Hard money lenders CA

What is hard money?

Hard money is a real estate secured loan that is financed by private investors. If you want to purchase, refinance or remodel a real estate property you own and can not qualify with conventional banks, then you probably want to consider hard money.

How to qualify for a hard money loan?

Hard money lender want to make sure your property have equity and if it's an investment property, then in some cases they will want to see you have some income as well. While some hard money lenders will ask you to provide credit report, tax returns and bank statements, they really don't base their decision upon reviewing these documents.
Normally you need to show at least 65% loan to value ratio in order to qualify anywhere for a hard money loan. If you can provide that much equity then you have a good chance to qualify.

Here is an example:

Let's say you own a property valued at $400,000 and your mortgage is only $150,000, you are below 50% loan to value ratio. You have $250,000 equity in your property. Knowing you have so much equity, you want to refinance and cashout $50,000 to have some money to remodel your property and pay some debt. This is a perfect scenario to get a hard money loan fast and easy. Understand how equity plays a roll here to qualify?

What makes hard money very popular these days among real estate investors and homeowners?

While banks make it so difficult to qualify for any type of loan these days, real estate investors and homeowners must find another alternative to purchase real estate or refinance existing property. Hard money lenders are more flexible and have very simple term: Equity!

Here is some hard money type of loans we do:

We do both Residential and commercial hard money, owner occupied and non owner occupied, Refinance cashout hard money, purchase to flip, construction loans, debt consolidation and foreclosure bailout loans.

So now that we gave some information to the borrowers, we also wanted to give some information to the investors out there. We are always searching for new investors to become a part of our hard money group. If you are trying to use your money to make high return instead of leaving it in your saving account, then you should contact us and find out how you can earn 12% interest on your money.

If you need help with any of these situations then you should contact us right away on our website http://www.hardmoneyloans.org or call us @ 818-308-4443