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John Pirro Sr. Phone: 909-784-2476
John Pirro Sr. is a licensed mortgage loan Officer in the state of California, a Veteran real estate investor, and he is licensed with the NMLS (Nationwide Mortgage Licensing System). When he’s not writing articles, John can currently be found managing several websites pertaining to auto insurance.

With over 30 years experience in the real estate industry, this Brooklyn native is proud to relay his knowledge and know-how to those seeking information about the financing world. His ability to combine humor with fact, entertainment with insight, and that New York accent with the professional world makes him a perfect candidate to relay articles, answers, and news to readers.

John is hopeful that his writing will be better received and more successful than his favorite NFL team, the New York Jets.
Latest Articles from John Pirro Sr.  Email: jpirro@loans.org
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Jonathan Gracia, of Middletown, Conn., has pled guilty to one count of wire fraud stemming from an investment scheme that victimized several investors. Court documents and statements revealed that Gracia had falsely portrayed himself as a website and iPhone app developer. The FBI’s press release states that Gracia solicited investments and personal loans from investors to support his website and iPhone app businesses. In exchange for investments and personal loans, investors were told that...
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Crowdfunding is the practice of raising funds for a project from a group of people. It has become a very common method of financing thanks to a whole host of crowdfunding startups and media coverage. Aron Izower, Partner at Reed Smith, explained that unlike borrowing business loans, crowdfunding works by having entrepreneurs receive small amounts of financing from multiple individuals. Depending on the project, an entrepreneur may receive backing from a few dozen to hundreds of thousands of...
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Alternative A-paper, or Alt-A, is a type of mortgage loan classification. An Alt-A mortgage, also known as an A-minus mortgage, is between a prime mortgage and a subprime mortgage. A borrower with a clean credit history may be given an Alt-A mortgage if their loan-to-value ratio or loan documentation are lacking in some way. Factors that determine an Alt-A mortgage Alt-A standards vary between bankers and lenders, but there are four general rules that will determine Alt-A qualification:...
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The SBA has announced a new initiative aimed at aiding veterans build successful businesses. The new Veteran Pledge Initiative will combine efforts by national, regional, and community lenders to collectively increase their lending activity to veterans by 5 percent each year in the coming five years. According to the SBA’s press release, veterans face challenges when raising capital and getting business loans. The SBA expects that the Initiative will help 2,000 veterans obtain business loans...
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A new startup business loan program has been launched in Maryland. Qualified businesses can receive part of a $3.3 million business loan fund that casino revenue provided for. The goal of the program is to stimulate job growth and develop Maryland into a center of technological innovation. Applicants will be approved or rejected by the Chesapeake Innovation Center while the Anne Arundel Economic Development Corporation will manage the $3.3 million fund. Half of the loans will be made...
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Small businesses in New York can now take advantage of crowdfunded business loans. By offering commercial loans to local businesses, individual lenders will be able to support enterprises in their community; perhaps the very same stores and restaurants they frequent. Now, individual lenders can go to Funding Community, a localized crowdfunder that offers more than just financing to local businesses in the state of New York. Alex Binkley, CEO of Funding Community, told loans.org that Funding...

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