Hard Money Lenders of California

There is a strong demand for housing in California. That is the good news. The poor news is that few can afford it. The market has rocketed away from control leaving investors to ponder other solutions. Many are turning to hard money lenders.

The demand for housing in California.

The California Association of Realtors says that essentially all of California is rocking insane by now. The demand for houses has stretched to bizarre levels. That is the good news because it implies that if you are an agent working in that area you have plenty of potential clients who want your services.

And the bad? Few people can buy most of the houses that are currently on the Californian market. They are unaffordable.

The joke in the real estate industry is that if you want to buy a house in California – sure, you can buy a box. Comparatively recently, the LA real estate news traveled the nation comparing property results for $100,000 dollars. In suburban Detroit, you could buy a castle for that amount; in Ft. Lauderville, an orange villa; in Chicago, a stunning condominium near the Lake; and in Manhattan, 200 ft. of earth. California was no better with maybe a small plot that you could rent from an honest landlord with plumbing and utilities included.

Of all areas in California, San Francisco is the nation’s most expensive place to buy with a median sale price of $1,312,500, according to the California Association of Realtors (CAR). The rest of ‘this golden city’ is not much better. In Los Angeles, the median home price is $486,310. But home buyers who want to live in L.A.’s most desirable areas will pay much more, and inventory is tight.

And then you’ll need a loan…

Government-backed conforming loans are capped at $625,500 in high-priced areas. So unless investors can make a substantial down payment to qualify for a Fannie Mae, Freddie Mac, or FHA loan, the only way many Californians can finance their mortgage will be to consider other alternatives.

One of these would be visiting hard money lenders

Hard money lenders – what are they?

More than half of hard money loans is originated and closed in California, and the numbers of hard money lenders who live and bid from this pricey city is growing all the time.

Hard money lenders are independent lenders who dole out their own money to people who need a loan. The money is contingent on the value of the collateral rather than the borrower’s credit history or FICO score. Other advantages are that the process is simple and smooth, the environment personal, the lending schedule and terms flexible; and the process as fast as two days. (Some borrowers actually receive same day turnover). Minuses include low loan-to-value ratio (as little as 50% to 60%) which means that your property may actually be valued at far less than it is. And you have to repay at high interest rates. If you fail to repay, you risk losing your property. For these reasons, many consider applying for hard loans only if they absolutely need them and are unable to get the loan through traditional means. They then apply if they need the loan for short-term purposes and are confident that they can repay.

Hard money lenders in California

Prepare for hours of browsing. Hard money lenders in California are a group unto their own. In fact, many directories on hard lenders add an extra page for lenders in California. You’ll find as many as 200 or more if you take the time to research and you use various engines. Lenders find California to be an exciting market – no wonder with its high prices and spiking demand! The advantage for you is that you’ll find reasonably competitive prices. Be prepared to negotiate about schedules, time, and fees. And always research credibility. Lenders in California should be licensed through a Californian regulatory agency and through the National Mortgage Licensing System (NMLS).

Aside from that, draw up a business plan that will outline how you want to use the money and decide what loan you want. Lenders service different clients and provide diverse loans.

The short of it is this…

The costs of housing in California are notoriously high driving professionals to consider buying instead and to look for loans to facilitate the process. The biggest challenge for these borrowers isn’t income, but having enough money for the exorbitant down payment. (This can sometimes as much as 20%). Alternatives such as an interim hard loan could come in useful; many borrowers tend to hook a bank loan later on to check off repayments. You’ll want a wise and trustworthy broker who can help you make one of the most important choices of your life.

Hard money lenders in California could be your answer.

Lowes Garage Door Installation Cost Will Save You Money

Lowes Home Improvement stores are well known for their low prices and quality products. If you own a home you probably have used Lowes to find the products you need to improve, maintain or repair it.

Searching for and finding the right garage doors for your home can be a nightmare even if you use the Internet to conduct your research. The best garage doors available are frequently the most expensive however you should not use garage doors pricing alone to make your selection.

