
You Can Buy a Home in 2020 with These Low Income Mortgage Programs
Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
Hard Money Loan Benedict Maryland Benefits
* Up To 90% of Purchase Price
* 100% of the Rehab Provided
* Close in as fast as 5 Days!
* Fix and Flip Loan, Multifamily Loans
* Commercial Real Estate Loans
APPLY NOW!
Hard Money Loan Benedict Maryland
Hard Money Loan Benedict Maryland
Ground Up Construction Loans
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings as fast as 5 days and refinancing into better rates (30 year terms) when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
We lend in all 50 states!
DOCUMENTS REQUIRED TO CLOSE
*Up To 80% LTV
* Cash Out Refinance
* 15-30 Day Close!
* No Income Required
* No Employment Required
*Up to 90% of the Purchase
*100% of the Rehab.
* Closing as fast as 5 days!
* Fix to Flip or Fix to Refi .
* 30 or 40year DSCR loan
* Cash-out & Refinance
*30 or 40 year loan..
* Closing 30 days!
* Up To 80% LTV
*Ground Up Construction
Up To 80% Of Land
* 100% of Construction
* Builders and Developers!
NOW LENDING NATIONWIDE!
We are serving all of Benedict zip codes including 20612 all of Maryland and 47 other US states. Being the best Hard Money Loan Lender in Maryland and now Nationwide!!
CambridgeHomeLoan.com is #1 hard money loan lender in Benedict Maryland. We have gained our reputation as the fastest hard money loan lender in multifamily loans and bridge lending because we know how critical each day is in the competitive Benedict Maryland real estate market. We are serving all of Benedict zip codes including 20612 all of Maryland and 47 other US states.
For more information on Hard Money Loans, Click Here. To Submit your scenario for a Free Quote see below:
Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
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In addition to the blog you can find more information on hard money loans Click Here!
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Hard Money Loan Application
A hard money loan is a loan from a private or non-traditional lender. The asset being purchased is used as the collateral for the loan, reducing risk for both the borrower and lender.
Hard money loans are used for quick turnarounds between the purchase and sale of a property. They can also be used for quick home financing until the buyer secures a traditional loan.
These loans are generally used in the real estate industry. Some investors buy homes in need of repairs, fix them up, and then sell them for a profit. This is known as flipping and can be hard to get financing for.
Other real estate investors might use hard money loans for commercial or rental properties if they can’t find conventional financing.
A hard money loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from individuals or investors who lend money based primarily on the property you’re using as collateral.
Traditional mortgage loans require proof that you can comfortably repay the debt. Lenders often review your credit scores and any income available to evaluate your creditworthiness. If you have plenty of income, savings, or can get another collateralized loan you might not need to worry.
However, the process becomes more challenging if you have a low credit score, an income source that is difficult to verify to your lender’s satisfaction, or a high debt-to-income ratio.
Hard money loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high.
Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.
CambridgeHomeLoan.com is #1 hard money loan lender in Benedict Maryland. We have gained our reputation as the fastest hard money loan lender in multifamily loans and bridge lending because we know how critical each day is in the competitive Benedict Maryland real estate market. We are serving all of Benedict zip codes including 20612 all of Maryland and 47 other US states.
About Benedict, MD – Benedict is an unincorporated town and census-designated place in Charles County, Maryland, United States, located on the Patuxent River in southern Maryland. As of the 2010 census, it had a population of 261. Benedict, Maryland is a small unincorporated town in Charles County, Maryland, located on the Patuxent River in Southern Maryland, USA.
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list. From your first investment real estate loan to putting together a portfolio loan for all of your investment properties, CambridgeHomeLoan.com is the resource that can help you from the very beginning of your investment career.
CambridgeHomeLoan.com can manage all of your real estate loans from ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget. Give us a call today with your project outline and we can give you the possibilities.
A hard money loan is a loan given to your borrower from a lender based primarily on the worth of the collateralized asset that is underlying. Where asset based lenders aka hard money lenders focus primarily on the value of the asset used as collateral for the loan, traditional banks and lenders focus chiefly on the credit and income of the borrower. Where traditional loans are generally for 15–20 year durations, hard money loans are used as a temporary alternative (1–3 years usually) as a bridge to acquire a rehab, or stabilize a commercial, retail, office, industrial, multi–family, or single family residential home.
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General Information on Private Mortgage Insurance PMI, or private mortgage insurance, is an insurance policy that home buyers are required to purchase if their down
The Debt Service Coverage (DSCR Loan) can be used to purchase, refinance or for a cash out refinance of investment and commercial properties. DSCR is