Tips for Getting Approved For a Private Loan in an Uncertain Market As the world adjusts to life during a pandemic, we at Rehab Financial Group are still open and funding loans for our investors. From our perspective, this crisis is different from the 2008 recession. This is a health…
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A Message from Susan Naftulin, President of Rehab Financial Group Investors & referral brokers and partners, As we close out our most productive month & quarter, we now are facing a truly unparalleled situation. The global coronavirus pandemic is affecting all of our families, our businesses, our communities, and our
How To Buy REO Properties REO stands for Real Estate Owned. Lenders give this name to properties they’ve taken possession of as a result of their borrowers’ default. Every lender has an REO department that handles the maintenance and disposition of REO properties. It is the challenge of the bank…
Having Adequate Cash Reserves 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 qualified, do not have enough cash on hand to get their loan application…
The Value of Your Flipped House RFG receives calls from potential borrowers everyday seeking financing for their rehab projects. We love the excitement that they have for their newest project, but frequently find that they have “fallen in love” with the house and have not done their homework regarding the…
Watch Out for Date Requirements! An agreement of sale for the purchase of real estate contains multiple dates that you need to keep track of to make sure that your deal gets done. It is very disappointing when a purchase of a property does not close or the buyer does…
Mortgage Loans: Don’t Hide Facts When applying for a mortgage loan, the lender will ask you to fill out an application and provide supporting documentation. It is important that you review what is being asked for and supply all of the requested information. If you cannot supply something, explain to…