Since the pandemic hit in late 2019, mortgage delinquency has dropped drastically, with the lowest being experienced lately. However, borrowers and lenders are still going through several financial challenges. As of August 2021, about 4% of mortgages in the United States were delinquent for [...]
Hard money lenders usually fund based on a loan-to-value ratio (LTV), which means they lend up to a particular proportion of the property's current market worth, usually 65-75 percent. Some lenders may also lend based on the property's after-repair value (ARV), which is the [...]
MBA is expecting a sharp hike in forbearance exits over the coming month. In August, the number of loans in forbearance stood unchanged from the usual 3.25% for the week. According to the most recent report from the Mortgage Bankers Association, 1.6 million homeowners [...]
For giving repair property loans, hard money lenders are generously compensated. Hard money loans are used by most people who adore real estate and want to repair up or restore run-down properties. The hard money loan industry brings together investors eager to make a [...]
With the recent activities surrounding the rate at which mortgage rates are fast rising, the lenders have made an important announcement of the launch of SOFR ARMs products, specially for the broker channel. Homepoint, a Michigan-based wholesale lender's latest firm, is one of the [...]
Hard money lenders are generally preferred by real estate investors over large financial institutions such as banks when it comes to acquiring loans. The following are the main reasons: Private money lenders process loans significantly more quickly, which is ideal for someone looking for [...]
The acronym DSCR is one of many in the finance sector. It is critical to real estate investing, and practically every lender considers it when evaluating projects. A debt-service-coverage ratio (DSCR) is an abbreviated version of the debt-service-coverage ratio. It's a closely studied metric [...]
Investing in Flip and Fix has grown increasingly popular. When considering one, there are a few factors that lenders should keep in mind. A FICO Score is one of the most significant factors. It's a three-digit number calculated using information from your credit reports. [...]
The lending market has not been left out of the massive disruption with the pandemic disrupting global activities. Several strategies implemented by private lenders to fully understand why borrowers defaulted are no longer viable enough to be relied on. With the new norms, a [...]
Lenders can improve their ROI with the correct automation technologies. This is despite the fact that lenders face several obstacles, including increased risk, higher borrower expectations, higher building material costs, insufficient housing inventory, and insecure pandemic rules. While we are all aware that automation [...]
