Most mortgage lending companies will ask you to allow them to “run” your credit, meaning they will request information on your credit from various credit rating agencies. RFG uses what is called a tri-merge report, which gives credit scores from three diff...
We are frequently surprised by the things that potential borrowers are willing to tell us, and conversely, that which they are not willing to share. They are usually happy to give us authorization to review their credit histories, tax returns, bank statement...
The year 2012 has ended and the effects of the economic recovery are beginning to be seen. Prices of real estate have stabilized in most parts of the country, and even begun to rise in a significant number of areas. The oversupply of distressed inventory has d...
We are pleased to write that RFG’s business continues to grow – we speak to new borrowers every day and as a result, have grown our borrowing base of customers significantly. Interestingly, as we add new borrowers, we continue to deal with customers that...
At RFG we are frequently asked the best ways to locate good rehab properties to purchase. Although there is plenty of distressed inventory out there, it is sometimes very difficult to connect the right property to the right buyer. ...
RFG is very excited to announce that is has started lending in four new states. In addition to Pennsylvania, New York, Delaware, Virginia and Connecticut, RFG now lends in New Jersey, Maryland, North Carolina and South Carolina. We look forward to expan...
YOUR CASH COUNTS Having adequate cash reserves is essential to getting a loan approved by both traditional lenders and private lenders. RFG has recently received several applications from potential borrowers, who, although otherwise qu...
SOUTH PHILADELPHIA SUCCESS STORY From time to time, we would like to share success stories of RFG customers. One such story is as follows. RFG was contacted in January by two brothers in law that had purchased a vacant lot in South Phila...
PRIVATE LENDER OR HARD MONEY LENDER Which type of lender is right for you? Many people in the property rehab business think that private money rehab lenders and hard money rehab lenders are the same. They are different in many ...
Rehab, Investment, and Mortgage Quick Tips
Enter your email address and you will be added to our list
