Every Friday on the Rules of Thumb blog from MoneyThumb we dedicate our posts to all things concerning lending, especially hard money lending. The reason for this is that we have a lot of blog readers and customers who use our proprietary software, PDF Insights, to help them make quicker and better-informed lending decisions.
On this particular Friday, Oct. 22, 2021, we have decided it's the perfect time to offer our blog readers and PDF Insights customers a look into the world of blogging about hard money lending. Many of these blogs listed below deal specifically with real estate investing since most hard money lenders use properties as collateral for loans. They say knowledge is power, so without further ado, below is a list of what we consider the best blogs for hard money lenders for your education:
Hard Money Lending Blog-- This blog from Broadmark is a great one for hard money lenders. For instance, this post, 4 Ways To Ensure Your Hard Money Loan Closes Quickly, is one of the most thorough we have found on the process of quickly processing hard money loans.
The Hard Money Blog--Crescent Lenders has a wonderful blog chock full of helpful information for hard money lenders. This post, What Happens if You Default on a Hard Money Loan breaks down the process of a defaulted loan in easy-to-read but comprehensive terms.
Tactica Res Blog--We were especially impressed with this blog post from Tactica's blog. The post is titled Hard Money Loans: A Practical Real-World Explanation and would be considered a must-read for hard money lenders as well as potential borrowers of hard money loans.
Lend Foundry Blog--This blog post from Lend Foundry is titled How Automation Can Enhance the Loan Origination Process perfectly explains automation as it applies to lending.
Private Lenders.com Blog--The name says it all. This blog from Private Lenders.com is so rich in information you absolutely must check it out, with posts like this one, What Are The True Cost of Hard Money Loans. The post explains the true costs of hard money loans and even has a hard money loan calculator.
Hard Money Home Blog--This blog is not only for private and hard money lenders but for borrowers as well. It is good for private lenders to keep up with what is going on in the world of their borrowers, and posts like this one, Is Your Property Worth the Monthly Payments, will accomplish that goal.
The Rules of Thumb Blog From MoneyThumb--You didn't think we were going to leave ourselves out of the running for the best blog for hard money lenders, did you? We have worked hard to earn that title, with blog posts such as this one, Private Money Lending vs Hard Money Lending, and this one, Tips for Creating a Successful Private Lending Practice, and this one, The Evolution of the Hard Money Lending Industry.
By following the above blogs, your knowledge base as a private/hard money lender will be enhanced ten-fold.
Another definite way to enhance your lending business is by using PDF Insights if you aren't already doing so. PDF Insights is The Next Generation of Underwriting Automation. In under 5 seconds, PDF Insights will produce an underwriting scorecard to demonstrate the creditworthiness of your applicants.
You can request a live demo of PDF Insights by following this link.
Any share of this blog post on your social media channels will be greatly appreciated. Help your lending peers update their knowledge base by sharing.
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