Private Real Estate Mortgages in Kaneohe

Private real estate financing gives assistance to investors who want to buy, renovate or refinance a property using a short-term mortgage loan from a private firm or an individual. Although conventional lending institutions like banks will require a lengthy, drawn out application process and are more than likely to think twice about loaning money to a self-employed customer, private mortgage loans in Kaneohe close fast and are easy qualifying.

So while it's possible you have lousy credit, having a promising real estate opportunity, a substantial down payment, previous real estate experience, and a clear exit strategy are far more relevant when it comes to qualifying for private money for a real estate loan. What's more, Kaneohe private real estate mortgages close fast to give you financing right away, letting you close on a deal within 2 or 3 weeks.

Most borrowers speak with Kaneohe private mortgage lenders when:

  1. They wish to remodel or fix up the home and property in order to offer it for sale at a much higher price point or to get higher monthly rental fees.

    For example, there was a client with a 2-family rental. He had enough equity available in the house and the rent brought in regular monthly income. He sought to perform some improvements to the units in order to keep his rents high, but a lower credit score of 520 meant a bank would turn down his loan request. Hence, the customer got in touch with Read Rock Capital (Read Rock Capital) to do a cash-out refinance which in turn gave him a loan for 65% of the home's market value.

  2. They would like to combine their unpaid debts.

    Many people think it is stressful to take care of multiple payments each and every month. This is the reason a lot of people make the decision to make the most of the equity available in their residence to combine all their debts into a single mortgage loan with a lone payment per month.

  3. They prefer to employ the existing equity in one home or property and use it to purchase another one.

    As an example, one of Island View's previous borrowers located in Hawaii had a home valued at over one million dollars. When he failed to procure a buyer for the property, he entered into a lease-option-to-buy arrangement with somebody. The rent checks were enough to pay for the cost of his monthly mortgage bill, property taxes and homeowner's insurance payments. Additionally, he was given a $200,000 non-refundable deposit for the three year contract. Having these assurances to handle the home's expenses on an ongoing basis, he called Read Rock Capital to obtain a seventy percent LTV private mortgage loan for his subsequent investment. This allowed him to pay an advance on the downpayment for the new investment, and also helped with his present mortgage.

  4. They want assistance to meet the balloon payment for a previous mortgage loan.

    If a person can't pay a balloon payment due to unforeseen causes, he can attempt to refinance his loan with a new lender. A cash-out refinance can help the borrower make the balloon payment and evade consequences.

Hoping to discuss your mortgage options with a private mortgage lender in Kaneohe? Submit the form or give us a call to discuss the property you have in mind.

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