2 min read
Ted Spradlin: Aug 21, 2023 6:33:09 AM
When a hard money second mortgage lender forecloses their position, one of two things happens. If the property sells at auction on the courthouse steps, they're repaid their loan amount. Or, they take possession (ownership) if no buyers meet their...
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2 min read
Ted Spradlin: Aug 3, 2023 5:41:08 AM
If you’re trying to estimate the costs for a hard money second mortgage, we've got you covered with this blog post on pricing, closing costs, terms...
2 min read
Ted Spradlin: Jul 24, 2023 9:07:43 AM
A business purpose hard money second mortgage is a type of loan issued by nonbank private lenders, including individual trust deed investors, family...
4 min read
Ted Spradlin: Jul 24, 2023 6:50:04 AM
Every year, we receive one or two financing inquiries asking for a hard money second behind a reverse mortgage. It’s an excellent question, and...
2 min read
Ted Spradlin: Jul 23, 2023 12:51:17 PM
This article offers homeowners alternatives to consumer purpose hard money second mortgages. Most private lenders don't offer these types of loans,...
2 min read
Ted Spradlin: Jul 23, 2023 8:48:52 AM
A consumer purpose hard money second mortgage is a loan where the loan funds, or proceeds from the loan, will go toward a personal use, such as...
1 min read
Ted Spradlin: Jul 23, 2023 7:45:59 AM
First Capital Trust Deeds (FCTD) has a minimum loan amount for a hard money second mortgage of $150,000, at a maximum combined loan-to-value (CLTV)...
2 min read
Ted Spradlin: Jul 23, 2023 6:27:53 AM
In order to obtain a hard money second mortgage, you'll need to know the acceptable ratio between the balances of the first and second mortgages. In...
2 min read
Ted Spradlin: Jul 23, 2023 5:52:07 AM
If you're searching online for the right lender for a hard money second mortgage, it's important to know your combined loan-to-value (CLTV). CLTV is...
4 min read
Ted Spradlin: Jul 23, 2023 4:56:21 AM
This article delves into the workings of a hard money second mortgage, starting with the personal and financial items a borrower should prepare...
