateral is a commercial building or other business real estate, not residential property. In addition, commercial mortgages are typically taken on by businesses instead of [...]
Given today's market conditions, the funding of commercial loans has become much more challenging, more of a "lenders market" if you will. Commercial loans carry either fixed or adjustable interest rates, and many charge penalties for prepayment. Most commercial loans are structured with a balloon payment that comes due after five, 10, or 15 years, [...]
What is rehab financing? Rehab financing bridges the gap and give you cash to fix up the house and make it livable. What property is eligible for rehab financing? Rehab financing is not for all properties. The rehab lenders have special training in rehab financing. Hard money financing can be used for acquisition, short sales, [...]
