The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
Commercial Real Estate Hard Money Loan Mount Dora.
Great Rates! Fast Close!
Hard Money Loan Application
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 one to 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. For instance, the average interest rate for hard money loans in 2020 was 11.25%
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 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.
Mount Dora is a city in Lake County, Florida, US. As of the 2010 census it had a population of 12,370, and in 2019 the population was estimated to be 14,516. It is part of the Orlando-Kissimmee, FL, Metropolitan Statistical Area. Founded in 1880, Mount Dora is known for its small-town southern charm. It has many antique shops in the downtown area. The downtown area overlooks Lake Dora. Mount Dora is home to one of three freshwater lighthouses in Florida. It hosts many monthly festivals and is known as the “Festival City”.
Mount Dora is located near Florida’s geographic center just northwest of Orlando, and it’s particularly well-known for its abundant lakes, small-town charm, and the many festivals it hosts annually.
Founded more than 140 years ago, at the time of the last census, Mount Dora had a population of about 12,500 residents.
Mount Dora is equidistant between the state’s Atlantic and Gulf coasts, and is near to a variety of natural and historical attractions and theme parks that make it a perfect starting point for eager day-trippers.
Lighthouses, historic sites, and abundant natural splendor are a few more of Mount Dora’s claims to fame, so finding things to do while in town shouldn’t be a problem.
We are serving all of Mount Dora zip codes including 32756, 32757
Your Ultimate Roadmap: A Comprehensive Guide to Creating a Successful Business Plan Creating a successful business plan is essential for any entrepreneur or business owner.
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
Home With Rising Interest Rates, Investors Turn To the Bridge Loan in Colorado The real estate market in Colorado has been a hotbed of activity
Why Should I Refinance My Mortgage? There are many reasons you might want to consider refinancing your home. However, when we look at these types
Home Why Investing in Orlando Real Estate is a Smart Move in 2023 Investing in real estate is a major financial decision that can yield
Why Tampa, Florida? Why is Tampa Florida a good place for VA Loans? Unless you have been completely unaware of the real estate market over