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Why do they Call it "Hard Money", "Private Money" or "Equity Mortgages"? Mortgage approval is weighted mostly on the value and borrower’s "Equity" or the "Hard Asset" used as collateral with a lesser concern given to the borrower’s credit rating.
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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.
Due to this higher risk involved on a hard money loan, the interest rates for a hard money loan will be higher than conventional loans. Interest rates for hard money loans range from 10 – 15% depending on the specific lender and the perceived risk of the loan. Points can range anywhere from 2 – 4% of the total amount loaned.
Loan Programs. With over 31 years of real estate & private hard money lending experience, we will close your loan fast with the most competitive interest rates and closing costs. We arrange both residential and commercial loans within the state of Florida
Welcome to the Official Site of Equity Wave Lending, we are a California direct private money lender offering hard money loans, trust deed.
If a borrower fails to repay a policy loan, the money is withdrawn from the insurance. However, as insurers usually can’t say how fast or how much cash value will increase, it’s hard to say when a.
Hard money loans are a mortgage alternative for borrowers who need fast investment capital, who only wish to hold onto a new property for a short period of time, or who cannot obtain a more conventional real estate loan. They are issued by private investors or corporations instead of by a bank, which allows greater flexibility in setting terms and assessing risk.
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