Understanding How And What A Hard Money Loan Is

When it comes to the world of loans, there are many misconceptions when it comes to hard money loans and San Diego hard money lenders.

Let’s clear some of them up. We’ll start with a basic definition—a hard money loan is typically financed with real property, and the interest rates are usually higher than other property loans. This is because of the short duration of the loan, which often makes the transaction riskier.

While it is true that hard money loans are similar to bridge loans, there are differences.

Bridge loans are usually applied to investment or commercial properties that don’t qualify for regular financing, but hard money loans are often applied to situations of financial stress. These can include the owner being falling behind on mortgage payments, or situations where bankruptcy or foreclosure procedures have been initiated.

Because of the high risk and high interest rates, the terms imposed by San Diego hard money lenders may be fairly strict. The amount that can be given out is usually figured out using a ratio of the loan amount divided by whatever the value of the property is determined to be. This number is known as the loan-to-value (LTV), and some hard money lenders may give out up to 65-75 percent of the value of the property.

The term “hard money” has an interesting history of its own. Its usually only used in the US and Canada, which are the two countries where this type of loan is the most common. The practice began in the late 1950s, when many new laws were applied to the US credit industry. Hard money loans are typically unregulated by state and federal laws, although usury laws against especially high industry rates may be applied.

Hard money lenders will almost always use the LTV before applying any extension of the financial terms. This is because the basis of the loan is the eventual liquidation value of the property that forms the backing of the loan.

Because of this restriction, hard money lenders will figure out the value of the property using what’s called a broker price opinion, or BPO. Some hard money lenders use an independent appraisal from a licensed appraiser in the state where the property is located.

If you are going to consider a hard money loan, its important to ask as many question as you feel are necessary about the terms and … Read the rest

Everything You Need To Know About SMS Marketing

What is SMS marketing?

SMS marketing exclusively uses SMS messages to communicate with your clients/customers. All you need to do is collect your customer numbers and put them in your personal account. Then you can send a text message to all your clients or a specific group at once. The length of the message can be up to 160 characters. If the user is unavailable, messages are saved and delivered later when the user becomes available. This type of marketing provides and guarantees a very high percentage of feedback from your customers. Text to win is experiencing real popularity

SMS is really cost-effective

The price of an SMS is negligible and is only a fraction of the price of a telephone conversation. SMS marketing offers you the opportunity to maintain contact with a huge number of clients with minimal investment of your valuable time, money, and human resources.

SMS has an instant effect

Mobile phones are always near us, and we rarely go anywhere without them, so your message will be delivered and seen within seconds.

SMS reaches a huge number of people

In our country, almost all people have mobile phones – there are twice as many mobile phone users as Internet users.

SMS marketing guarantees that the message will be noticed

SMS is a personal form of communication. By their nature, these text messages are short, which means that they will always be read in full. The message must be opened, even if people want to delete it.

SMS marketing is personal

Messages are sent to the client’s private numbers so that each of your clients has the impression that the message is intended for him. There is also an option to personalize mass messages. SMS marketing is direct and private.

Text to win SMS marketing service benefits:

  • Allow customers to receive all the information about the balance on their account by sending an SMS.
  • Allow your customers to check the status of their order by sending SMS account numbers, or add certain points to their account.
  • Allow your customers to easily get information about the price of goods or services or the state of stock directly from your database by sending a message.
  • Allow customers to order a specific product from you or just reserve it.
  • It allows you to communicate with customers and send them regular information relevant to your business.
  • It allows you to send
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