Jacksonville home buyers and investors know it can be very difficult to secure a loan fast. Sometimes you need funds quick to stay out financial problems with your business or personally, or maybe need to keep your properties from being foreclosed. You just don’t have time to deal with all the red tape involved in traditional financing, enter Hard Money. Hard money lending rarely recognizes your creditworthiness and instead looks at the value of the property for which the loan is to be made. Equity is the key with hard money. These loans are higher risk without a doubt, for both parties and generally come with higher rates and fees. However any good hard money lender like Five Stars Mortgage makes sure to inform you of all fees involved in advance.
Many loans are reviewed and accepted in the shortest time possible making Florida hard money a reasonable short term solution if you are looking for quick cash against your property. There are many uses for hard money. If you are a borrower interested in the purchase of a new property but are prevented by strict credit guidelines, legal obligations or even the condition of the property itself, then a hard money loan can help the situation until a source of conventional funds is acquired or the property is sold. Also if you’re having trouble with your standard conventional mortgage then a hard money loan is also a good way to avoid foreclosure, again assuming you have equity.
There are many hard money lenders in Jacksonville that can offer flexible terms to finance the loan in as little time possible, which is something that is commonly unavailable with other kinds of financial institutions. You can expect approval same day, and expect to close in as little as 3-5 days. Again, speed being the key with Hard Money. Any Jacksonville residents that have questions, please call us 7 days a week until 8pm @ ph: 800-871-2636. Please also visit our website below for Hard Money requirements and guidelines here in Jacksonville. https://www.fivestarsmortgage.com/florida-loan-programs/florida-hard-money
Need assistance? For fast service please submit the “Request Contact” form at the top right side of your screen. Mobile users can find the short Request Contact Form here. Be sure to also visit www.FiveStarsMortgage.com for the latest mortgage info.
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