Countless real estate investors use private real estate financing to buy a new property, or rehab or refinance an existing one. Contrary to bank loans, Douglasville private mortgage loans are fast closing, easy qualifying and obtainable by self-employed applicants.

Meaning that regardless of whether you have a good credit score, you still have a high probability of obtaining private money for a real estate loan if your project is regarded as profitable, you have ample money available for the down payment, you have shown yourself capable in the real estate market in the past, you have substantial equity contained in the home or you can show a clear-cut plan to pay back the loan. Furthermore, if you want a fast closing, you won't see any options better than Douglasville private real estate mortgages.

In general, people get in touch with a private mortgage lender in Douglasville when:

1. They want money to renovate a home and sell it at a much higher price point or to rent it out for more money.

   By way of example, we had a borrower who owned a 2-unit rental. He already retained a good deal of equity available in the house and the monthly rent brought in a steady revenue. He sought to complete some modifications to the place to help keep his rents high, but a low credit score of 520 meant that a bank would turn down the mortgage application. When he got in touch with Read Rock Capital for a mortgage, we were pleased to complete a cash-out refinance at 65% of the duplex's appraised value.

2. They would like to combine their debts.

   Many people find it stressful to make countless payments on a monthly basis. Because of this, some people opt to make the most of the equity in their property to merge their unsecured debts into a single mortgage which has a lone monthly payment.

3. They wish to allocate the existing equity in one property and use it to acquire a different one.

   One of our customers located in Hawaii had a home valued at $1M. When he failed to secure a buyer for the house, he entered into a lease-option-to-buy deal with an interested party. The lease payments made it possible to meet his current mortgage expenses, taxes and insurance. He also received a $200k non-refundable advance payment for the 3 year lease contract. Having these sureties to take care of the home's bills on a regular basis, he phoned Read Rock Capital for a seventy percent loan-to-value private mortgage loan to help with his next purchase of an investment property. This enabled him to pay an advance on the deposit for his next property, and also repay his current mortgage.

4. The balloon payment for their current private loan is owed soon and they can not pay it.

   A person who invests in real estate and currently has an existing private mortgage loan and is unable to pay for the balloon payment on account of a change of circumstances can apply for refinancing from a new lending company. A refinance can help him hit the cut-off date for the balloon payment and avoid penalty charges.

Looking for a private mortgage lender in Douglasville to help you afford your investment purchase? Submit the contact form on this page or give us a call and let's discuss the property you have in mind.