Stay up to date on recent news relating to hard money lending and understand how this news impacts both borrowers and brokers.
I hope everyone has had a wonderful holiday season. As we gear up for 2014, there are a number of changes coming down the pipe for residential mortgages. I wanted to provide a quick summary and links to a couple…
No Upfront fees: What is the importance? Fairview never charges upfront fees to any borrower. I’m commonly asked: What does it mean that Fairview does not charge upfront fees? The financial dictionary states an upfront fee is: “A fee paid…
Where to turn when a bank says no? I hope each of you are having a great summer and beating the heat. The focus of this month’s column is on hard money, an alternative to traditional lending avenues. I’m commonly…
I'm commonly asked what is the typical loan term of a hard money mortgage. A typical hard money lender will provide a loan term of 3- 6 months. This short of a time period is a large risk/problem for…
As of Friday, Wells Fargo is no longer accepting broker originations. Per the press release: Wells Fargo & Co. announced that it would stop buying loans from mortgage brokers, effective on Friday. Wells says that loans from independent brokers account…
As the holidays are well upon us, many borrowers have asked: "can you close my loan by year end?". The answer is yes. Fairivew is a private hard money lender that strictly lends their own money. Fairview has the ability…
There are a number of outfits advertising hard money lending. Fairview is unique since we strictly lend our own money and there are no upfront fees. We fund deals we commit on and close quickly. There are no upfront fees.…
Fairview Lending (https://www.fairviewlending.com) is the leader in private lending in Colorado, Georgia and Illinois. We strictly lend our own money and there are never any upfront fees. We have recently updated a list of some of our recent hard money…
It appears real estate values continue to decline after the latest release of S&P/Case Shiller index. The majority of cities saw continued declines in values. So what is behind this decline increased interest rates: rates have recently come off the…
