Are there hard money lenders/ private mortgage companies that finance owner occupied homes without requiring a co-signer?

Asked by Angela, Webster, MA Sun Aug 25, 2013

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Richard Shap…, , Framingham, MA
Mon Aug 26, 2013
I agree with Kevin that you need to provide more information. You have now started several threads regarding the same topic. what gives??
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Kevin Vitali, Agent, Tewksbury, MA
Mon Aug 26, 2013
Probably.... but you have not provided enough info. They are certainly going to want to preserve 30-50% equity in the property to fund such a loan.
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Richard Shap…, , Framingham, MA
Sun Aug 25, 2013
Yes but you would need at least 35-40% down. Terms are not the best but a hard money loan is a band aid that gets you into the property. You need an exit strategy to b out of the loan in 6-12 months.
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Hi are you suggesting I take the loan with a repayment period of 6-12 months. Secondly should I be lucky enough to get the money and buy the house I assume I can refinance in a year or two because the terms are not set in stone right?
Flag Sun Aug 25, 2013
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