fast cash short-term loan

Fast Cash services to get approval on the same day.

A cash advance is a loan that is intended for the fund receivers who need fast and easy access to the needed money. It’s generally availed to manage unforeseen expenses. This credit is given till your upcoming payday. If you have ever faced with a lack of money before the date you get your salary, you will realise the benefits of this kind of a credit.

Generally, the permission for a payday loan required only a few hours. As a rule, using an Internet, the borrower can use fast cash services like LENDUP or GLA to apply request for a loan approval on the same day. There are typical rules for obtaining a borrowing such as a stable work and providing certain bank details. The amount that you can take stands on your job circumstances and of course your personal needs. A cash advance loan might be at least $ 500.

Among the most important benefits of this type of a credit is that it doesn’t involve any verifications of credit standing. Actually, to get a credit you are required simply to give the information about your boss. This makes the procedure of getting a credit very simple and fast and you can obtain your funds promptly. You don’t have to waste your time waiting until your loan is accepted the way it typically occurs with certain other types of credits. This is extremely vital if you experience an emergent requirement in additional money. Expecting till the loan from large financial institutions is approved or till some people you know can provide with the money can be time-consuming and sometimes you simply don’t have opportunity to wait as certain problems need prompt solving.

So for unforeseen cases, a payday loan is nice option preventing you from waiting for receiving funds the way it often happens with other loans. A cash advance loan enables you to get the necessary cash immediately at pretty low rates. In fact, low interests of this kind of a credit is one more meaningful advantage of a cash advance loan. This is a inexpensive means of availing additional cash. The low interest rates can be explained by the fact that the credit is obtained for a short period of time – until your upcoming payment date. Usually, the rate of interest for this kind of a credit is a little percent of the borrowed funds that is approximately ten percent. If the loan is repaid exactly at a defined time you won’t be charged penalty costs, but if you are not able to pay down, you will be charged more.

A cash advance might be the only accessible source of funds, especially if you have bad credit history or nobody whom you know is able to lend the needed financial resources. These loans might be applied in emergent situations to solve your immediate money problems.

A Bridge Loan

A Bridge Loan

A bridging loan is a good choice if you need short term finance before a larger loan can be obtained from a lender. Bridging loans are also known as swing loans or caveat loans. They are obtained when bigger amount of a loan is temporary not available. A bridge loan is obtained for a short period of time from two weeks to three years.

The biggest advantage of this type of a loan is the speed and its getting. Suppose you need to pay cash down payment on your new house within a short period of time. In such situation you don’t have an opportunity to wait going through complicated paper work to get the cash. The bridge loan is the best solution for such situations.

Usual types of loans have strict rules that must be followed. Bridge loans can be obtained with little or no documentation. However, this might have risk because interest rates are quite high, beside additional costs. The additional charges and high interest rate make risk for the lenders. Lenders providing bread loans often ask for secured advance and a lower loan to value ratio as well. That’s why it’s recommended to think carefully before getting the bridge loan.

Interest rates for such loans are usually between 12 to 15% for 12 month term loans. For commercial properties to value ratio won’t be more than 65% while for residential properties it won’t be more than 80%, calculated on basis of assessed value of specified property.

These loans can be of open and closed types. An open bridge loan has no fixed term within which it must be paid back. This involves greater risk for the lender, because this type of loan will have a higher interest rate. However, a certain date is established since when regular payments towards paying back the loan must start. A closed bridge loan has a fixed period within which the loan must to be paid back. This type of loan has lower interest in comparison with the open bridge loans.

These kinds of loans have much in common with hard money as both are non-standard high risk loans that are applied for in times of financial crisis. Hard money loans refer to source of the loan which may be private individual, private company or an investment pool. Banks do not offer such loans. Bridging loans on the other hand refer to the duration of the loan.

loan deal

some loan deal examples

100% LTV 626 Mid-Score

I have a borrower with a 626 middle score that currently has a home for $175,000 that he is going to lease out because he is Moving across the state for his job. I have a complete package except appraisal which will be in on Friday. I need a lender who can close this loan next week. If I cant deliver this kind of speed, I will lose it to the local bank. Please help!

100% W/ Fast Close

I need help placing a loan for $320,000.00 at 100% LTV or an 80/20 program on a 592 mid-score. I have a full package BUT the big catch is that I MUST close no later than this friday, or I will lose the deal. Can anybody offer some assistance?

1.6 million dollar loan

Wonder if anyone has any ideas as to were I can place a 1.6 million dollar loan. Credit middle score is 571, no mtg lates, full doc. LTV would be approx. 65 to 70 pct. Debt consolidation, a little cash out if possible.

500.00 REWARD!!!

I am a Broker that is trying to close a loan with WMC DIRECT. This is my own loan…so of course they cannot do a “arms length” transaction…..I NEED HELP….I HAVE COMPLETE PACKAGE AT WMC DIRECT AND IT HAS BEEN APPROVED….To get this deal done I just need a Broker I can use to 1. fill out a broker package (they will rush it through), disclosures in your Co. name, and I will need to change the appraisal to your companies name!

75% ltv NOO in PA 45% dti with 5 other properties

These are truly credit card loans but this is a good referral source for me and I’d like to help her.
Property 5 is worth $30k and is a cash out.
Property 6 is a new purchase $20k sales price.
Property 7 is a new purchase $17k sales price.
All SFR with good appraisals I have full files and am ready to close but need someplace to put them. Oh and I cannot remove any of the free and clear properties from the 1003 because she needs the income. Please advise and any suggestions would be greatly appreciated.