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Broward County Florida Hard Money Mortgage Lenders

Broward County, Florida Hard Money Mortgage Lenders:

Yes, we have Bad Credit Broward County Florida Mortgage Lenders for all hard money Broward County Florida mortgage situations including: Cashout Refinance Broward County Florida property listed for sale: Loans For Broward County FL Lawsuits: Residential, Commercial, and Land loans: Bad credit cashout refinance, adjustable rate mortgage refinance, asset-based : Commercial:: Lis Pendens:: Claim of lien::Tax Lien:: Judgments::Balloon Mortgage:: Claim of lien::Business Commercial: Stop Foreclosure:: Tax Lien:: Code Violations:: Final Judgment: Inheritance Cashout: Buy-Outs:: Late Payments:: Tax Assessements:: Department Of Revenue:: Refinance HOA:: Stop Forclosure Refinance in Broward County Florida – Refinance Bankruptcy:: Inheritance Refinance:: Divorce Buyout:: Collection accounts::Tax Deed Sale — Emergency Situations – Cashout Refinance Broward County Florida Land Lenders: Call 954-667-9110 for more information. ALL SITUATIONS WELCOME. Broward County • Coconut Creek• Cooper City• Coral Springs• Dania Beach• Davie (Town)• Deerfield Beach• Fort Lauderdale• Hallandale Beach• Hillsboro Beach (Town)• Hollywood• Lauderdale Lakes• Lauderdale-by-the-Sea• Lauderhill• Lighthouse Point• Margate• Miramar• North Lauderdale• Oakland Park• Parkland• Pembroke Park (Town)• Pembroke Pines• Plantation• Pompano Beach• Sea Ranch Lakes, • Southwest Ranches, (Town)• Sunrise,• Tamarac,• Lazy Lake • West Park• Weston• Wilton Manors

Our Broward County, Florida commercial mortgage lenders offer equity-based hard money loans for purchases and cash-out refinancing, with options for borrowers with bad credit. Our asset-based Broward County, Florida mortgage programs emphasize property value and available equity, with eligibility subject to lender review. Financing options cover residential properties, commercial real estate, mixed-use properties, and vacant land throughout Florida.

Broward County Florida Hard Money Video:

Broward Florida Hard Money Lenders Costs

All Property Types Welcome: residential, commercial, and land loans.
Interest rates usually start at 10% to 12% or higher.
Points: Generally cost 3% to 6% of the total borrowed amount.
Prepayment Penalty: No Prepayment Penalty Options.
Payment Structure: Most require interest-only payments during the short term with a balloon payment at the end.
Niches: Equity Mortgage Loans: Refinance Balloon Mortgages: Adjustable Rate Mortgages: Bad Credit Mortgages: Cross Collateral Blanket Mortgages: Broward County Florida Lawsuit Loans:

Broward Hard Money Loan Qualifications

Equity-based: Approval based mainly on equity.
No Income Check: No income verification required.
Equity Focus: Approval based on Equity.
Credit: Any Credit

Fast Broward Florida Hard Money Lenders Closing Timeline

Loan process	Estimated timeframe
Initial application and property review	Same day–24 hours
Preliminary loan terms	1–2 business days
Appraisal or property valuation	1–5 business days
Title search and lien review –	2–5 business days
County lien search –	7- 10 business days – sometimes our private lenders will call in to speed this up.
Final underwriting and approval	1–3 business days
Closing documents and funding	1–3 business days
Total estimated closing time	3–14 business days for straightforward loans

These steps can overlap, and the estimates are not guaranteed.

We consider all Florida property types and credit situations. Private lenders generally focus on available property equity, collateral value, repayment ability, and the borrower’s exit strategy. Approval and loan terms depend on lender requirements.

Call 954-667-9110 to discuss your Florida private hard money loan options.

Commercial Broward County Florida Hard Money Mortgage Lenders:

Our Florida commercial mortgage lenders offer equity-based hard money loans for purchases and cash-out refinancing, with options for borrowers with bad credit. Our asset-based Florida mortgage programs emphasize property value and available equity, with eligibility subject to lender review. Financing options cover residential properties, commercial real estate, mixed-use properties, and vacant land throughout Florida.

