Some basic knowledge 

Loan plays a vital role in our life. People use loans for a variety of reasons and things. There are many types of loan. Such as home loan, real-estate loan, hard money loan, car loan, SBA loan, commercial loan etc.

Before taking loan you should have some basic knowledge about this.

What are the requirements of bank loan?

v  If you want take loan from bank then you have maintain some rules.  Bank has some condition. Firstly you have to good credit. Secondly your present job, income. Then comes where you invest this money and how much profit will come from this project etc. After that they will be able to give you loan, otherwise they will not give you loan.

What is hard money loan?

v  Hard money loan which is a specific type of asset based loan. Hard money loans are typically issued by private investors or companies. This loan is also known as private money loan. Actually hard money lenders are giving you loan by your property value. Sometimes lenders are giving you 65%-75% LTV (loan to value).

Some requirements for hard money loan

A hard money loan is a type mortgage used in residential and commercial lending. The lender will supply the money but with strict requirements. These types of loans are for borrowers with plenty of cash, but perhaps a low credit score. Credit is not important in these mortgages because the lender is using collateral against the loan. The collateral is usually the residence you are purchasing. A hard money loan comes with a very high interest rate, but for some borrowers it may be an option for obtaining a mortgage.

A hard money loan is only for the 1st position, meaning it can't be used as a 2^nd mortgage. They will not lend to a borrower who needs a second mortgage for lack of equity. In case of default, they want to be the first in line to recoup any proceeds.

Loan to value is a term used to describe how much the loan will be in comparison to the value of the home. If you are purchasing a home at $100,000 and need a mortgage of $70,000, then the loan to value would be seventy percent. In hard money situations, the loan to value is usually 60% to 70% percent.

A hard money lender will not lend more than 65% to 75% of the property value. So you must purchase something with instant equity, such as a bank owned property, or more commonly, you must have the cash to put down. You would be required to put 30% to 40% of the loan down at closing in cash. This type of loan is really only meant for those with access to cash.

If you are purchasing a home and do not have the 30% to 40% down, the hard money lender may perform a cross lien. This is where they put a lien on another property you own that has some equity in it. This lien serves as collateral for the new hard money loan you are trying to obtain.

A hard money loan is an option if you have bad credit since there are no credit requirements. It also may be an option for those who are self employed and don't want to show their document of income. Also they may use a hard money loan for a new construction project. In these cases, it is easier to obtain funding than trying to obtain a traditional mortgage, especially if they have several other investment properties simultaneously. For investors, these loans carry high interest rates, but they don't carry the mortgage long before selling the property.

Before taking hard money loan, you should choose verified hard money lenders. Otherwise you will be suffering from them. From “Lending Universe Inc”, you will find more than 10000 hard money lenders and a huge collection of loan brokers also. All of them are registered. They are always ready to give you a hard money loan and broke the loan.

For details know about hard money loan and other option please visit from here: www.lendinguniverse.com

 How to get hard money loan?

In our real life we are always in money problem. There are many ways to overcome from this problem. Hard money loan is one of them. Yes, this loan is the best way for solve this problem. There are many people in the world who take hard money loan and solve their problem easily.

You can take loan from bank. Banks typically have a lower cost of funds than other organizations or lenders. Because, there are many depositors who keeps a lot of money in the bank. Thus, banks have easy access to those funds to lend out. And, if banks don't pay interest for those deposits or pay very little interest like they do today then those funds are very cheap for the bank to use. But you need to be qualified for bank loan. Because, they will give you loan if you are able to fulfilling their requirement.

On the other hand hard money loan. That means a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real-estate. It is usually issued by private investors or companies. Hard money loan which is also known as "equity loan", "trust deed investment loan", "private loan", "private investors loan".

Usually this loan is valid for some months or years only. The hard money loan interest rates are higher than conventional, commercial or residential property loans. Sometimes hard money lenders are given to borrowers 65%-75% LTV.

Believe it or not but getting hard money loans are very easy. The easiest way of finding hard money lenders is through web. You will find lots of hard money lenders in the online. You can take hard money loan from them. But you need to verify them by checking their license.

If you really want to take loan from verified hard money lenders then you can contact with “lendinguniversinc”. Because only they will give you best services. Yes, you can believe them 100% guaranteed.  If you have any doubt about their services then you can verify them. They are world’s one of the largest any kind of loan provider. They have other services also. Which may your best choice?  They have Find a Loan Broker/Lender (27,480) Find an Appraiser (17,664) Find a Real Estate Agent (15,608).

You can find more than 10000 hard money lenders and a huge collection of appraiser, real-estate agent etc. All of them are registered. They are always ready to give you hard money loan and broke the loan.

In “lending universe Inc”, you will find real-estate loan from 27439 companies. For your credit card you can also apply here. Because here you can find more than 100 companies who will give you a credit card in short time. You can easily buy your properties as your choice and also sell your properties from here.

