Case Study: Strategic Private Money Loan for Property Renovation

Saxe Mortgage Company

Objective The borrower aimed to renovate several properties but did not want to disturb the favorable terms of his existing first mortgage, a low-interest 30-year fixed-rate loan. Challenge The primary challenge was to access significant funds for renovations while preserving the low interest rate on the existing mortgage and avoiding the cost implications of refinancing.…

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Case Study 4 1031 EXCHANGE

Saxe Mortgage Company

Objective A borrower needed to quickly purchase a new apartment building as part of a 1031 exchange after selling his commercial property. Challenge The borrower identified and made an offer on a new apartment building but faced delays in securing a conventional mortgage. To satisfy the 1031 exchange requirements, he needed to close the deal…

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Use A Hard Money Loan to Pay Your Taxes

Saxe Mortgage Company

April 30, 2021 Navigate this Tax Season with the Assistance of Hard Money Lenders Tax season is officially upon us! Due to the COVID-19 pandemic, the federal government has extended the national filing deadline to May 17th. Unfortunately, if you owe the IRS money, you may not know where to turn. If you’re not able…

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What to Know About Bad Credit Loans

Saxe Mortgage Company

Aug 15, 2023 Are You Considering a Bad Credit Loan? Bad credit loans are personal loans for individuals whose credit scores are too low to receive a loan from a traditional financial institution. Prospective borrowers generally use these loans to cover financial emergencies such as medical bills, job loss, car repairs, and other problems. Bad…

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How Much is Needed for a Mortgage Down Payment?

Saxe Mortgage Company

Oct 18, 2023 Down Payments Explained Very few people have the cash in the bank to be able to purchase a house outright. Homes cost hundreds of thousands of dollars, typically, to buy. It is difficult for any one person to have that kind of cash. That is why mortgages exist. You get a loan…

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