Perhaps the most common reason for hard money requests comes from borrowers with credit issues preventing them from getting a mortgage at their local bank. Sometimes, an FHA or VA loan may work, as it is more lenient in its credit standards, but too often borrowers do not meet those guidelines, either. Before the advent […]
If It’s So Expensive, Why Use It?
Hard money has its time and place for borrowers who cannot get traditional financing when they need it. And while it is a typically more expensive route, sometimes losing a great investment opportunity or home in a wonderful area can be costlier. So, why use this pricey avenue? Speed: In most non-owner or investment property […]
TRID Regs Bring Changes to Hard Money Deals
Raz writes that “the new integrated-disclosure rule known as TRID is excellent for consumers but also laborious for lenders. It will consequently have some short-term negative impact on lenders, including some hard money lenders — although in the longer term, it promises to offer benefits as well. The determination of whether a hard money loan […]
ARE WE FACING ANOTHER REAL ESTATE BUBBLE?
Home prices have continued their steady ascent this summer nationally, but there’s no reason to believe a collapse in prices is on the horizon, per many economists. Home prices have continued their steady ascent this summer nationally, but there’s no reason to believe a collapse in prices is on the horizon, per many economists. On […]
Qualified Mortgages~ Part I
For those in or around the mortgage business that have heard the term “Qualified Mortgage” or QM, but do not know what it really is, this should help explain things. A qualified mortgage is a home loan that is typically attached to a primary residence and is for consumer purposes. This means if you are […]
EXIT STRATEGY FOR BORROWERS GETTING HARD MONEY LOANS
Hard money mortgages can be a great temporary solution for borrowers, when other options are not available. A hard money loan will typically last only last 1 to 3 years in most cases. In all cases, in order to achieve the loan, the borrow must write a letter to the lender and broker explaining their […]
8 Questions to Ask Your Prospective Hard Money Broker
How much experience in hard money does the broker have? To ensure a timely funding and desired results, it pays to work with an experienced hard money broker. There are plenty of pitfalls to avoid, and first-hand knowledge of these types of challenges benefit everyone in the transaction. At Cushner Capital Group, we have over […]
CROSS COLLATERALIZATION
In certain instances, the loan to value, or equity position of a property, may be too high, making it impossible to structure a hard money loan. In these cases, where the subject property is too burdened with debt for the borrower to achieve his/her loan goals, additional collateral can be used to make the loan […]
PREDICTING THE REAL ESTATE MARKET – WHEN TO BUY & WHEN TO SELL
With the elections around the corner, the rhetoric is getting louder and louder. Many feel that there is a storm brewing, and that the economy in general, including real estate, may be another bubble about to burst. So, is it a good time to sell? Buy? Invest? I saw this article on Zillow and found […]
WE LOVE BROKER DRIVEN BUSINESS
At Cushner Capital Group, we are committed to cooperating with CA licensed mortgage brokers to achieve their clients’ goals. We pride ourselves on being fair, responsible, and ethical. We stay updated on the latest compliance rules. Our goal is to help your client achieve their real estate and financial needs in a quick seamless manner. […]
