
Google 5-Star Rated Direct Hard Money Lender
Google 5-Star Rated Direct Hard Money Lender
Private money loans are flexible, quick financing options individuals or companies provide. They are often based on the value of the property or asset rather than the borrower’s credit score. These loans are best suited for real estate investors, house flippers, and those with unique financial situations needing fast access to funds. Source Capital offers streamlined private hard money loans with same-day approvals and flexible terms.
Loan to value (LTV) is a number lenders use to decide if they want to give you a loan for a house or other property. It’s a percentage that shows how much of the house’s value you’re borrowing. If this number is relatively low, it means you’re borrowing less compared to what the house is worth, which lenders prefer because it reduces their risk.
Non-QM loans are an alternative to traditional mortgages for people who don’t qualify. There are several types of non-QM loans, including hard money loans and interest-only loans. Non-QM loans offer several benefits, including faster approval times and more flexibility.
Cash-out refinancing allows you to leverage your property’s equity to take out a loan and can help borrowers quickly access cash and negotiate lower interest rates. Before applying for cash-out refinancing, consider your equity and new loan terms and rates.
A home appraisal is a valuation of a home that’s used when buying or selling real estate. Home appraisals are based on the size and condition of your home as well as recent sales of comparable homes in your area. At Source Capital, we offer a wide range of loan options to help you get the money you need to invest in property.