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Hard Money Lenders All Locations : Nationwide Real Estate Advice

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Showing results for Hard Money Lenders [Clear search]
Tue Mar 12, 2013
Matt Laricy answered:
I think if you don't mind paying PMI there is nothing wrong with putting less down. I would try to do 10% though so you don't have to deal with a full condo review.
0 votes 14 answers Share Flag
Fri Oct 14, 2016
Joe Bertera answered:
I think most real estate brokers charge a buyer compliance fee, the fee is usually around $300. My brokerage charges only $150 fee which is more reasonable then $400. That fee is paid at closing, nothing upfront.

Joe Bertera
Remerica Hometown One
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0 votes 22 answers Share Flag
Fri Aug 15, 2014
For a true new construction mortgage, there are currently very few lenders even offering those. Of those who are, everyone that I have heard of requires at least 20%+ down.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Don Groff answered:
Did you mean a down payment? If so no it will not make a difference. Even 50% will not make a difference. Maybe you could go owner financing but that has a lot of potential issues you really need to educate yourself and consult a real estate attorney to ensure your rights are fully protected.

I would recommend finding a lender who will work with you so you can get your credit where it needs to be. You need to fully understand where your credit is and ensure you are doing everything you can to make sure your scores are going up each and every month. Be weary of credit repair companies as I have been in the business over 10 years now and have not found one I would recommend to my clients. You can do everything you need to do yourself and working with a lender who will take the time to work with you.

Hope this helps.

Don Groff
REALTOR® & Mortgage Broker
Austin Real Estate Pros | 360 Lending Group
o 512.669.5599 m 512.633.4157
websites: |
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0 votes 4 answers Share Flag
Sun Mar 10, 2013
Josh Barnett answered:
The seller is asking the lender to take less than the seller first agreed to pay for the home loan. Being patient is what you need when buyer a short sale and the expectation of not being able to close on the home, even on the day of closing. ... more
0 votes 5 answers Share Flag
Sun Mar 17, 2013
Nadine Mauro answered:

Have you considered getting a mortgage on your property in Panama, and then using the cash to purchase the house you want in Port St. Lucie.

If I can be of further service please contact me directly.

Nadine Mauro
Highlight Realty
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0 votes 15 answers Share Flag
Thu Apr 25, 2013
Thamara Pichardo answered:
It is recommended to deposit that cashier check en your bank account and give statement as proof of funds
0 votes 12 answers Share Flag
Fri Apr 5, 2013
Laurie Fisher answered:
In the long range, these will strength the market- the market is definitely improving in the Richmond area & the surrounding counties. We have to think long range.
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place. I hope this does not happen, it will destroy the progress we have made. ... more
0 votes 2 answers Share Flag
Mon Mar 25, 2013
Abby Nelson answered:
I am glad to see you are asking lots of questions. I would ask the lender first and foremost if his/her company actually funds the loan. Lots of times I have seen brokers get to closing and then we are waiting and waiting to close. All they have to say is it is out of their hands. There are several types of loan products out there. I only know of one company in Charlotte who really knows how to do a FHA 203k loan. I would get prequalified based upon income and credit and then decide which product based upon the house. Give me a call or email me and lets talk more.

Abby Nelson
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0 votes 13 answers Share Flag
Mon Apr 1, 2013
Not all mortgages have a pre-payment penalty period attached to them.
You might want to refer back to the Note associated with your loan. If there is a pre-payment penaly is should included in the Note (or there should be a 1 page rider regarding that) ... more
0 votes 11 answers Share Flag
Thu Jul 16, 2015
Donald James answered:
Talk to your professional Realtor and / or mortgage professional. With rehab loans it is very important to deal with professionals who have done many of these. Call me if you have any questions. ... more
0 votes 15 answers Share Flag
Sun Mar 17, 2013
Andrew Tisellano answered:

If you are making an offer to purchase, you do not need any proof to make the offer. once accepted the bank will require an appraisal. If you are buying cash then you should make sure you see the comparable sales from your realtor.

