What is “Hard Money”?

What is “Hard Money”?

My cousin just got a loan and said he had to get hard money. What is “hard money”? Hard money is also called private investor money. These are loans that are made by private parties, or investment companies, or even crowd funding sites, to people who cannot get...
Back Down to a Quiet Week

Back Down to a Quiet Week

Overall it was a quiet week in economic data. August retail sales were down 0.3% t,he August PPI was unchanged, and the weekly jobless claims were up 1000. Collectively that should have helped interest rates come down (bad news is good for rates). The CPI was up...
What is “Hard Money”?

Veteran Wins Big

Veteran finalizes refi on a NO COST loan after finishing a BK. I am so happy for this client! He has been a client since 1999. He owned a business that he sold, but because he was the original signer on the lease, he was responsible for the entire commercial lease...
Is Rent Control Bad?

Is Rent Control Bad?

I heard from a friend at work that rent control is bad; is that true? First of all, let me explain that what people call “rent control” is called rent stabilization by city governments. That’s because they feel enacting a governmental limitation on the amount or...