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2 result(s) displayed (1 - 2):

October 16, 2010

Virgin Money

Virgin Money is part of the Virgin-empire created by Sir Richard Branson whose entrepreneurial spirit has created 360 companies during his lifetime. Virgin Money offers a unique 'social loans' program where friends and family can fund personal loans.

Virgin Money is not a bank, but does offer personal financial products including credit cards. In January 2010, Branson purchased Church House Trust, a small private bank, which will eventually allow Virgin Money to offer real estate mortgages and personal checking and savings accounts.

Real Estate Investing article on "Virgin Money "

March 31, 2009

Private Money

Private money refers to loans obtained from individuals, investors or funding groups. With the current credit crisis, many real estate investors and home buyers are obtaining funding from private resources instead of traditional lenders. Private money loans can be used to purchase real estate, businesses, automobiles, farm equipment, investment properties and anything else a borrower would normally finance through a bank.

Private money loans are an excellent option for people with blemished credit. Lenders have placed tight constraints on lending practices, making it increasingly difficult for anyone to obtain a mortgage loan or business financing. For individuals with a low credit score, the chance of obtaining bank approval is next to none

Real Estate Investing article on "Private Money"