HARDMONEYLOOP.COM Hard Money Loop  offers the following solutions: Private lenders on residential and commercial, Purchased  REO,   Cash out regardless of credit, loans in bankruptcy, Short sale financing, non owner occupied, owner occupied . Get  multiple offers from 6 or more hard money investors   Reduce your monthly payments by educing your interest rate to as low as 2% fix. No up front fees. Get experience lending professionals to prepare and negotiate the best modification without paying any advance up front fee. Or get the tools to do it by yourself Purchase or Refi . Owner occupied or non owner occupied. Low rates  FHA loans or Jumbo use the largest database of lenders at lendinguniverse.com competing for any residential or commercial loans   Slash your mortgage monthly payment by 50% or more Loan Modification Expert may cut your monthly payments in half.  Absolutely No Advance Fee of any Kind   You will be charge only $1,500 upon successful completion of the modification process. Loan Modification to find out if you are qualified

For instant help in California call  24/7  818 430-2606  Get 6 or more offers from qualified hard money lenders call now for instant quote 818 430-2606 or complete this short form below form to be connected with the largest database of Hard money lenders.

Hard money? Loan Modification? or Conventional?

Use the table below to determine what best for you

(Applies for residential properties only. For commercial and land click here)

	Can you verify your income and savings?	Do you must have cash out?	Do you have Hardship? (Include lost of income bad credit etc.)	Do you have Equity or Down payment)	Solution
Purchase	Yes	N/A	No	At least 5%	Conventional
	No	N/A	N/A	At least 35%	Hard money
	No	N/A	No	At least 5%	1. Find co- borrower whose income can be verified and try for conventional loan 2. Find co- borrower who has at least 30% cash down payment and you can get get hard money loan
Refi	Yes	No	No	0-20%	Conventional
	Yes	Yes	No	At least 20%	Conventional
	Yes	No	YES	N/A	Modification
	Not sure	No	?	N/A
	Yes	Yes	YES	At least 35%	Hard Money
	No	Yes	Yes/No	At least 35%

 

What Is A Hard Money Loan?

A hard money lending is a specific type of real estate asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

Many hard money mortgages are made by private investors, generally in their local areas. Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the maximum loan to value ratio is 65–70%. That is, if the property is worth $100,000, the lender would advance $65,000–70,000 against it. This low LTV provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property. more