Private Money Mortgage is Alternative to Home Loans for Bad Credit
Unlike “Pay Day” loans, title loans, or other similar fast credit options, homes loans for bad credit have practically ceased to exist since the onset of the crisis. Because so many people suffered blows to their credit scores as a result of the financial meltdown of 2008, getting a home loan these days is a dream. And with new laws passed in January of 2014 that define what “qualifies” for mortgage, and as it turns out, no one can qualify. Thousands and thousands of people are searching for home loans for bad credit end up wasting time searching in vain. So many companies promise they can qualify anyone for a loan program that sounds too good to be true. After lots of paperwork shuffle back and forth, many borrowers simply walk away frustrated after finding out they cannot qualify after all.
With our new private money mortgage program, we can accept borrowers with credit scores as low as 500. This private money loan program is the real deal for those who are endlessly searching for home loans for bad credit. The debt to income requirements for this program are also much lower than other lender. If you or one of your clients is having difficulty finding home loans for bad credit, this program may be the answer. Fill out a short contact form at this LINK and let’s see if you qualify.
Also, make sure you watch out for loan scams when searching for home loans for bad credit. If you are new to the topic of private money mortgages, read more on our blog on this topic called, ‘Hard Money 101.’ Avoiding popular scams in lending is at the top of the topic list so take a few minutes to read about this before starting your search for home loans for bad credit. Because there are so many ‘loan sharks’ out in those waters, do a little research on our blog first so you can learn how to avoid them.
Posted by Corey Curwick Dutton
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I have a retired couple with great credit, substantial net worth but no earned income. They would like to purchase home in Park City in the $1.5 to $2 million range. They were going to pay cash but with the recent stock market down turn, wonder if there is a loan program that might work for them. They sold their primary home in NY but still have another home off the coast of NY on an island. Thanks, Dick