For details know about hard money loan and other option please visit here: www.lendinguniverse.com

Bank loan VS private money loan

Always we take loan for our business or other personal needs. We take loan from bank or private investor or other organization.

Every business owner wants a bank loan for his business. In fact, many of them think that bank is the only place they can get a business loan. But this is not true.

Why everyone wants to take bank loan?

The answer is very simple and meaningful. It is usually because bank interest rates can be lower than other loans interest.

1. Why do bank loans offer lower rates?

• Banks typically have a lower cost of funds than other lenders. Because, there are many depositors/customers who keep a lot of money in the bank. Thus, banks have easy access to those funds to lend out. And, if banks don't pay interest for those deposits or pay very little interest like they do today then those funds are very cheap for the bank to use.

2. What are the requirements for bank loan?

• For getting loan from bank, we have to be maintaining some bank rules. Such as we should have good condition of credit. After that why we take loan? How much will profit from it and its future? Etc.

If anybody has bad credit then he/she will directly disqualify for bank loan. After fulfilling their rules, they are giving you bank loan. Otherwise not. 

1.What is hard money loan?

Hard money loan which is a specific type of asset based loan. Hard money loans are typically issued by private investors or companies. This loan is also known as private money loan. Actually hard money lenders are giving you loan by your property value. Hard money loan is a short time loan process for some months or years only. Although, it is depend on lenders choice.

2.What is the interest rate of bank loan?

The interest rate of hard money loan is greater than any other residential or conventional loan. The rate is not dependent on the Bank Rate. It is instead more dependent on the real estate market and availability of hard money credit. Sometimes lenders are giving you 65%-75% LTV (loan to value).  As of 2008 and for the past decade hard money has ranged from the mid 12%–21% range. That rate can be increase up to around 25%–29%.

Bank loan is good. If you are not able to fulfill their condition then hard money loan is the last and first choice for you. For hard money loan need not much condition, easy to get, need short time.

You can find verified hard money lenders from “.lendinguniverseinc”. Who provides you hard money loan. It has other services also. Such as real-estate loan, home loan, mold inspector, home inspector, home designer, Architect, cleaning services, construction contractor, notary public, home insurance, buy and sell property, credit card, appraiser etc. From “lending universe”, you will find more than 10000 hard money Lenders and a huge collection of loan brokers also. All of them are registered. They are always ready to give you a hard money loan and broke the loan.

Lending Universe is a leader for finding the right notary public for each and every situation. With thousands of Notaries Public professionals in their search database now. For details know about hard money loan and other option please follow this website: http//ww.lendinguniverse.com/.

Some basic knowledge about loan

Loan plays a vital role in our life. People use loans for a variety of reasons and things. There are many types of loan. Such as home loan, real-estate loan, hard money loan, car loan, SBA loan, commercial loan etc.

Before taking loan you should have some basic knowledge about this.

What are the requirements of bank loan?

v  If you want take loan from bank then you have maintain some rules.  Bank has some condition. Firstly you have to good credit. Secondly your present job, income. Then comes where you invest this money and how much profit will come from this project etc. After that they will be able to give you loan, otherwise they will not give you loan.

What is hard money loan?

v  Hard money loan which is a specific type of asset based loan. Hard money loans are typically issued by private investors or companies. This loan is also known as private money loan. Actually hard money lenders are giving you loan by your property value. Sometimes lenders are giving you 65%-75% LTV (loan to value). Hard money loan is a short time loan process. Although, it is depend on lenders choice.

 What is the interest rate?

v  The interest rate of hard money loan is greater than any other residential or conventional loan. The rate is not dependent on the Bank Rate. It is instead more dependent on the real estate market and availability of hard money credit. As of 2008 and for the past decade hard money has ranged from the mid 12%–21% range. That rate can be increase up to around 25%–29%.

      What is SBA loan?

v  SBA-guaranteed loans are made by a private lender and guaranteed up to 80 percent by the SBA, which helps reduce the lender's risk and helps the lender provide financing that's otherwise unavailable at reasonable terms. Its interest rate is depends on loan duration. If the loan has a term of seven years or more, the SBA allows the lender to charge as much as 2.75 percent above the prevailing prime rate. If the loan has a term of less than seven years, the surcharge can be as much as 2.25 percent. 

Where can I get verified hard money lenders?

v  For verified hard money lenders just go to “www.lendinguniverse.com”. Who provides you hard money loan. It has other services also. Such as real-estate loan, home loan, mold inspector, home inspector, home designer, Architect, cleaning services, construction contractor, notary public, home insurance, buy and sell property, credit card, appraiser etc. This is the best site for hard money loan and also for other services. From “lending universe”, you will find more than 10000 hard money Lenders and a huge collection of loan brokers also. All of them are registered. They are always ready to give you a hard money loan and broke the loan.

