Whatís All the Hype about Omni Military Loans?

Written by Tim Gorman

The average person some time in their adult lives will come across a time where they will need to take out a loan. However, if youíre inrepparttar military you arenít justrepparttar 147693 average person. Omni military loans are specially designed forrepparttar 147694 ease and convenience of military personnel. This is not to say that your regular bank loan isnít going to cut it, but Omni military loans haverepparttar 147695 "home court advantage." Most of Omniís offices are conveniently located close to military establishments and also in Europe.

Omni military loans are more convenient by a large margin when compared to your run ofrepparttar 147696 mill loan. Not only do you have close offices torepparttar 147697 base but, if you want to conductrepparttar 147698 whole thing fromrepparttar 147699 comfort of your home you have that option too. Omniís website is open 365 days a year 24 hrs a day. Omni military loans also work in conjunction with DFAS, this allows you to set up monthly allotments. Talk about no hassle! Not only do you have prompt monthly payments but you can monitor it with DFAS online! If you set up monthly allotments, you have zero paperwork and less fuss.

Ten Methods Of Creative Financing

Written by Steve Gillman

Do allrepparttar creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking.

1. Hard money lenders. You can ask around or find these online. They specialize in short-term loans at high interest. You typically use this type of financing for a "fix and flip." You can often getrepparttar 147582 money fast, and if you make $30,000 on a project, who cares if you paid $10,000 interest in six months.

2. No-doc and low-doc loans. No (or low) documentation of your income or credit required. Again, you can find banks that do these online now. The catch is that you will only be able to borrow up to 80% ofrepparttar 147583 purchase price or property value. If you have 10% in cash, you might be able to borrowrepparttar 147584 other 10% from a friend orrepparttar 147585 seller.

3. Seller-carried second mortgages. Sometimes a bank will loan you 90%, and allowrepparttar 147586 seller to take back a second mortgage from you for 5%, leaving you needing only 5% for a downpayment.

4. Land contract. Called "contract for sale" or other names as well, this just meansrepparttar 147587 seller lets you make payments, and deliversrepparttar 147588 title upon payment in full. I sold a rental this way for $1,000 down, because I wantedrepparttar 147589 9% interest, andrepparttar 147590 higher price I got this way.

5. Credit cards. If a seller will take $10,000 down on a fixer-upper that you expect to make $20,000 on, why not use credit cards? This is a true 0-down deal for you, and if you turnrepparttar 147591 project in six months, you will have paid $900 in interest on an 18% credit card. Don't let $900 get inrepparttar 147592 way of making $20,000.

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