The hard money lender loans money based upon the value of the property that secures the loan.. private mortgage lenders offer purchase money, refinance and home-equity loans with bad credit.. Lenders for regular mortgages go through your income and credit scores and other. Guide to Mortgage Calculators
What is a Hard Money Mortgage Loan? A Hard Money loan or Hard Equity loan is often used as temporary mortgage loan, therefor the term of the loan is short (around two to five years) and it is most often interest only. It is an explicit type of financing in which a borrower receives funds based primarily on the equity value of the home.
When there is a need for a home loan homeowners and investors alike are being turned down in droves. A hard money loan can be the solution for both short and long borrowing needs. Hard money rates are lower than ever with our Florida mortgage company. Real estate prices are also much lower here.
CoreLogic said Home Mortgage Disclosure Act (HMDA) data for 2015 show collateral issuers were the reason behind 13.7 percent of the 450,000 first-lien purchase mortgage applications that failed.
The Associates Home Loan of Florida specializes in mortgages, refi, hard money, hard money owner occupied and more.. A Mortgage Brokerage Firm & Hard Money Lender Different Than the Rest .. A Hard Equity/Hard Money loan is a specific type of financing in which a borrower receives funds.
Commercial and residential investors searching for the right loan can now. consultation offered by hard money lender.
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"I started working with M&M Private lending Group, LLC around 10 months ago. They are easy to work with, are funded, close fast and deliver on the statements they make to brokers and borrowers. If you are mortgage originator and need hard equity (private lending) in South Florida. I highly recommend using M&M Private Lending Group, LLC."
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