Broward Florida Hard Money Situations:




Divorce Buyout

		Refinance Probate		Balloon Refinance
			Refinance Probate


Partial Construction
Garnishment
Student Loan Default	cash-out

Hard Money Broward County Florida Mortgage Lenders For Owner + Non-Owner:

No Application Fees	All Credit Accepted
Loan Amounts From $50,000 to $25 million	24-hour approval
Repay in 2 years	Fast funding
No prepayment penalty	Close with or without a corporate title

Broward Florida Hard Money Specifications

Loan Amounts • $50,000 to $25 million	Loan-to-Value (LTV) Ratios • Up to 70% on purchases • Up to 60% on refinances
Terms • 24 months, extension options available • Interest-only payments • Fair Rates • No prepayment penalty • Escrow may be required	Qualification • No Minimum credit score for Broward County Florida Mortgage Lenders • Borrower must document ability to pay • Property must be in Broward County Florida • No corporate title required

Broward Hard Money Property Types Include:

Commercial: Broward Florida Hard Money Lenders:

Stop Foreclosure: Broward County Florida Hard Money:

Owner-Occupied Broward County Florida Hard Money Lenders

Are you seeking a loan secured by an owner-occupied home in Broward County, Florida? Our Hard Money Broward County Florida mortgage lenders lend on primary Broward County Florida homes as long as you can document the ability to repay, commonly called (ATR). The Ability-to-Repay (ATR) rule is a federal regulation requiring Broward County, Florida mortgage lenders to make a good-faith determination that a borrower has the reasonable ability to repay on primary home loans before extending credit. Ability to repay applies to residential mortgages on primary residences and prevents reckless lending by requiring verification of income, assets, employment, and debt.

Broward County Florida Hard Money No Tax Return Mortgage Lenders:

Home Loan No Tax Returns =OK 1099 mortgage Lenders = OK 3 Months Bank Statement = OK
Self-Employed Less than 1 year = OK VOE Only Mortgage = OK Asset Depletion = OK
ITIN No Tax return mortgage = OK Nonresident No Tax Return = OK Pledged Assets = OK
Asset Depletion or Pledged = OK Business Profit Loss = OK DSCR Rental Income = OK
No Doc, No W2, No Tax Return = OK Bank Statement Deposits = OK Jumbo No Tax Returns = OK
NO Tax Return Short Term Rental = OK No Income Investor Refinance = OK Condo Refi No Tax Returns = OK
Estate Refinance NO Tax Return = OK No Income Refinance = OK Condo Cashout No Tax Returns = OK

Hard Money Purpose Options Include:

Hard Money Broward County Florida Condo Mortgage Lenders

Broward County Florida Hard Money Condo Mortgage Lenders

Yes, we have non-warrantable Broward County Florida condo lenders for a wide range of non-warrantable Hard Money Broward County Florida condo mortgage applicants. Options include: no condo questionnaire, no association budget, No Reserves, No Master Windstorm Insurance, and ITIN Broward County Florida Non-Warrantable Condo Lenders serving all of Broward County Florida. Our Broward County Florida condo mortgage lenders offer no-tax-return options, such as cash-out refinancing or purchasing Broward County Florida condos using alternative documentation, including 1099s, bank statements, and Assets. Best case, you are seeking a condo loan for the term “Warrantable Condo,” which means a Broward County Florida condominium complex that meets Freddie Mac or Fannie Mae’s Condo guidelines. Not all Broward County Florida Condos are warrantable!

Broward County Florida Hard Money Property Types Include:

Residential Hard Money Mortgage Lenders
$50,000 to $25 million, Buy your residence, or residential property to rent or sell.
Commercial Hard Money Mortgage Lenders
$50,000 to $25 million, Commercial Hard Money Purchase. land loans, case by case, office space for your business, or commercial property to rent or refinance a commercial property.
Hard Money Broward County Florida Land Mortgage Lenders
$50,000 to $25 million- Broward County Florida Hard Money cashout refinancing.

Broward County Florida Hard Money Lenders Welcome All Situations!

Our Hard Money Broward County Florida Hard Money lenders welcome all situations and have solutions. Hard Money lenders serving every city and county in Broward County Florida including estate cashout refinance before probate, Estate Buyouts, Divorce settelments, Non warrantable condos, Stop Forclosure, Refinance Bankruptcy, Hard Money Cashout Refinance, Divorce Buyout, Refinance reverse mortgage Broward County Florida, Direct Hard Money Lending, Commercial Property Loans for Investors, Foreign National Loans, Quick Bridge Loans Solution, Residential Investment Loans in Broward County Florida, Non-Recourse Real Estate Loans, Land Loans, Fix and Flip Loans, Equity Based Lending Serving all of Broward County Florida, Asset Based (Hard Money) Lending, Multifamily Investment Loans in Broward County Florida, Commercial Investment Loans in Broward County Florida.

