Monday, December 03, 2007
Texas hard money Loans are loans based on the property. If you can fog a mirror, we can get you a hard money loan. The Lender will look at the property for a loan. The better the borrower looks, the more money will be loaned. Expect to see 50% -75% LTV loaned against property. Land Loans are typically 50% LTV. most are stated income loans. For more information click the links below.
Friday, October 26, 2007
It looks like the subprime meltdown is over. 70 Lenders are now out of business including two of our favorites. New Century and Greenpoint are done. A lot of the programs that disappeared are coming back including 100% purchase for < 600 credit scores. We mostly do Jumbo Texas cash outs. I have a $ 5,000,000 deal that should close on Monday. Wish me luck!