Showing posts with label bridge loan in Texas. Show all posts
Showing posts with label bridge loan in Texas. Show all posts

It’s your own!

Owning a house is a universal dream. People save all their lives to reside in their own home. But, it may be challenging to shell out a huge amount and purchase a home. What’s more, with the financial meltdown that hit the economy within the last 5 to 7 years,  purchasing a home has become even more challenging.

The good news is that with Sherman ridge Lending, your power to purchase  a home does not require a huge bank balance . Sherman Bridge Lending is one of the best private money lenders in Texas. They provide a variety of loans including hard money loans, mortgage loans, purchase loans and many more.

Your own property

If you want to purchase your own property, but do not have a strong bank balance, Sherman Bridge Lending offers you a loan to fulfill your dream. You can take a loan for the purchase; the repayment of which can be spread over a span of 20-25 years. As the repayment is through EMI, it will not add any pressure to your pocket. You simply have to pay a nominal rate of interest for the period of the loan. You can buy your dream home easily.

Another advantage of mortgage loans is the interest deduction, which is one of the biggest tax deductions in the US mortgage market. Tax deductions help reduce the amount of money you will pay when you file your taxes jointly or an individual status.. Please be advised  that this tax benefit is not applicable if you own multiple properties. In case of more than one property, you need to classify them as first, second and so forth. It is wise to seek the council of a professional tax accountant who will help you file a 1044 long form and ensure you get all the deductions available.

But, for your home, nothing could be better than a loan from Sherman Bridge Lending.

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The smart assistance!



A profitable real estate investment formula is to buy/fix and sell foreclosed properties in return for an attractive ROI. However, all investors aspiring to make money from this profitable deal may not be cash-rich. Some might need a loan to realise their investment dreams. Sherman Bridge Lending is one such hard money lender who provides hard money loans to investors keen on earning from the buy/fix/sell strategy. 

I have experienced their efficiency and support. I am real estate investor in Texas and approached Sherman Bridge Lending for my financial needs. The after repair value of the property in question was $80,000. Sherman Bridge Lending provided me with a loan to the extent of 60% of the after repair value. The loan amounted to $48,000.

The purchase value of the property was $ 45,000and repairs were estimated at $10,000. The actual repairs worked out to $9,500. By shelling only $6,500 from my personal finances, I made a great investment in the foreclosed property. The property sold at an attractive $78,000. I made a sound profit of $23,500 from foreclosure investing. I paid the interest amount and still made an attractive profit. Thanks to Sherman Bridge Lending, that I made an attractive profit in this deal. What’s more, my personal investment was just peanuts! 

 Their services, loan processing speed and so forth are one of its kinds. If you too are looking for a bridge loan in Texas, I strongly recommend the experienced and expert hard money lender, Sherman Bridge Lending. You are bound to write a success story henceforth.

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