Will my property qualify for a Broward County, Florida Hard Money lender?

To qualify for our Hard Money Broward County Florida mortgage lenders, the property must be located in Broward County Florida, and the Loan-to-Value (LTV) ratio must be no more than 65% for a purchase or refinance. This takes some math to compute, so we’ve made it easy! Use one of our calculators to get started.

Low Doc No Doc Hard Money Broward County Florida Mortgage Lenders

Our Broward County, Florida Hard Money lenders don’t require a high credit score or extensive documentation. To get started with a Hard Money loan, all we need is 1. a full mortgage application, 2. a government-issued photo ID, and 3. proof of cash flow to ensure monthly payments can be made on time. And of course, we need information about the property.

Hard Money Broward County Florida Cashout Phone Consultation

Please call me to review your circumstances. Within about 10 minutes, I can understand your situation and what your goals are, and let you know if I can help. Questions I might ask include:

What are your challenges and goals? I need to understand if there are challenges with your credit, income, or collateral, because I don’t want to waste your time or set unrealistic expectations.
How much do you owe in debt, and what’s your home worth? What’s the estimated payoff on your home, including all liens and debts, and what is its worth, so I can determine how much equity you have? Then I can match your equity with your goals and estimate the probability.
We can go over all of these numbers before you apply for a mortgage. Just like you, I don’t want to waste my time or yours if I cannot help you. I don’t want to pull your credit unless the numbers look like they work. Gather all your payoffs so we can assess your situation. Please call me when you can. I look forward to a friendly conversation. Thank you, Thomas Martin

Hard Money Real Estate Loans in Broward County, Florida- Our Hard Money Broward County, Florida Hard Money Lenders provide a wide variety of Hard Money loans for Broward County, Florida real estate investors and property owners. Whether the real estate is residential or commercial, investment property, business purpose, or consumer purpose, our Broward County Florida mortgage lenders have a short-term Hard Money loan program to help the Broward County Florida Hard Money mortgage applicants accomplish their real estate goals. Our Broward County, Florida, Hard Money mortgage lenders have years of experience providing various types of Hard Money loans in Broward County, Florida. Short-term real estate loans provide Broward County Florida Hard Money mortgage applicants with fast and flexible funding to capitalize on short-term opportunities. We fund Broward County, Florida, Hard Money loans for beginners as well as experienced real estate investors.

Cash-out Refinance Homes Before Probate Is Complete – Cash-out refinance in Broward County Florida,orida or probate buyout of an inherited home, enables you to pay off any existing liens and cash out refinance to buy out any family members’ ownership interest. Inheritance cash-out refinancing simplifies the process of buying out family members in exchange for sole ownership of the property, while providing the necessary resources to execute a successful probate buyout.

Distressed Property Loans- REO Loans – Distressed Property Loans- Distressed Broward County Florida Hard Money lenders are available for real estate investors who wish to purchase REOs, short sales, foreclosures, and property that can not be financed with conventional funding due to its current condition. Once the repairs/upgrades are made to the property, it can be refinanced to a longer term and lower rate.

Refinance Inherited Home With Reverse Mortgage in Broward County, Florida- Reverse mortgage refinance loans allow heirs who have inherited a home with a reverse mortgage to maintain ownership of the property. Refinancing a Broward County, Florida home with a reverse mortgage through banks is usually not an option, as conventional lenders will not provide a loan to an individual when their name is not on the title. Our Broward County, Florida mortgage lenders can refinance the reverse mortgage by providing a loan to the estate and then allowing the heir(s) to assume the loan.

Bridge Loans – Bridge Loan Financing- A bridge loan is a short-term loan in which a property owner borrows against their existing property to finance the Purchase of a new property. Once the new property is purchased, the original property is sold to pay off the loan. It is also possible for Broward County, Florida, Hard Money mortgage applicants to obtain a bridge loan against the new property they are purchasing. After acquiring the new property, the original property can be sold to pay off the loan. Broward County Florida Bridge loans are a common financing tool for Broward County Florida Hard Money mortgage applicants with a great deal of equity in their property, but not enough cash to purchase a new home when they want to move to a new primary residence.

Trust Loans – Broward County, Florida: Trust loans allow trustees to borrow against trust-owned real estate to raise funds for short-term trust expenses. Trust loans provide the trustee with fast financing and liquidity without selling the trust property.

