Finding money lenders

Written by Jakob Jelling


Continued from page 1

Hard money lenders are a resource to turn to when you have bad or no credit and cannot find anyone to loan out money to you. They are private lenders who lend out money on homes and property, for private or business use, to financerepparttar cost of buying or repairingrepparttar 111801 property. The advantage of hard money lenders is that they have little qualification requirements and will lend to you even if you have bad credit. Hard money lenders, however, often charge higher interest rates on their loans.

Any money lender you do business with, you should make sure is legitimate and can provide you with his credentials. Well known and reputed lenders are a safer bet.

If you get turned down by money lenders you can ask them why. Also you can acquire a copy of your credit report to see where you can make improvements. With a good credit score more money lenders will be willing to loan to you, and thus you will have more choices and offers available.

Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.


Get that low APR mortgage fast!

Written by Bill Teddings


Continued from page 1

Having decided onrepparttar loan you want, your next step is to meet withrepparttar 111800 lender. Nowadays, most people prefer to meet withrepparttar 111801 mortgage company before startingrepparttar 111802 hunt for a house because by 'pre-qualifying' like this, you become more attractive as a buyer. The seller will know you are a serious buyer because you already have your finance in place, and can thus probably move quickly if a deal is struck. It also means you only go see houses inrepparttar 111803 right price range - nothing hurts more than finding a dream home then failing to get a loan for it due torepparttar 111804 size of loan required.

When you meetrepparttar 111805 lender, always remember to ask what kind of 'lock in' deals they are offering. A lock in, also called a rate lock or rate commitment, meansrepparttar 111806 lender will hold a quoted interest rate and a certain number of points for you while your loan application is being processed. Some lenders allow you to lock inrepparttar 111807 interest rate and number of points you'll be charged when you file your application, some do it during processing ofrepparttar 111808 loan, while others prefer to do it whenrepparttar 111809 loan is approved, or later.

And now all you have to do is find that dream house!

Mr Teddings is an independent advisor who writes mortgage articles for a number of publications, including www.mortgagedown.com the free site dedicated to showing YOU how to get those mortgages payments down, as fast as possible.


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