New Loan Scam to Avoid

This year, watch out for a new loan scam. This is a lending scam whereby a potential borrower is given loan terms in writing from a lender but is instructed to purchase some form of life insurance, or any insurance paid in advance of receiving the loan. Because the sum requested by the loan scammer […]

Pros and Cons of Hard Money Loans

Hard money loans (aka, private money loans or bridge loans) are short-term loans secured by collateral. They are called hard money loans because they are secured by a hard asset, usually real estate. These types of loans are funded by private companies and individuals rather than traditional financial institutions such as banks or credit unions. […]

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