No Doc Loan – Acquiring a No Income Verification Mortgage

Home ownership means different things to different people: independence, an investment, or laying down roots, to name a few. The path to home ownership can be challenging, however. An irregular income, an unstable employment situation, or a lack of qualifying documentation can make it difficult to get a mortgage through most banks. If you find yourself in this situation, you may want to consider a no doc loan.

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How to Become a Hard Money Lender

Real estate investments can be the most lucrative types of investment. Getting loans for such investments are, however, sometimes difficult, especially if the property is in a bad state of repair or the investor has a problematic credit history. Even in the best cases, getting a loan quickly from a large bank can be a challenge. This is where real estate investors may turn to a private lender, particularly a hard money lender. And hard money lenders can make a healthy income from such investments.

In this article, you will learn what a hard money lender is, the advantages and disadvantages of being a hard money lender, and how you can become one.

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