what are hard money loans

ORACLE LOANS is proud to offer some of the most diverse, competitive, and flexible investment residential mortgage loan programs. The residential hard money Loan is the best option for real estate investors who need to access capital quickly without jumping through all of the hoops of more traditional lending programs.

Most personal loan lenders allow you to shop around and compare rates without a hard inquiry on your credit report. You can pay by cash or check then, since you’ll have the money available to you..

As a hard money lender we have a variety of loan options available for various types of real estate investments. But our most exciting and popular loan options are those where we can extend a no or low cash to close offer. Because we take on so much more risk with these loans we will only offer them when the deal meets our profitability and risk guidelines.

fha gov home loans Federal Housing Administration/U.S. Department of Housing and. – Home / Federal Housing administration. federal housing administration. Overview. The Federal Housing Administration (FHA) is the largest mortgage insurer in the world with an active insurance portfolio of over $1.3 trillion. Each year, FHA helps more than a million homebuyers achieve the dream.

We are a hard money lender here to serve your investment borrowing needs. Our specialty is non-owner occupied residential or commercial property. There are no personal qualifying requirements because our loans are equity-based only. This means we can close quickly and hassle-free.

RCN Capital is a national, direct private real estate lender that specializes in providing short-term, hard money loans to real estate professionals.

reverse mortgage current interest rates How Do Reverse Mortgage Rates Work? As with most other loans and credit lines, reverse mortgage interest rates are charged on the funds that you receive from your loan. These charges are calculated daily and added to the loan balance monthly, and can be found on every borrower’s monthly statement.

Visio Lending is a national hard money lender with a dedicated customer support system like all of the other best hard money lenders on our list. In terms of reputability, they have funded over 5,500 loans and they have bought, sold, or financed over $275 million in residential real estate.

Hard money lenders: The source for last-resort loans property flippers. individuals who buy properties, renovate them and resell them for a profit, Borrowers who don’t qualify for traditional loans. homeowners facing foreclosure with substantial equity in their home. Pros. Accessible to people.

A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies.

How to Get a Hard Money Loan Approval Research appropriate hard lenders in your area. Consider the pros and cons of accepting a hard money loan. Evaluate the time frame for your loan. Hard money loans are generally granted far more quickly. Present the potential value of the property you want.