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Frequently Asked Questions
Commonly asked questions or terms are highlighted in this section. For more information you can reach out to us and we'd be happy to assist you any way we can!
What are hard money loans?
Hard money loans are a type of short-term, high-interest loan that is secured by real estate. Typically, hard money loans are used by real estate investors who need quick access to funds to purchase or renovate a property.
What is creative finance?
Creative finance refers to alternative financing methods that are used when traditional financing options are not available. Examples of creative finance include sub-to financing, seller financing, and lease-option financing.
What is sub-to financing?
Sub-to financing, or subject-to financing, is a type of creative financing that allows a buyer to take over the existing mortgage payments on a property. The buyer does not need to obtain a new mortgage, but instead takes over the existing mortgage payments.
What is seller financing?
Seller financing is another type of creative financing that allows a buyer to purchase a property by making payments directly to the seller, rather than obtaining a traditional mortgage from a bank.
What is lease-option financing?
Lease-option financing is a type of creative financing that allows a buyer to lease a property with an option to purchase it at a later date. This type of financing can be beneficial for buyers who may not be able to obtain traditional financing upfront.
How do hard money loans, private lending, and creative finance compare to traditional financing methods?
Hard money loans, private lending, and creative finance are all alternative financing methods that are typically used when traditional financing options are not available. These methods often offer faster access to funds, but they also come with higher interest rates and fees.
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