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Backtrace:

File: /home2/i50wpgkm/devseo.7daylistings.com/application/controllers/Page.php
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Backtrace:

File: /home2/i50wpgkm/devseo.7daylistings.com/application/controllers/Page.php
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Function: __construct

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File: /home2/i50wpgkm/devseo.7daylistings.com/application/controllers/Page.php
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File: /home2/i50wpgkm/devseo.7daylistings.com/application/controllers/Page.php
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Filename: drivers/Session_files_driver.php

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File: /home2/i50wpgkm/devseo.7daylistings.com/application/controllers/Page.php
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Filename: drivers/Session_files_driver.php

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Backtrace:

File: /home2/i50wpgkm/devseo.7daylistings.com/application/controllers/Page.php
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Line: 10
Function: __construct

File: /home2/i50wpgkm/devseo.7daylistings.com/index.php
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Function: require_once

7 Day Listings: California Coming Soon Real Estate Marketing

Off Market | REO | Pocket Listing


Benefits of Hard Money:

 

                Fast transaction. Transactions can close as quickly as a week.

                Easy qualification for buyer.  Sometimes the lender will base their loan on real estate alone.

                Much fewer required documentation.

 

Disadvantages of Hard Money

 

                High Interest Rates

                High Fees including points.  Average is 2 pts.

                Shorter terms.  Usually between one to five years terms

 

Benefits of Bank Loan:

 

                Great Rates

                Lower Fees including origination fee

                Longer terms, usually 30 year terms

 

Disadvantages of Bank Loans:

 

                Longer transaction periods.  Transaction may require 30 to 45 or even 60 days to close.

                Harder to qualify

                Lots of documentation

 

Disclaimer: The information in this website is provided for general informational purposes only. No information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter.