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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601

Waterbury Connecticut Hard Money Loans

Hard lender are no longer afraid to lend and at http://www.lendinguniverse.com hard money brokers double and triple their lead purchases that are under 70% LTV. Market prices of homes in Waterbury Connecticut hovering at lows of about $139,900 Properties ranging $251,820 and more are experiencing slight reduction  in prices.

 

Last year would stay away from mortgage leads higher than about 55% LTV on most real estate (and 30% LTV on land) but now that the fear is gone and being more optimistic that stability of prices will pervade in local markets. Consumer loans are not favorable by hard money investors because of numerous  consumer protection legal rules which make it  hard to invest by exposing the investors to future legal challenge by the borrower. 

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