According to Inside Mortgage Finance, smaller banks and nonbank lenders are now dominating the mortgage business. A study found that these previously nontraditional mortgage lenders make up about 60% of mortgages today compared to about 39% in 2009. Of course, this depends on how you define smaller banks and nonbank lenders. When considering those outside
Raising Private Money To Finance Your Property Deals
March 7, 2013 by
It really is possible to raise money from private individuals to fund the purchase of an investment property, or to buy a home to live in. The key is to make the right presentation, and that presentation should be constructed with your potential lender in mind.
Mortgages Harder Than Ever to Obtain
May 14, 2012 by
Mortgages have become notoriously difficult to obtain, even among some of the most creditworthy borrowers, and lending standards are unlikely to be eased any time soon, according to Federal Reserve Chairman Ben Bernanke.
