Key IRS Forms & Tax Terminology for Private Mortgages Glossary Navigating the tax landscape for private mortgages requires a clear understanding of specific IRS forms and terminology. This glossary is designed to provide mortgage lenders, brokers, and investors with plain-English definitions and context for [...]
What is Your Real Cost of Funds? A Critical Private Lender Metric What is Your Real Cost of Funds? A Critical Private Lender Metric In the dynamic world of private mortgage lending, success hinges on a keen understanding of financial metrics. While interest rates, [...]
How to Accurately Determine if Your Seller-Financed Deal is TILA/RESPA Exempt in 4 Steps Navigating the complexities of federal regulations like the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) can be daunting for private mortgage servicers and note [...]
Key IRS Forms & Tax Terminology for Private Mortgages Glossary Key IRS Forms & Tax Terminology for Private Mortgages Form 1098 (Mortgage Interest Statement) This IRS form is essential for reporting mortgage interest of $600 or more received from a borrower during the tax [...]
Seller Carryback (or Seller Financing) Seller carryback, also known as seller financing, occurs when the seller of a property acts as the bank, providing a loan to the buyer to facilitate the purchase. Instead of the buyer obtaining a traditional mortgage from an institutional [...]
Key IRS Forms & Tax Terminology for Private Mortgages Glossary Key IRS Forms & Tax Terminology for Private Mortgages Glossary Navigating the tax landscape for private mortgages can be complex, but understanding key IRS forms and terminology is essential for lenders, brokers, and investors. [...]
How to Accurately Determine if Your Seller-Financed Deal is TILA/RESPA Exempt in 4 Steps Navigating the complexities of federal regulations like the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) can be a daunting task for private mortgage servicers [...]
How to Implement a Tiered Late Fee Structure for Private Loans How to Implement a Tiered Late Fee Structure for Private Loans In the intricate world of private mortgage servicing, managing delinquencies is a constant challenge. While late fees are a necessary component of [...]
Assessing Risk-Adjusted Returns in Your Hard Money Portfolio Assessing Risk-Adjusted Returns in Your Hard Money Portfolio In the dynamic world of hard money lending, the allure of high interest rates and rapid capital deployment often captivates investors and lenders. The promise of significant returns [...]
Avoiding Legal Battles: Proper Documentation of Late Fees and Communications Avoiding Legal Battles: The Power of Diligent Documentation in Private Mortgage Servicing In the intricate world of private mortgage servicing, managing late payments and their associated fees is a common, yet often delicate, task. [...]
