
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 Lender Bowie Benefits:
* Up To 90% of Purchase Price
* 100% of the Rehab Provided
* Interest Only
* Close in as fast as 5 Days!
* Fix and Flip Loan Bowie
* Multifamily Loan Bowie
* Commercial Real Estate Loans
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Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Hard Money Loan Bowie Application
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.
*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!
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.
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.
About Bowie, MD – Bowie is in Prince George’s County and is one of the best places to live in Maryland. Living in Bowie offers residents a sparse suburban feel and most residents own their homes. In Bowie there are a lot of parks. Many young professionals live in Bowie and residents tend to be liberal. Bowie is a city in Prince George’s County, Maryland, United States. The population was 54,727 at the 2010 U.S. Census. Bowie has grown from a small railroad stop to the largest municipality in Prince George’s County, and the fifth most populous city and third largest city by area in the U.S. state of Maryland.
Hard money Loan Bowie Maryland – We provide a Fast Close for Investment Properties and Commercial Real Estate. Fix and Flip, Fix to Rent, Multifamily, Commercial real estate. Purchase, Refinance and Cash out Refinance programs available. Hard money Loan programs can finance up to 90% of the acquisition on fix To flip/Fix to rent and 85% of multifamily acquisition and can provide 100% of the construction costs. For all of your hard money needs contact us today!
CambridgeHomeLoan.com is #1 hard money loan lender in Bowie 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 Bowie Maryland real estate market.
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