Private Real Estate Mortgages in Waipio

Countless real estate investors count on private real estate financing to purchase a new property, or rehab or refinance an existing one. In contrast to bank loans, Waipio private mortgage loans are fast closing, have minimal eligibility requirements and open to self-employed borrowers.

That's very fortunate for investors since even anyone with weak credit can qualify for private money for a real estate loan given that he has a promising project, he has adequate cash for a downpayment, he has shown himself capable in real estate, and has a preplanned exit strategy. In addition to this, if you're searching for a fast closing, you won't see any alternatives better than Waipio private real estate mortgages.

Most real estate investors use Waipio private mortgage lenders when:

  1. A remodeling job or update can allow them to offer their property at a higher price point or fetch extra rent.

    To illustrate, one of our borrowers had a duplex. He held a great deal of equity in the asset and the rent brought in routine monthly income. Some choice home upgrades would undoubtedly help him raise his rents, but since he had a below average credit score of 520, it was extremely probable that a bank would turn down the loan application. Right after he got in contact with Read Rock Capital for a loan, we were pleased to do a cash-out refinance for 65% of the property's value.

  2. They need to merge their outstanding debts into a single loan.

    Many people find that it's stressful to manage countless payments on a monthly basis. In order to make the situation more manageable, people consolidate their outstanding debts into just one loan with only one monthly payment.

  3. They prefer to allocate their existing equity in one house and invest in a different one.

    Here is an example. A customer in Hawaii owned his residence which was appraised at $1,200,000. When he was unable to secure a buyer for the house, he inked a lease-option-to-buy deal with somebody. The rental agreement payouts served to meet his current mortgage, taxes and homeowner's insurance. In addition, he received a two hundred thousand dollars non-refundable advance payment for the 3 year agreement. With these sureties handling the home's financial obligations on a regular basis, he called Read Rock Capital to obtain a 70% loan-to-value private mortgage loan to aid in his upcoming investment. This gave him ample capital to use for a down payment or his next investment, but additionally made it easier for him to pay down the existing mortgage.

  4. They need help to meet the balloon payment for the existing loan.

    A person who invests in real estate and has a prior private mortgage and cannot afford the balloon payment on account of a change of circumstances can apply for refinancing from a new lender. A refinance will help the person avoid missing the due date for the balloon payment and prevent any fees and penalties.

Want to discuss your investment alternatives with a private mortgage lender in Waipio? Submit the form on this page or call us and let's discuss the property or properties you have in mind.

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