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Posted almost 10 years ago

How to Rescue Yours or Your Client's Loan or Refinance.

Saving the bacon for agents, conventional lenders and their clients on multiple transactions every year is what Private or Hard Money Lending is all about. 

The fact is, people still want to buy a home despite being self-employed or even with tarnished profiles and people still look to refinance their homes to buy another property, do home improvements, get extra cash for debt consolidation, etc.

Alternative loan programs, know as Hard Money loans, are the only option out there if a Buyer or Borrower has been turned down by their favorite bank or savings & loans, mortgage broker or mortgage banker. Or all of the above!

Bridge loan programs have become more prevalent in this current lower-inventory market. This type of creative financing offered is a short-term loan which gets paid off with longer-term financing down the line or from a sale of a property. It basically “bridges” a Borrower from one point to the next. Many Agents and Sellers have come to us, successfully getting Bridge loans which enabled them to buy the house they wanted, while their earlier house was being sold.

If turned down elsewhere, try Hard Money if you or your client has a decent down payment or other equity to work with.


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