Private Real Estate Mortgages in Schofield Barracks

Countless real estate investors depend on private real estate financing to buy a new property or home, or update or refinance one they already own. As opposed to loans from banks, Schofield Barracks private mortgage loans are fast closing, have minimal eligibility requirements and obtainable by self-employed individuals.

Meaning that irrespective of the quality of your credit score, you still have a high probability of qualifying for private money for a real estate loan assuming that your undertaking is regarded as profitable, you have ample money to set aside for the downpayment, you have shown yourself able in earlier real estate ventures, you have substantial equity in the property or you have an intelligible plan to take care of the loan. Combined with fast closings of only 14 days, private real estate mortgages in Schofield Barracks may very well be the perfect choice for serious real estate investors.

Normally, clients approach a private mortgage lender in Schofield Barracks when:

  1. A remodeling job or update will make it possible to market their property for a much higher price or get extra rent.

    By way of example, there was a borrower who owned a two-family rental. He had already built considerable equity available in the house and the rent was a regular source of income. He sought to complete some modifications to the property so that he could maintain high rents, but a lower credit score of 520 meant that a bank would doubtless turn down his loan request. So he came to Read Rock Capital to get a cash-out refinance and received a loan at 65% LTV.

  2. They need to combine all their unsecured debts into one loan.

    Countless outstanding debts with a range of lending rates can be very overwhelming and challenging to keep track of. In order to arrange a more manageable situation, people consolidate all of their debts into an individual mortgage loan with only one monthly payment.

  3. They wish to utilize the existing equity within an existing house to do another real estate investment.

    For instance, one of our past borrowers in Hawaii had a property appraised above a million bucks. When he failed to procure a buyer for his property, he inked a lease-option-to-buy contract with an interested party. The money that came from the rent took care of his ongoing mortgage payment, home owner's insurance, and taxes. The person furthermore consented to pay him 200k in the form of a downpayment for a three year lease. Having this collateral to cover the home's foreseeable expenses, he discovered a new investment opportunity and approached Read Rock Capital for a private mortgage loan close to 70% of the property's estimated value. This enabled him to make the deposit for his next investment, and furthermore helped with his current mortgage.

  4. They want assistance to meet the balloon payment for the existing loan.

    A real estate investor who currently has an existing private mortgage loan and isn't able to afford the balloon payment thanks to a change of circumstances can apply for refinancing from another lending company. A refinance will help the borrower hit the due date for the balloon payment and prevent any consequences.

Hoping to connect with a private mortgage lender in Schofield Barracks to go over funding programs for your next investment? Submit the contact form or get in touch with us via phone and let's talk about the project you have in mind.

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Investment property loans only please, no primary residences at this time.