Your selection process should carefully consider installation costs, construction materials, removal of any existing door, type of garage door opener and warranty. Lowes garage doors installation costs are considered one of the best buys on the market today. Lowes installers are considered and called partners and they must meet Lowes strict standards. Every installation is rated by the purchaser to assure that customers are receiving the quality services they are paying for.

Lowes garage doors installation costs range from as low as $199 to $599 depending on the size of the door and where the door is being installed. Obviously installing an oversize garage door will require more skill and time. If you need to install a garage door opener as part of your installation you can expect additional cost. Over all the, Lowes garage door installation cost is slightly lower than the average installation costs.

As an alternative to purchasing your garage door from Lowes you should consider comparing prices and services with Home Depot. Both Home Depot and Lowes sell quality garage doors. Just as with Lowes Home Depot provides garage door installation services that are comparable. In addition you have the option of installing a garage door yourself. Both home improvement stores will assist you in your efforts. The downside of self installation is the time it takes to complete the installation and the cost of disposing the old door which normally part of any professional installation cost. Self installation will also require you to have the assistance of at least one helper.

We feel that the Lowes garage door installation cost is very reasonable and provides the home owner the peace of mind knowing that the installation was done correctly. Occasionally installation cost can be included in the purchase price of your garage door. Be sure to check with you Lowes sales representative on the latest sales offers.

House Insurance Online Guide: 5 Mistakes You MUST Avoid When Buying Home Insurance

Home insurance is something that most people require. While it is very easy to search for house insurance online, it’s not as easy to actually select a policy. There are plenty of mistakes that people make when selecting coverage. Just one mistake can cost you dearly.

Since it’s probably one of – if not THE – most valuable asset you own, it’s essential that you buy the correct type of insurance for your house.

Here are some huge mistakes you’ll want to avoid when purchasing house insurance online:

Mistake #1: Underinsuring your home

Many people go with the lowest price thinking they will save money every month. They buy only enough insurance to cover the mortgage, or only insure the house for its real estate value, in the gamble that the house won’t burn to the ground or get flooded out.

But that shouldn’t be a gamble you take. What you should do is buy enough coverage so that you will easily be able to rebuild the home. Building a house usually costs more than what it is worth – especially considering the increase in construction prices.

Mistake #2: Not buying contents insurance

Don’t forget about the actual contents INSIDE the home when shopping around for house insurance. Make sure the policy includes your personal belongings. What are you going to do if your favorite, expensive piece of jewelry is stolen? Or all of the furniture, floors, and appliances on the first floor and basement are destroyed in a flood?

Mistake #3: Overestimating your amount of coverage

Don’t just assume that because the monthly payment is high that it covers everything. You must know all of the details of the policy. You could end up filing a claim for nothing. Before making any agreements with an insurance company, make sure you understand what is covered, what is not covered, when you will be allowed to make a claim, and for how much.

Mistake #4: Not setting your deductible correctly

Another common mistake many people make when buying house insurance online is setting their deductible either too low or too high. With too high of a deductible, you could end up with large premium payments. With it too low, you will wind up paying more out of the pocket when something goes wrong.

Mistake #5: Ignoring certain types of weather coverage

Whether you live at a high elevation and don’t think you’ll need flood coverage, or live outside of an area prone to earthquakes and don’t think you’ll need earthquake coverage, you are mistaken. Anything can cause a flood, including a plumbing disaster. Even if it’s not your entire property, you’ll still have some damages to worry about. As for an earthquake, there are states other than California, HI, and Alaska to worry about. There are Faults in other parts of North America as well.

Keep these factors in mind when searching for house insurance online. The best place to start is with Lemonade. It offers a variety of affordable policies for homeowners and renters, and even covers contents. If you’re lucky, you might even be able to find Lemoande sales and coupon offers.

