Numerous real estate investors turn to private real estate financing to acquire a new property, or renovate or refinance an existing one. Liberty private mortgage loans have many advantages — they are fast closing, easy qualifying and additionally, are available to self-employed individuals.

Thus, in case you have poor credit, having a real estate opportunity showing good potential, a significant down payment, prior experience in real estate, and a good exit strategy are much more relevant when qualifying for private money for a real estate loan. Besides, if you would like a fast closing, you won't see any options better than Liberty private real estate mortgages.

Most borrowers use Liberty private mortgage lenders when:

1. They're in search of money to fix up a property or home and offer it for sale at a much higher price or to rent it out for more money.

   For example, there was a customer who owned a two-unit rental. He already had a lot of equity in the building and the rent brought in a steady cash flow. A number of choice home renovations would allow him to raise the cost of rent, but with a lower credit score of 520, it was very likely that a bank would turn down his mortgage application. So he reached out to Read Rock Capital for a cash-out refinance and acquired a loan at 65% LTV.

2. They have multiple debts and wish to consolidate them.

   Numerous debts with a variety of rates are quite overwhelming and tough to manage. Due to this, lots of people borrow from their home equity to consolidate all their outstanding debts into a single loan payment.

3. They want to allocate the existing equity in one house and use it to purchase a different one.

   One of Island View's borrowers in Hawaii owned a home valued at $1.2 million. When he failed to secure a buyer for his house, he entered into a lease-option-to-buy deal with somebody. The cash that stemmed from the lease contract covered his regular mortgage expenses, home owner's insurance, and taxes. The tenant furthermore went ahead and paid two hundred thousand dollars in the form of a downpayment for the three year contract. Using these sureties to handle the home's bills on an ongoing basis, he approached Read Rock Capital to get a seventy percent loan-to-value private mortgage loan to help with his upcoming purchase of an investment property. This allowed him to pay an advance on the down payment for his next property, and also helped with his existing mortgage.

4. They have a previous mortgage and are not able to afford the looming balloon payment.

   A real estate investor who already has an existing private mortgage and is not able to afford the balloon payment as a result of a change of circumstances can apply for refinancing from another company. A refinance can help the person hit the cut-off date for the balloon payment and steer clear of any penalty charges.

Wanting to make contact with a private mortgage lender in Liberty to discuss funding options for your next project? Fill out the form on this page or give us a call and let's talk about the property or properties you have in mind.