Hard Money Financial specializes in equity-based first mortgages to investors. The qualifying process focuses on the equity in the property only. As opposed to personally qualifying the borrower. We analyze every deal on a case-by-case basis and approvals are based on the condition and location of the property and the investor’s particular needs.
Some Florida hard money lenders may not require the income verification that typical mortgage lenders require. As a result hard money Florida lenders experience higher default rates and, thus, charge a higher rate of interest to compensate for loses.
3CALoan is a mortgage broker, lender, bank providing loan lending and financing. Specialist in FHA, Zero down, stated income, Private hard money, conventional, conforming, alternative document, bank statement home loan for purchase, refinance and lending for investment, mixed use properties, commercial and business.
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If you hear someone talking about hard money loans, what do you start thinking about in that moment? You may assume that the hard money loans are provided by shady lenders looking to get the most from their clients by charging ridiculously high-interest rates that make it nearly impossible to pay the mortgage off on time.
Hard Money Loans. Hard money loans are made by lenders willing to accept greater risks than mainstream mortgage companies and banks. In exchange for providing loans to borrowers who would otherwise be turned down, hard money lenders charge higher interest rates. If you need a loan, and have bad credit or other problems,
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Interest rates of hard money loans are normally higher than bank rates. It can be two to six percent higher and in some cases even more. The overall notion is that if a borrower cannot obtain a bank loan it must be a risker proposition and an investor who is taking such risk should be compensated accordingly.
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Get direct hard money loans in Los Angeles, California or anywhere in the state for residential & commercial property purchases & refi’s. Interest rates starts at 7.99%. Call: 800-571-0887.