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hunting leases for $2000 a 2010. $500 pair of shoes. $17000 personal watercraft. Having options and choices helps the family to have a future and less sleepless nights.
There is one very clear advantage to getting a loan from the bank; and that advantage is price. In business, price matters. It is the number one motivation behind selecting one product over another. Another motivating factor is brand recognition; banks have a clear advantage when it comes to brand recognition.

DOWN PAYMENT: Do you have a down payment? Let’s face it, not too many people will give you a large sum of money without you giving anything in return, unless you have good credit. If you had good credit, you would not need a private lender. NO, this is not your local credit union where 3% is good enough. In fact, you can expect to put down between 7-10% of the loan amount, in addition to paying 3-6 points at the closing. There may also be additional fees; document prep fees, as well as other costs that you will have to pay. This isn’t for everyone!

Hang on! You’re almost there. The closing table is the last step before the title and the keys are handed to you and the house is officially yours. The date for closing is usually set after you bid is accepted, and for a few weeks ahead of that time. At the closing table, most of the important players are going to be there. This is where the official documents including the deed are signed, ownership of the house is officially transferred, and you walk away a home owner.

You’re in luck. I have been helping clients build wealth for well over a decade now, and I am going to give you 6 sure fire things you can do today to increase your wealth.

I still worry about cash flow. So much is tied up in real estate, mutual funds and the business that I cannot get to a lot it without tax consequences. I still drive an eleven year old car. We eat at the same places. We still argue about the credit card statement. I still buy the generic pasta at the grocery store because it is 15 cents cheaper. I am not going to “summer” in Europe or buy a Mercedes. That is not how I got here. If I make those types of lifestyle changes, I might not stay here. I have splurged on a few things. I have “invested” in my baseball memorabilia collection and we took a nice vacation.

Short Sale – In this scenario, the seller actually owes more money to their original lender then they are selling the house for; they are selling the bank short. You will find that https://nearmeloans.com/ has been specializing in where can i get a cash loan today for quite some time. Why would any bank want to lose money this way? Most don’t, so the seller where can i get a cash loan today required to submit a “letter of hardship” asking the bank to forgive some of their debt. If the bank accepts, they will get back to you, slowly(why would they put your deal at the top of the pile if they are losing money?), letting you know that the bid you put in was accepted. Short sales usually take much longer than other types of sales because there are 3 parties involved in placing and accepting a bid, the buyer, the seller, AND a bank that is losing money from the deal.

The good news is a private lender doesn’t really care about your past, but your ability to pay moving forward. Of course, it’s not the only determining factor, but again, who else will loan you “x” amount of dollars when you’ve “failed” in the past? Certainly not your local credit union or neighborhood bank.

Fees, Fees, and More Fees – When you signed your loan documents, there was a section where you agreed to pay the bank/SBA for the costs they incur in trying to collect the debt from you. In the case of the Treasury and its collection companies, that often can add an additional 20% to your debt total. Attempting to dispute these fees will be like trying to explain physics to my golden retriever…no matter what you say or how you say it, you will not have any success.

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