You should be working with a Realtor if you are buying. If it is in Passaic or any where in Northern Jersey contact me.

you need proof of funds or mortgage approval to make an offer if that is what you meant.
... more
0 votes 8 answers Share Flag
Sat Sep 17, 2016
Jamie Tian answered:
Hi Brian,

Congratulations on making the decision to purchase a home!

The first step is to get pre-qualified for a loan, unless you are an all cash buyer, then you can ignore the next few paragraphs.

If you are looking to get a loan, you can contact your local bank or any bank/mortgage broker to get a pre-approval letter for a loan. This will tell you what price range you can afford and shop for.

After getting pre-approved, you should contact a real estate agent to help you find a property that fits your needs. You will need your pre-approval letter when you make an offer to prove to the seller that you can qualify for a loan to purchase the home.

After your offer is accepted, you can shop around with different banks and mortgage companies to find the best rate.

Feel free to contact me anytime with any questions or concerns at (310) 717-1321 or Once you are ready to start searching, I would be happy to provide you with a list of available homes and set up appointments to view any properties you are interested in.


Jamie Tian
Rodeo Realty
(310) 717-1321
DRE #01920120
... more
0 votes 23 answers Share Flag
Sun Mar 24, 2013
Sarah Moore answered:
Good afternoon and thank you for your post. My lender will be getting with you to go over different scenario's. In the meantime what area are you looking at, how many bedrooms do you need, square footage etc. Thank you for your reply. ... more
0 votes 22 answers Share Flag
Wed Mar 20, 2013
Jennifer Zucco answered:
The only other way is cash. Sometimes if homes have too much damage foreclosure or not it doesn't matter banks will not approve the loan. Are you interested in foreclosures? There are homes available that do not need much work.
You can contact me if you need further info.
Jennifer Zucco
... more
0 votes 7 answers Share Flag
Wed Apr 17, 2013
Debra (Debbie) Rose answered:
it's simple really - instead of stressing out over all those questions you have ...........just find and work with a local agent........he or she can get you all the answers you need.
0 votes 8 answers Share Flag
Sat Mar 23, 2013
Donald Mituzas answered:
The buyer can ask for reports or do their own termite inspection as well as any other type of inspections. Problem is, if you find something the bank probably won't do much about it. The exception may be an active termite problem which they may treat, but not repair any damage. One of the biggest problems with bank owned properties is there may be issues that preclude you from getting a conventional mortgage or sometimes a mortgage at all. Best deals seem to go to cash buyers.

Don Mituzas
Licensed Associate Broker
Douglas Elliman Real Estate
... more
0 votes 17 answers Share Flag
Thu Mar 23, 2017
Chase Lenz answered:
Fri Mar 22, 2013
Stephen McRory answered:
There are options.

After reviewing programs below, please email me at

1) 100% LTV- VA - pay off debt at closing on a purchases too!
2) 100% LTV- USDA - 12 mo. into Chapter 13 BK…OK Too!
3) 99% LTV- FHA
4) 97% LTV- NEW- No PMI -No FHA 1.75% MIP Fee!
5) 95% LTV- NEW-No PMI!
6) 95% LTV- NEW-CONDO Loan
7) 90% LTV- NEW-No PMI -2nd Home
8) 90% LTV- New-Jumbo w/cc
9) 85% LTV- NEW- No PMI to Super Jumbo
10) 80% LTV- Rental Property

------------STATED INCOME ALT Loan programs-------------
11) 80% LTV- to Super Jumbo
12) 80% LTV- FIX n’ FLIP Invest. Prop. – No min. credit!
13) 75% LTV-to Mega Jumbo
14) 75% LTV- Foreign Nationals-to Super Jumbo
15) 75% CLTV-after Short Sale, BK, Foreclosure to Super Jumbo
16) 70% LTV- Hard Money to Jumbo
17) Lot Loans / Land Loans Too!

Go to: WWW.PRO-OPTION-COM or call 888-662-4404

Steve McRory
Pro Option Mortgage/ Florida
Ph: 888 662 4404

Prior Service U.S. Marine Corps
... more
0 votes 6 answers Share Flag
Mon Jan 27, 2014
Paul Drury answered:
Your best bet is to find a hard money lender that is not a banker. These folks often loan money on much more flexible terms for a little higher interest rate.
0 votes 10 answers Share Flag
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