Insula Capital Group

hard money loans

Answered: How Does Second Mortgage Hard Money Work?

  Second mortgages are often used as a form of financial security or to finance other ventures, including businesses, real estate investments, and more. It’s typically used in tandem with your existing, original mortgage, which can make it trickier to secure and obtain. Not everyone qualifies, and lenders are often hesitant to give borrowers this …

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Hard Money vs. Conventional Mortgage Financing: Which Is Better?

Traditional lenders such as banks are notorious for being picky with their loan applications. But why is that the case? Traditional financial institutions are governed by strict laws driven by the mortal age institutions. Fannie Mae and Freddie Mac. Often, when a borrower falls outside the requirements set by these institutions, it can be challenging …

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How to Get a Mortgage When You’re Self-Employed

There’s a long-held belief that it’s more challenging to get a mortgage when you’re self-employed. Unfortunately, when it comes to the conventional route, there is some truth to this. Self-employed borrowers are often viewed as a more considerable risk compared to those in employment. Additionally, they also lack the tax documentation and other necessary proof …

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