Florida Hard Money Mortgages
 Florida Home Equity is a Florida Hard Money Lender that represents a multitude of private investors who specialize in funding subprime and poor credit mortgage loans. In addition to our expertise in less than perfect loans, we also service bridge loans and hard money residential loans. Florida Home Equity provides sub prime and hard money loans that are uniquely tailored to fit the specific needs of its clients. Best of all, Florida Home Equity works quickly and efficiently, often providing secured hard money mortgages in the time it takes most loan companies just to call back. Benefits of Equity Loans · Loans are based primarily on equity (50% LTV)
· Credit is not a qualifying factor
· Reduced paperwork
· Flexible income documentation
· No cash out limits (cash out limited by equity)
· Construction and rehab loans OK whether you have begun or not
· We don’t require that you pay off collections (judgments and liens must be paid though)
· Interest only loans available What to Expect
Higher interest rates and fees (compared with traditional financing). Now is the perfect time to take advantage of low interest rates and an exceptional market. Feel free to apply online, browse our calculators and tools, learn about our loan programs, and much more. We offer custom solutions for every residential mortgage financing situation. Whatever your residential financing needs, we will tailor a loan that's right for you.
How to Proceed With a Hard Money Loan
Florida Home Equity Funding has a very practical and easy approach to imperfect credit lending, setting you on your way to succeed at procuring the financing that you desire. · PRIVATE HARD MONEY LOAN TERMS: Flexible loan terms from 6 weeks to 2 years. · LOAN SIZE FOR A HARD MONEY LOAN: From $30,000 to $20 Million · COLLATERAL: Real estate and other fixed or liquid assets are typically needed to qualify for a hard money loan. · REPAYMENT ON AN IMPERFECT MORTGAGE LOAN: Repayment on a hard money loan normally runs up from 2 months to 20 years, although this will certainly differ based on loan specifics. Interest rates on our standard hard money loan are variable and individual loans are quoted either at a discount or premium to our base lending rate. The discounts and premiums primarily depend on your financials and collateral. Look no further for the best rates along with the best service. We are here to help make purchasing a new home or refinancing your current home as easy as possible. Use our online application process to prequalify or fill out our full application to speed up the application process. Effective immediately 01/12/09 there will be a due diligence fee of $149.00 on all Florida Hard Money loan applications paid on advance. This fee is for credit reports, drive by of properties and analysis of the paperwork. This fee is fully refundable at time of closing. Pay Here
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