Estate Loans, Probate Loans, Trust Loans, Inheritance Loans- Probate Loans, Estate Loans & Inheritance Loans- Estate loans, probate loans, and inheritance loans all refer to short-term loans against real estate assets within an estate. A common reason for obtaining a probate loan is to cover the costs associated with a probate situation, such as legal expenses, property taxes, mortgage payments, and other estate debts. Other common reasons for borrowing against an estate or trust include repairing or upgrading a property before selling or borrowing against the real estate to buy out a sibling’s or beneficiary’s interest. Estate loans from our Broward County Florida mortgage lenders can facilitate a transaction that enables title transfer from parent to child without a reassessment of the property, potentially resulting in significant savings in property taxes each year going forward.

Irrevocable Trust Loan Lenders Broward County Florida – Irrevocable trust loans are often used when one beneficiary wants to keep real estate owned by the trust while other beneficiaries want a buyout. The irrevocable trust loan is made directly to the trust, and then the buyout proceeds can be distributed to the other beneficiaries.

Cash Out & Refinance Loans- Cash-out and refinance loans let real estate owners borrow against their property’s equity or refinance their existing loan for a longer term or lower interest rate. A Hard Money cash-out or refinance loan is the easy way for real estate investors to quickly raise cash in order to capitalize on another investment opportunity. Our Broward County Florida mortgage lenders can provide Hard Money cash-out and refinance loans for investment property as well as owner-occupied property. Cash-out and refinance loans for investment property can be funded in as few as 3-5 days, while owner-occupied Hard Money loans take 2.5-3 weeks due to current federal regulations.

Investment Property Loans- Hard money loans for rental properties let real estate investors quickly acquire single-family residences, multifamily residences, apartment buildings, and commercial property. Hard Money investment property loans can be funded within days and without the inconvenience and headaches of endless paperwork required for conventional bank loans.

Fix and Flip Loans – Rehab Loans- Fix and flip loans (also known as rehab loans) are short-term loans for real estate investors who want to buy a property, improve it, and then quickly sell it for a profit.

Owner-Occupied Hard Money Loans- our Broward County, Florida mortgage lender can provide owner-occupied Hard Money loans to Broward County, Florida Hard Money mortgage applicants who are currently unable to obtain a conventional bank loan. Broward County, Florida, Hard Money mortgage applicants must provide proof of income (W-2s or tax returns) and maintain a reasonable debt-to-income ratio, as required by current federal regulations. A down payment of at least 25-30% is required.

Hard Money Purchase Loans- Hard Money purchase loans are available to real estate investors who need rapid funding in order to secure a property. When a real estate listing receives multiple bids, a Hard Money loan offer can stand out among conventional financing offers and be more likely to be accepted. Experienced sellers understand that Hard Money loans can close much faster and involve fewer complications than bank loans.

Commercial Hard Money Loans-Commercial Hard Money loans are available for various commercial property types, including office buildings, retail, industrial, multifamily, healthcare, and other special-purpose property. Commercial Hard Money loans provide real estate investors with fast access to funding without the hassle and extensive application process generally required by conventional commercial lenders.

1031 Exchange Loans – Reverse 1031 Exchange Financing Reverse 1031 exchange financing allows a real estate investor to purchase the replacement property before selling the relinquished property for a 1031 exchange. Our Hard Money Broward County Florida mortgage lenders can lend against both the replacement property and the relinquished property if needed. The real estate investor must work with a 1031 qualified intermediary to process the 1031 exchange. Our Broward County, Florida mortgage lenders can lend to a temporary LLC created by the qualified intermediary and then allow the investor to assume the loan when the property is transferred from the LLC to the investor.

Hard Money Land Loans – Land loans are available to real estate investors who have a down payment of at least 50-60% and have plans to develop the property within the next 1-2 years. The property must have some level of improvement (access, utilities, grading, etc.). Infill lots have the best chance of receiving funding.

Multifamily Financing Hard Money Loans- Multifamily financing is available for various property types, including apartment buildings, duplexes, triplexes, fourplexes, and larger multiplex properties. Our Broward County Florida mortgage lenders are also able to provide multifamily financing to real estate investors who intend to occupy one of the units within the multifamily property.

Hard Money Broward County Florida mortgage lenders offer several advantages that make them an attractive option for those seeking financing outside of traditional lending.

Broward County Florida Estate loan before probate – Refinancing while a Broward County Florida property before probate that is still in the name of the estate typically requires a specialized “Broward County Florida probate lender” or “estate loan”. These loans are provided by niche Broward County Florida mortgage lenders, not conventional banks. Estate loans usually require the consent of all beneficiaries, who must sign a notice of proposed action indicating their approval.