Selling Your Home Privately

When you think about selling your house privately one thing to consider is to decide where to place all of your furniture and anything else in your house. Well this is quite right but selling a house means also to get rid of all the debris, to fix all the damage in the home, to determine the price of your house, and also to make an advertisement in the newspaper.

Selling a house requires long planning and you need to do it before you choose to sell. You need to dispose of your feelings with your house and consider it as a valuable investment. When selling your house the people who would like to purchase it should think of it as their potential new house not as your old house.

Next what you must do when selling your house is dispose of all the clutter in your house. Maybe you are emotionally connected to some of this clutter and I remind you once again you need to get rid of your feelings. Look at all clutter in the closets, garage, attic, and basement. You do not want the purchaser to come to see the clutter in these places.

And then you really need to fix all the damage before you attempt to sell. But let me inform you, fixing the damages when selling a house does not mean you need to do something expensive for example renovating your property. You have to save your cash to purchase your new house or to get a new loan. Checking the light, water, closet and bathroom is an excellent thing to do before selling your house privately. Check the flooring, walls, ceilings, doors and windows before you sell.

Maybe the hard thing to do when selling your house privately is to determine the price of your house. Do not set your selling price too high when selling your house privately because it might be tough to find a buyer. And if you lower your price later it may be too late. Selling a house in about six months is a long time and if no one buys your house in this time period the other buyers might think that you will be eager and they will make a cheaper offer. So selling your home requires wise thinking and deep consideration to set the price of your home.

Next thing would be to create an advertisement about your house inside the classifieds. You need to make an interesting but not exaggerating one because folks may think it does not make sense if you made an advertisement like that. And after you advertise your house and there is somebody who is interested in purchasing your house you need to show your house to them. Try not to be home when they arrive to see your house. Keep your home neat and dispose of your kitchen trash. And in the end your house might be sold for the price that you desired.

House Insurance Comparison: Overview of Factors That Affect Rates & How You Can Choose a Policy

As with any type of insurance, you are probably interested in getting the best possible deal on home insurance. Thankfully, there are tools that make it possible to not only search for policies, but to do house insurance comparison with multiple quotes to find the best one for you.

For some homeowners, price matters more than anything. This should not be the case, though, since overall value is more important than cheap rates. Consider both the premiums and deductibles. Think about the rebuilding costs of your home. How much will it cost to literally replace everything is your home and property is utterly destroyed? The current value of your home and the rebuilding price will not be the same. Try to estimate how much you will be able to afford to pay in deductibles in the worst case scenario and keep that in mind when doing house insurance comparison.

Here are some of the factors that affect the insurance quotes you will get:

• Home’s type of construction and age

• Location

• Credit score

• Deductible

• Certain risk factors (swimming pool, trampoline, aggressive dog breeds, etc… )

• Claims history

• Roofing material

• The yard / property / landscape

Older homes have a higher chance of something going wrong regarding the electric wiring, plumbing, HVAC systems, ceiling, and construction in general.

House Insurance Comparison of Coverage Types

There are certain things that general home insurance policies don’t cover. Make sure you know exactly what is covered and what isn’t before you make your choice. Sometimes it is the matter of gaps in the coverage, where the policy owner thought they were protected but either had incorrect or insufficient coverage. Such issues can be avoided by carefully reading over the terms of each quote you are provided with.

Flood insurance, for instance, isn’t always covered in basic policies. If you live in an older home and have concerns about plumbing, or live near a body of water, this is something you will definitely want to think about. All it takes is a few inches of water to utterly destroy your flooring and some of your furniture. Even a small stream can become a raging river if there is enough rain.

Discounts are sometimes available, especially if you install safety and security equipment.

Where can you get started with house insurance comparison? All you have to do is look into the unique insurance platform set up by Lemonade. It even has a neat AI bot that will help craft the perfect insurance for you. Get affordable, reasonable rates – especially if you use Lemonade House Insurance discounts.