Generally it is difficult for investors and wholesellers to get short-term loans quickly. This can be critical if a great potential deal is on the short term horizon. A lot of these short term loans are with unscrupolous lenders with super high interest rates and bad terms. Potentially, a transaction funding is a better choice in most cases for financing real estate transactions and other investment opportunities. Let us take an educated look at this as an option.

What is Transactional Funding

Transactional Funding is also known as "same day funing" or "flash funding". This is a specialized financial procedure which investors get very short term loans to complete transactions. These short term loans are paid back extremely quickly. In most cases these loans are paid back within a day or week time frame. The loans are paid back with profits from purchase of the property. These alternative forms of financing, investors and wholesellers are used to buy and sell high profit properties without risking their own savings.

Mortgage rates hit 6%, first time since 2008 housing crash

WASHINGTON — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market.

Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week. The long-term average rate has more than doubled since a year ago and is the highest it's been since November of 2008, just after the housing market collapse triggered the Great Recession. One year ago, the rate stood at 2.86%.