Archive for March, 2006

Applying for a Hard Money Loan

Friday, March 31st, 2006
Posted in Hard Money

Applying for a hard money loan is easy with Onward Financial.  Generally, Onward Financial lends money to purchase and rehab residential properties based on two factors, the property and the borrower. Borrowers should submit a loan application by either downloading one or filling out our online application at https://secure-onward.blueinksoftware.com/loan_form.htm

We approve our borrowers in less than 24 hours and you only need to apply once with us. 

Residential Real Estate Investing

Thursday, March 30th, 2006
Posted in Hard Money

Investing in residential real estate can be financially rewarding if you approach it with the right  financial mindset and a bit of patience. 

Too often we hear about people buying residential real estate for investment and rehabbing the property as if it were going to be the next Taj Mahal.  Know the neighborhood that you are investing in and rehab accordingly.  If the neighborhood calls for granite countertops, then by all means but in granite but don’t make the mistake of over or under shooting the market.

As with all investments, things don’t always work out as planned.  Have some patience and always have a plan b in place, that way you will always know where the exit is and the best way to get there.  Investor rehab loans are our specialty, call us to find out more…

  

Fed raises short-term rates… again

Wednesday, March 29th, 2006
Posted in Hard Money

Well, it didn’t come as a suprise to wall street but the new fed chairman raised the fed funds rate again yesterday.  We know this hurts short-term but hopefully this inflation fighting stance will help keep long-term rates relatively low.  Only time will tell what type of impact continued rate increases will have on the housing market.  For now housing markets continue to hold their own, although new home sales were off significantly. 

How does this impact you the individual investor?  For now, it will not have much of an impact.  Most hard money lenders will keep their rates the same or raise them slightly.  Onward Financial will continue to provide hard money financing at market competitive rates.  We believe in our customers and want to see their continued success. 

Hard Money for Residential Investments

Tuesday, March 28th, 2006
Posted in Hard Money

Finding hard money for residential investment properties is a challenge.  Onward Financial is committed to simplifying the process and procedures for obtaining a residential hard money loan for investment property.  Onward Financial is a hard money lender that lends on residential investment property.   We provide both purchase and repair money to help investors realize their dreams of building wealth through real estate. 

 Onward Financial.   Hard Money.  Simplified.

Investor Rehab Loans

Tuesday, March 28th, 2006
Posted in Hard Money

Investor rehab loans are used by real estate investors to residential properties that are in need of money for repair or updates.  Investor rehab loans from a company like Onward Financial gives borrowers the funds to both purchase and rehab properties.  Instead of coming out of pocket for the repairs, investors can use a investor rehab loan to make the necessary improvements to a property.  These improvements often result in an increase in value and substaintial equity to the investor.