Entries by ffamily

Real Estate Lenders: What Is a Lender in Real Estate?

A lender in real estate is a company that lends you money to purchase property. This lender might be a bank, broker, or another organization. They’ll evaluate your ability to pay back the loan before approving it and help you refinance later on if appropriate. Lenders are necessary for most buyers seeking property who don’t […]

What’s the Average Interest Rate on a Hard Money Loan?

If you want to buy land, flip a home, or invest in a construction project, you will probably need a hard money loan. When you are looking for a loan, it is important to know what the average interest rate is. This way, you can be prepared for the amount of money that you will […]

How To Become A Hard Money Lender

How To Become A Hard Money Lender Many people require loans to meet their financial needs. We all know the primary source of acquiring loans, i.e., from financial institutions such as banks and credit unions. Nowadays, it is quite easy to acquire a loan. However, the process is still time-taking. The borrower is only eligible […]

What is Amortization?

What is Amortization? Amortization is the accounting process by which the value of a loan or an intangible asset sees its value recording lower as time passes. You often hear about depreciation in the finance world, but amortization sees a lot of confusion for anyone without an accounting degree. So what is the difference and […]

What is a Short-Term Loan?

Short-term loans can be a quick way to gain funding that you might need immediately. They are often for lower amounts, and are typically due not long after they have been taken out. Short-term loans might include options like payday loans, car title loans, and bank overdrafts. While short-term loans can be a convenient option […]