1 min read
Ted Spradlin: Jul 6, 2023 3:40:59 PM
A private money loan is a type of short-term loan that is funded by private individuals (trust deed investors), family offices, or private mortgage...
2 min read
Ted Spradlin: Feb 21, 2023 11:23:40 AM
Yes, hard money lenders check credit when they underwrite a new loan application. Even though credit scores aren’t the primary deciding factor to...
4 min read
Ted Spradlin: Feb 21, 2023 7:47:57 AM
If you’re facing foreclosure on your primary residence, you’re probably searching for ways to save your property from potential sale at auction by...
3 min read
Ted Spradlin: Feb 20, 2023 11:28:58 AM
Hard money loans are considered "cash" in instances where the property seller mandates the buyer pay with cash rather than with bank financing....
1 min read
Ted Spradlin: Feb 20, 2023 6:59:04 AM
Yes, nearly all hard money loans are interest-only, with only a few having a fully amortizing payment structure.
7 min read
Ted Spradlin: Feb 6, 2023 12:53:31 PM
An average person — and even real estate agents or conventional mortgage lenders — may have some questions on how hard money loans work. Maybe you...
3 min read
Ted Spradlin: Jan 19, 2023 2:12:37 PM
Hard money loans are a popular option for borrowers to quickly fund real estate projects with minimal documentation. However, these loans come with...
4 min read
Ted Spradlin: Jan 19, 2023 9:07:07 AM
If you’re like most people, you always buy or refinance with a traditional 30-year fixed rate mortgage. You've never considered using a hard money...
2 min read
Ted Spradlin: Jan 17, 2023 7:01:41 AM
Hard money loans for bad credit used to be a thing back in the housing bubble years of 2003-2007. Borrowers with low credit scores (350 to 550) or...
4 min read
Ted Spradlin: Jan 15, 2023 2:59:32 PM
Every week, FCTD receives inquiries from people who are not good matches for hard money loans. It's important to remember that hard money loans are...
