Hard Money
Hard Money Program (non-owner occupied residential properties):
• Up to 70% LTV based on after-repair value
• 12% – 14% annual interest rate
• Low points
• No pre-payment penalty
• Up to 1 year to repay
• Interest only payments
• Quick closings (typically 7 to 10 days)
• Local title companies/appraisers allowed
• Non-owner occupied properties (investor properties only)
• Minimum 620 FICO (lower scores case-by-case)
• Appraisal and survey required
• We are direct lenders
• Brokers protected
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In order to effectively contribute to our economy's recovery, the government should implement business strategies based on basic economic fundamentals, by and large, allowing the free market to correct itself. Deploying artificial incentives and credits will only delay and potentially worsen the recovery. - Upfront Mortgage Modification Fees in Florida
Homeowners need to watch out for upfront Mortgage Modification Fees