In “www.lendinguniverse.com”, you will find a real-estate loan from 27439 companies; you can also find 17,664 Appraisers  from here. Lending Universe is a leader for finding the right notary public for each and every situation. With thousands of Notaries Public professionals in their search database now. For your credit card you can apply here. Because here you can find more than 100 companies who will give you a credit card. There is a huge collection of buy and sell properties. You can easily buy your properties as your choice and also sell your properties from here. There are 15603 Real Estate Agents   and about 4525 number of Home Insurance Agents .

For details know about hard money loan and other option please follow this website: http//ww.lendinguniverse.com/.

Hard money loan and mortgages loan

Our life is full of problems. Everybody wants to have much money. For their luxurious life they are doing lots of work.  For this reason many people take loan to overcome their problems. In that case people are taking loan from bank, organization, private investors etc.

Bank loan is not easy to get now a days. In recent time bank verifies many things after that they will provide you loan. If you have bad credit then you will eliminated directly.  They also want to check your income source, tax paper etc.

For this situation you can take hard money loan. This is specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real-estate. It is a short term loan process. It is valid for some months or some years. Hard money loan is very easy to get in short time than any other loan. Sometimes lenders will give 65%-75% LTV(loan to value).

Applying for a mortgage loan with poor credit, there are some steps you can take to help get a better rate. Granted, if your credit score is low, the likelihood of getting a prime rate is slim. As a home buyer, you must be research various lenders and compare different loans.

Even if your credit score is good, the occasional late payment is common. If planning on buying a home, it is important to establish a good payment history with creditors - before applying for a home loan. Mortgage lenders understand that situations occur which make it difficult to pay bills on time.

A common mistake made by some home buyers is allowing several mortgage lenders to pull their credit. Shopping around for a home loan is smart. However, if comparing three or four individual lenders, do not consent to having your credit checked. Instead, request no-obligation quotes from lenders. Quotes do not involve credit checks. However, buyers must provide an accurate credit description. Once the lenders remit a quote, compare with the different offers and choose the loan with the best rates and terms.

One of the best website for hard money loan or mortgage loan is www.lendinguniverse.com. Because here you will get more benefits from other website or lenders. In Lending Universe Inc, you will get 10000 hard money lenders. All are registered and able to give you loan anywhere and also within short time. Similarly you can get mortgages loan from here very easily. You can buy and sell your property from here easily, with a short time and also with good price. If you want to build an attractive home, you can hire world’s best architect from here. From this website you can also get real-estate loan, appraiser, credit card, home inspector, home insurance, real-estate agent, notary public, moving company, cleaning services etc. If you need hard money loan, mortgage loan or other support you can visit here: http//www.lendinguniverse.com/.

                                             

Need Hard Money Loan?

Hard money loan is different from others loan. Hard money loans are typically issued by private investors or companies. There are many ways to get hard money loan. There are many ways to get hard money loan. In online you find lots of hard money lenders who will give you loan.

If you want to start your new business or invest your money in real-estate or buy land or home

then you can contact with hard money lenders. This is a short time loan. When you need instant loan with your bad credit then this loan is your best choice. Of course, if you need any financial help? Hard money loan is easy to apply and easy to get. This loan is taken by those people who are in money problem. I mean who have bad credit, low income. It was given by your property value, not your bad credit or low income. It has some rules and regulations. If you apply for a hard money loan from any hard money lenders then you should be careful about some rules of hard money loan.  

First of all you must be selecting a verified hard money lender. After that interest rates, where can you get it, how apply, what documents need etc.

You must know one thing very carefully that there is a high risk because of its flexibility. Cause you can get hard money loan anywhere and anytime as your need. So there should be high risk. You may have bad credit. Hard money lenders are giving you loan by your property value not your bad credit. If you are not able to paid back loan then they will take your property.  In some loan services, there may be certain terms and conditions that place you in a high risk situation. This is often intentionally hidden or made unclear, since they don't want you to know about it.

From the peoples point of view one of the best website for hard money loan and also other services is “www.lendinguniverse.com”. They are doing many projects right now. Such as FHA loan, mortgages loan, home loan, real-estate loan, fix and flip loan, appraiser, notary publics, home insurance, home inspector, moving company, mold inspector, home designer, find an architect etc. You can also buy or sell your property in “lendinguniverseinc” at a great price. Hard money lenders are always ready to give you hard money loan with some short, easy condition and also in small interest rates. You can get loan as you need. If you visit their website then you will find --Find a Loan Broker/Lender (27,480) Find an Appraiser (17,664) Find a Real Estate Agent (15,608).  They have others services also like home inspector, home insurance, moving company, cleaning services, notary publics etc. You can also buy or sell your property from here with a good price.

All of them are well experienced and also doing their services from many years ago.

For details know about them please visit: http//www.lendinguniverse.com/