Aside from traditional financing, there is what is called hard money financing. However, nowadays, even hard money lenders are requiring a minimum credit score of about 620 to be able to qualify for owner-occupant property. And, with the high costs associated with hard money, it might not be recommendable for an owner occupant.
Thank goodness the Private Investor / Hard Money option is available!
Yes, the rates and costs are higher, but what do those who have walked away form their debt and promise to pay expect?
1. allows them to buy at these low prices
2. allows them to re-establish mortgage credit
3. allows then to take advantage of interest write off savings
Alternative? Become a Nomad Renter, moving every year, sitting on the sidelines and missing out on the best buying opportunity of a lifetime!
Neil G. Blair-Bennett
Highest and best regards,
Vincent Warren Paige, Jr.
REALTORÂ® | RE/MAX Showcase
Luxury Property Specialist
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073