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Hard Money Lending & Private Mortgage Lending- How it Works

Private Hard Money Lending explained. The first in a series of short videos about hard money investing, borrowing and brokering from Trent ...

3 Things Married Women Need to Know About Their Money

As a financial adviser for nearly 20 years, I've met and consoled several women who were devastated by the loss of their husband or the end of their marriage. While the emotional impact of no longer having their lifelong mate is hard enough, their mental anguish is often exaggerated by fear of the financial unknown.

SEE ALSO: Why Couples Must Plan for Social Security as a Couple

My heart goes out to these women. I've found that the women who struggle the most initially haven't been involved in their family finances, and therefore don't know how much they have available to live on for the rest of their lives. Even if they know the amount -- which sometimes is in the millions of dollars -- they may lack the confidence to know whether it's enough.

While both men and women need to have their eyes wide open when it comes to their money, it's likely the woman will eventually be living on her own. According to a recent Gender Gap in Financial Literacy study, "the reality is that 90% of women will be solely responsible for their finances at some point in their lives due to the death of a spouse or divorce.

How to land a mortgage without a salary. For freelancers, a good home loan is hard to find.

“The main reason freelancers have trouble is that the mortgage industry is still operating (as if we’re) in a 1955 environment, where everybody has full-time jobs and works for a large company,” Steiner said, except now it’s 2018 and scores of people participate in the gig economy or work as contractors or freelancers.

One needn’t look far back to figure out the source of lenders’ hesitation about self-employed workers.

“During the go-go days of the housing boom” in the early 2000s, “lenders were not doing a good job of validating income,” says Greg McBride, senior vice president and chief financial analyst with Homebuyers “are now held under much tighter scrutiny — we don’t want to go back to the wild, Wild West again.”

Independent workers who have a spouse or significant other with a stable, sizable income may be able to buy a home based on their partner’s income alone, but the process gets trickier when couples need two incomes to qualify for a mortgage.