We feel that every borrower should have the opportunity to receive the financing they need to purchase residential or commercial property.
If you have been turned away by the big banks because of your credit score or income level, you can apply for a private money loan through The Best Home Loans.
A private money loan is also called a “hard money loan,” or a “non-prime loan.” The loan is secured to collateral in the form of the property you are buying. This reduces the risk of the loan for the lender, which means that you do not need perfect credit to qualify.
You may want to consider applying for a private money loan if you are in any of the following circumstances:
Your credit score and/or income level do not qualify you for a prime loan.
You want to improve your credit score by taking out a private money loan and making timely payments.
You operate a business which cannot claim income, and therefore is unable to obtain a conventional loan.
You are looking for fast approval on a loan so that you can invest in real estate (to fix and flip, for example).
There may be other situations where a private money loan also makes sense. If the benefits listed below seem like they could be advantageous to you, a private money loan may be a good fit for you.
Looser qualification requirements make it easier to receive a private money loan offer.
With these looser requirements comes a much faster application process. Those who need to close fast sometimes choose private money loans even if they could qualify for conventional loans.
Another upside of hard money loans is that there are usually no penalties for paying them off early. This makes them suitable for a wide range of short-term financing needs.
If fast, easy financing is what you need, apply now for a hard money loan with The Best Home Loans. To schedule your consultation, please call (800) 293-2133. We look forward to qualifying you for a competitive private money loan. Whether you are in California, Texas, Illinois, New York, Florida, or any of the 50 states, we can get you the financing you need.
The Best Home Loans is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.