Phoenix, AZ – June 14, 2019 – Prime Plus Mortgages, the top hard money lender for real estate investors in Arizona, is expanding its services to the following cities: Sun City, Maricopa, Fountain.
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many in the know say hard money lenders are making up a bulk of the financing, according to Bloomberg. Glen Weinberg of Colorado-based Fairview Commercial Lending told Bloomberg that his company will.
Quickly Determine Accurate Hard Money Numbers for Your Deal Easily figure your total estimated costs, Loan-to-Value ratio and estimated cash needed by replacing the first six example values in the form below. If needed refer to the Hard Money Glossary for definitions used in the hard money loan calculator.
Here are a few options for refinancing a hard money loan. 1. Fixed Mortgage. If the hard money loan was taken so that you could purchase or retain a property, you might want to consider getting a fixed mortgage instead. Many people get hard money loans when they are close to foreclosure on their existing home.
When Can You Refinance Your Home Loan Do You Have Enough Home Equity to Refinance? – However, you can use a home equity loan to refinance your first mortgage, a current home equity loan, or a home equity line of credit. For the group of homeowners who have built up equity, refinancing with a home equity loan could make sense in higher rate environments.
Dig into your deal financials with ABL’s house flipping calculator for real estate investors leveraging hard money loans.. The success of your investment project starts with knowing your numbers. ABL’s fix and flip hard money loan calculator helps investors develop a high-level understanding of the financial involved in their project, so they can plan and execute accordingly.
RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
Hard money loans are generally easier to get than traditional mortgage loans, but in most instances, the mortgage rates are much higher. In the past, you easily could pay a 14% interest rate on a hard money loan with bad credit.
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