Home Buying in 78702>Question Details

Neith, Home Buyer in 78702

I need a hard money lender to buy a house in east Austin, can someone help?

Asked by Neith, 78702 Tue Aug 4, 2009

I am interested in purchasing the house my family and I live in but I do not qualified for a mortgage loan with the banks because I am a business owner and my taxes showed a negative balance last year.
My credit is above 620. If someone can help me with a hard money loan this week please contact me as soon as possible.
Thanks

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Answers

2
Good Morning Neith,


I do not think the investor can lend you this kind of money, they are interested on
55 to 60 loan to value if you owned a property they will give it to you. With the
condition that the property should be appraised and HARD MONEY is hard to
a get a loan and with high interest rates too.
0 votes Thank Flag Link Sun Oct 25, 2009
Email me at FHAInspections@austin.rr.com.
0 votes Thank Flag Link Tue Aug 4, 2009
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