Private real estate financing can help investors purchase, remodel or refinance a home utilizing a short-term mortgage loan from a private business or an individual. As opposed to bank loans, Easton private mortgage loans close fast, are easy to qualify for and open to self-employed applicants.

That's why, even if you have lousy credit, having a promising real estate opportunity, a substantial down payment, past experience, and a well-defined exit strategy are far more relevant in terms of being qualified for private money for a real estate loan. Besides, if you need a fast closing, you won't find any options better than Easton private real estate mortgages.

Most often, clients pay a visit to Easton private mortgage lenders to finance their real estate activities when:

1. They're in search of capital to remodel a home and put it up for sale at a much higher price or to up the lease amount for tenants.

   Real example: one of our borrowers owned a two-unit rental property. He already had a significant amount of equity available in the building and the rent brought in a steady cash flow. He wanted to do some improvements to the place in order to keep his rents high, but a lower credit score of 520 meant a bank would undoubtedly turn down his loan application. So he came to Read Rock Capital to do a cash-out refinance and acquired financing at 65% LTV.

2. They want to combine their outstanding debts into one loan.

   A lot of people know how stressful it is to take care of multiple payments on a monthly basis. To arrange a more reasonable situation, people combine their financial debts into one single mortgage loan with only one monthly payment.

3. They want to use the existing equity available in an existing home and property to work on another real estate investment.

   As one example, a customer located in Hawaii owned a home appraised at $1.2M. When he failed to secure a buyer for the house, he signed a lease-option-to-buy arrangement with somebody. The rental agreement income served to meet his current mortgage, taxes and homeowner's insurance. The renter also agreed to pay him $200,000 in the form of a down payment for a 3 year lease agreement. Having these sureties to handle the home's expenses on a recurring basis, he called Read Rock Capital to get a seventy percent LTV private mortgage loan to help with his upcoming real estate investment. The borrowed funds helped him put enough money towards his next investment property and in addition, deal with his original mortgage.

4. They have an existing private loan and cannot pay the looming balloon payment.

   If an unexpected mishap stops a person from making his balloon payment due date, he could find an alternative mortgage lender to refinance. A cash-out refinance will help you pay the balloon payment and evade consequences.

Are you searching for a private mortgage lender in Easton to finance your real estate investment? Fill out the form on this page or give us a call to talk about your project.