Monroe Funding Corp

Low Rates May Spur Greater Hard Money Loan Opportunities

LogoAs with all other asset classes, real estate traverses market cycles. When the market is in a healthy state, property prices see growth and typically facilitates the ability to secure a loan. In bad circumstances, the opposite happens. When the market doesn't do that great and property values go down, getting a loan becomes a greater challenge. With COVID-19 the process has once again become more tricky.

Advantages of Choosing a Bridge Loan

LogoPutting it simply, bridge financing is a short-term loan that can help someone move from an existing property or home to another. This type of loan may be a good solution for certain people.

Working Effectively with Contractors

LogoAn important rule when flipping is making sure the numbers maintain accuracy. Also high on the list of priorities is making sure the job everything is going smoothly in managing the job. Rehabbers may encounter difficulties as they attempt to remain within the budget while working with contractors.

Fund a Second Home with a Bridge Loan

LogoMonroe Funding Corporation is dedicated to offering flexible financing needs. For clients looking to secure a loan using the home or property equity after being turned down by a bank, Monroe Funding Corporation can help.

Conducting a Title Search

LogoThe step of performing a title search is key to the closing of a transaction involving vacant land. Real estate investors require the reassurance that the property is clear regardless of who the seller may be. It includes getting the deed and paying the money to the real owner of the property as opposed to somebody who feels they own it.

Monroe Funding Corp Provides Hard Money Loans for 2020

LogoMonroe Funding Corp is a direct mortgage lender that offers a range of products to Florida to meet the needs of real estate investors. Customers benefit from flexible terms and conditions that are tailored to meet any long-term or short-term requirements for 2020.

Improve the Flipping Process with Some Simple Tips

LogoFort Lauderdale, FL – Property flipping at the right time can yield great rewards, anywhere from a ten to fifteen percent return on investment in certain cases. Flipping plus the adaptability of a hard money loan presents a fantastic opportunity to become familiar with real estate investing and construction. Using a couple of tips, it is possible to increase earnings and avoid common pitfalls which may include obtaining the necessary permits.

Boosting a Property's Appraisal Value

LogoA fresh paint job can make a home look like new instantly. Getting rid of extra furniture provides a higher sense of space, reducing clutter. An appraiser will consider these things so it worth cleaning up and organizing.

Differentiating Hard Money and Soft Money Loans

LogoWith hard money, it typically involves a loan intended to provide funding for renovation and improvement of a property, or perhaps as a bridge loan. The money is secured using the equity of the property. The loan terms are short, as little as a few months in some cases. Interest rates tend to be high because investors are concentrating on property equity versus examining a borrower's credit history.

Making the Decision to Rent or Sell

LogoWhen it comes investment properties, investors will typically need to evaluate a pair of options: rent or sell. Selling is largely viewed as a short term solution while renting is considered long term. As with anything else, there are pros and cons to each option, one of which may make more sense than the other.