Private Money Second Mortgages
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Private Money Mortages Funded Fast
In today's challenging real estate market, a second mortgage can be quite challenging to fund. PrivateMoneyBankers.com has a network of private investors who will fund quality second mortgages. If your proper has sufficient equity, we MAY be able to fund your private money second mortgage quickly and with a minimum of paperwork. We specialize in funding hard money and private mortgages in Los Angeles, Ventura, Orange, Santa Barbara, Riverside and San Bernardino Counties.The requirements for our hard money second mortages are quite simple, you must have a loan to value of less than 65%. T Let me give you an example: ley's say your property is worth $500,000,and you owe $250,000 on your first mortgage and you wanted a second mortgage of $50,000. Your loan to value is 50% and your combined loan to value is 60%. In this scenario, we would likely be bale to fund the second mortgage.
How Our Private Money Mortgages are Funded
Private money loans are mortgages funded by private individuals, trusts, partnerships, real estate investment groups and retirement funds. Unlike a bank, we do not have depositors. When we fund a loan, we underwrite the loan, and we then have one of our private investors fund the loan. Our investors enjoy the stability and high rate of return on their investment, and you are able to enjoy the loan(Atleast we hope so!!) As our loans are based upon your equity, the lower the loan to value, the easier is is for us to fund your loan.
A Hard Money Second Mortgage May Be Right For You If:
* You have tried conventional financing, and have been unsuccessful.* You have some credit "glitches"
* You need to secure financing faster than a traditional bank or lender can fund.
* Your property does not fit into the "mold" of a traditional lender.
* You are currently behind on your mortgage payments
* Currently facing foreclosure or have a notice of default filed against you.
* Trying to finish a construction loan
* You need financing for an "unusual" property, such as land, commercial property, hotels, motels, investment property.
If you have a hard mortgage request, please feel free to contact Donald G. Timms at (805) 832-0572 or email Donald at donaldtimms@gmail.com, he will contact you shortly.
About Donald Timms & New Haven Financial
Donald Timms is a private equity specialist at New Haven Financial. Since 1994, New Haven has funded over $1 Billion is private mortgages in Southern California. We understand how to underwrite a loan so that it gets funded quickly and with a minimum of paperwork.How to Contact Donald Timms
Telephone-(805)832-0572Email-donaldtimms@gmail.com
Hard Money Loans are Available for the Following:
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Private Money Bankers
Donald G. Timms
Phone:805-832-0572 | Email: donaldtimms@gmail.com
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