Many real estate investors turn to private real estate financing to pay for a new home, or remodel or refinance one they already have. Hayden private mortgage loans have many advantages — they are fast closing, easy qualifying and additionally, are available to self-employed applicants.

That's great for investors considering that somebody with poor credit can apply for private money for a real estate loan as long as he has a promising project, he has plenty of money for a downpayment, he has proven himself competent in past real estate projects, and he can show a plan for an exit strategy. Additionally, Hayden private real estate mortgages close fast to grant you financing without delay, helping you close within weeks.

Most real estate professionals turn to Hayden private mortgage lenders when:

1. They want to renovate or fix up the house so that they can sell it at a much higher price point or to charge higher rents.

   As an example, a past investor had a duplex. He had already built up adequate equity in the building and the monthly rent checks was a recurring revenue stream. He sought to complete some renovation to the units to be able to maintain high rents, but a below average credit score of 520 meant that a bank would undoubtedly turn down the loan application. Accordingly, he turned to Read Rock Capital for a cash-out refinance and obtained financing at 65% LTV.

2. They need to consolidate financial debts.

   Countless outstanding debts with varying rates can be quite overwhelming and tough to keep track of. This is why numerous people make the decision to take advantage of the equity in their residence to consolidate each of their outstanding debts into only one mortgage which has a single payment per month.

3. They wish to allocate the existing equity in one house and invest in another one.

   One of Island View's customers in Hawaii owned a property worth $1M. His plans to sell the house did not happen and he eventually was forced to be content with leasing the place to someone, with an option to purchase it at a later time. The revenue that stemmed from the rent paid for his continuing mortgage payment, home owner's insurance, and taxes. Additionally, he was given a $200,000 non-refundable down payment for the 3 year agreement. These sureties meant that he no longer needed to concern himself with the home's ongoing expenses, and so when a new real estate opportunity showed up, he came to Read Rock Capital and received a private mortgage loan at 70% loan to value. This allowed him to make the deposit for his next property, and at the same time pay down his existing mortgage.

4. They need assistance to meet the balloon payment for the existing mortgage.

   If an unanticipated mishap hinders someone from making his balloon payment due date, he can contact a different mortgage company to refinance. Refinancing before the term date enables the borrower to meet the due date for the balloon payment and avoid fees and penalties related to failing to pay the balloon payment.

Want to discuss financing programs with a private mortgage lender in Hayden? Submit the form on this page or give us a call to talk about the property or properties you have in mind.