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A mortgage is a document signed by a borrower when a home loan is. it easier for homeowners to cancel private mortgage insurance (PMI).
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Real Estate Loans: If you’re a real estate investor, you probably need money often, and applying for loans is a pain. Some private individuals (and other organizations) specialize in making repeated loans to real estate investors, and it’s worth getting familiar with these lenders. Sometimes known as hard money loans, these loans can be closed quickly, and you don’t need the traditional proof of income and assets that other lenders require.
Many Equity Trust clients use their self-directed IRAs to lend money to others for real estate projects, private businesses or other investments. Lending money is.
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Private money lenders typically offer loans that are secured by a real estate asset. These loans are used to purchase a house, condo or multifamily building. Private money lenders can be anyone from a personal friend to an established private lending company and are therefore called "relationship-based" lenders.
RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
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