Loan Origination Software Online

  Appraisals for private money loan differ from regular assessments. Many investors have become accustomed to relying only on an appraiser to assess the loan value . Most bank transactions are like this because the loan officer or banker does not have the time or knowledge to analyze all collateral types . Hard money and private loans are not the same. If you are investing in a private money loan, the best way to protect yourself is to determine the value. You don't have to be a professional appraiser to determine value. However, you must know what tools to use and the proper method for determining value. Different forms of collateral necessitate different evaluation methods; however, here are a few pointers to help hard money / private money investors perform due diligence on the collateral's worth. Valuation Pointers Obtain several points of value rather than relying on a single valuation estimate . Below are some examples of the different types of estimates : Appraisals A...

Asset Based Lending When a real estate investor obtains financing for a property based on the borrower's assets, this is referred to as asset-based lending . In asset-based lending, liquid assets are assets that may be converted to cash in a relatively short amount of time, such as cash or marketable securities. A person's income, stocks, bonds, mutual funds, and cash on hand are all examples of liquid assets. However, asset-based lending is not usually associated with liquid assets. The asset is more frequently known as property. In summary, asset-based loans demand collateral, and real estate investors frequently employ asset-based loans for fix-and-flip homes, distressed property improvements, or long-term leases. Asset-based loans are almost often for business purposes rather than ordinary homeownership. Benefit of Asset Based Lending However, one big benefit of asset-based financing is that it is far faster than dealing with banks and traditional loans. It also demands les...