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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • How to get hard money loans in Fairfield County Connecticut

    Posted Under: Financing in Fairfield County  |  August 14, 2010 1:35 AM  |  699 views  |  No comments

    Our economy creates a very desirable playing field for hard money lenders to invest again and that why on http://www.lendinguniverse.com where commercial lenders are again purchasing leads with 60% LTV. The latest real estate properties in Fairfield County Connecticut very much at 6 years low of $638,000 Homes ranging $1,148,400 or higher are still moving down in some areas .

     

    At beginning of 2010 the most they will go was 55% LTV on most real estate (and 30% LTV on land) and today with more optimistic view of the future of real estate evidence by  prices stabilizing and no longer diving here.. Owner occupied properties that are not securing business related loans are not welcomed by private hard brokers because of regulations that make it difficult to verify ability to pay by the consumer and thus almost impossible to lend and put the investors in great risk regardless of their equity position. 

 
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