Hard Money Lender

Orem, UT–Despite the chaos facing the major banks on Wall Street, credit unions face a better situation. The Family First Federal Credit Union of Utah has been shielded from the credit crisis, as it has not become involved in the risky investments, such as mortgage-back securities, that have causes larger banks like Lehman Brothers [...]

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With the financial industry in turmoil, some would think that hard money would be easier to come by for financing. This, however, is not true. The hard money lending market is freezing up just like the regular funding outlets.
Hard money lenders are cutting back on the number of loans they’re making in order to focus [...]

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The number of mortgage applications jumped 33.4% from the week ending September 5th to the week ending September 12th. The jump has largely been attributed to the buy-out of Freddie Mac and Fannie Mae as well as low interest rates.
Interest rates fell to their lowest rate since January to 5.82%. The lowest rate of the [...]

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Bridgelock Capital, LLC has announced it is responsible for funding $75 million in hard money loans. A combination of residential and commercial loans have been made in western states which include Home Equity Line of Credits, Adjustable Rate Mortgages, and Bridge loans.
Bridgelock seems to be strong despite the weakening economy and are aggressively pursuing hard [...]

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Jana Richard, an English teacher in Beaumont, Texas, recently started The Mortgage Warehouse to help people purchase a moderately priced home. She hopes to target customers who have credit troubles and counsel them on how to improve their credit during their lease.
The couple will take out hard money loans to refurbish the properties for sale. [...]

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