Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

Archive for May, 2012

Hard Money the Old Fashioned Mortgage Alternative

Wednesday, May 9th, 2012

Clay Sparkman

Now that the Sub-Prime market for mortgages on home purchases and refinances is a thing of the past, we’re back to the situation in the ‘80’s when, if you couldn’t qualify for a black and white conventional mortgage, your only alternative was hard money. Quite frankly, now that I’ve been in this business awhile, [...]

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Creative Funding

Wednesday, May 2nd, 2012

Clay Sparkman

As you all know, sometimes we have to be creative to get loans done in this market. One of the most critical aspects of any loan is the Loan to Value ratio, and there are often options for reducing the LTV to make the deal more attractive.
For purchases, the seller carry back is a [...]

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