Hard Money Broward County Florida Questions And Answers

DO Hard Money LENDERS PROVIDE APPROVAL LETTERS? YES! A hard money lender gives preapproval letters to prospective mortgage applicants once they’ve been pre-approved. Applicants can then submit the preapproval letter with offers on properties. Broward County, Florida, Hard Money mortgage applicants must first apply, pull credit, verify assets, and submit a loan application to be pre-approved. If the Hard Money request is approved, the lender will then determine the amount of funds you can borrow.

WHAT IS Hard Money? Broward County Florida Hard Money lenders provide Hard Money funding outside of traditional lending systems that rely on their own underwriting criteria. These Hard Money Broward County Florida lenders include banks, credit unions, and other institutional lenders. Hard Money funding comes from Hard Money Broward County, Florida investors and individuals. It is also known as Hard Money.

WHAT IS A Hard Money LOAN? A Hard Money loan is a short-term loan secured by real estate. Hard Money loans are often used by real estate investors in need of fast and flexible financing. The purpose of a Hard Money loan may be to purchase a property or refinance an existing owned property. Broward County, Florida, real estate investors typically refinance the property with long-term conventional financing or sell the property to pay off the Hard Money loan.

WHAT IS A Hard Money LENDER? A Hard Money lender is a mortgage broker who acts as the intermediary between the Broward County, Florida, Hard Money mortgage applicants and the investor. The Hard Money lender brings the parties together to agree on terms, complete the loan documentation, and service the loan. In some cases, the Hard Money lender is an investor providing the capital to the Broward County Florida Hard Money mortgage applicants through a fund managed by the lender.

CAN TITLE BE HELD IN A TRUST, CORPORATION, OR LLC FOR A Hard Money LOAN? Title may be held in an entity, but in many situations, an individual(s) will still need to personally guarantee the loan.

CAN I STILL GET A Hard Money LOAN WITH Hard Money? Yes, Hard Money lenders are much less concerned with a Broward County Florida Hard Money mortgage applicant’s credit and FICO scores. Hard Money lenders instead focus on the equity in the property being purchased or refinanced. Credit scores alone should not prevent a Broward County Florida Hard Money mortgage applicant from obtaining a Hard Money loan.

DO HARD MONEY LOANS HAVE PREPAYMENT PENALTIES? A Hard Money loan may or may not have a prepayment penalty, depending on the Hard Money lender and the specific loan scenario. When inquiring about a Hard Money loan, ask the lender up front about prepayment penalties.

WHERE DO THE FUNDS FOR Hard Money LOANS COME FROM? The source of funds for Hard Money loans can come from numerous sources: The Hard Money lender may operate a “pool” or “fund” that many different investors contribute to. The Hard Money lender may lend their own personal funds. The Hard Money lender may fund the loan with capital from individual trust deed investors.vestors

WHAT IS THE DIFFERENCE BETWEEN A Hard Money LENDER AND A BANK? Hard Money lenders can approve and fund a loan at a much faster rate and with far less documentation than a bank. Approval and funding from a Hard Money lender can be completed within a week. A typical loan from a bank or conventional lender will often take at least 30 to 45 days for approval and funding.

Hard Money lenders are primarily focused on the value of the real estate that will serve as collateral for the loan and the loan-to-value ratio. Banks typically focus on the Broward County Florida Hard Money mortgage applicants’ credit rating, income, and employment history.

Hard Money loans are intended to be short-term loans (1-4 years), while banks offer loan terms up to 30 years. Interest rates from banks will be lower compared to rates offered by Hard Money lenders.

WHAT TYPE OF PROPERTY DO Hard Money LENDERS LEND ON? Hard Money lenders can lend on any type of property, such as single-family residential, multi-family residential, land, industrial, retail, and office buildings. Many lenders have specific types of properties that they specialize in. Some Hard Money lenders can lend on owner-occupied residences, but many will not due to the extra regulations required to fund these loans.

WHAT ARE SOME OF THE BENEFITS OF A Hard Money LOAN? The application process is quick and easy compared to a bank loan Hard Money loans have far fewer requirements and necessary documentation compared to bank loans Hard Money loans can be funded very quickly, usually within 5 – 10 days (longer process required for consumer purpose loans) Purchase offers that include Hard Money financing is often considered a stronger offer compared to conventional bank financing Hard Money financing may allow the buyer to negotiate a better purchase price A Broward County Florida Hard Money mortgage applicants can still obtain Hard Money financing even if they have issues such as low credit scores, insufficient income history, recent short sales or foreclosures or a bankruptcy Quickly pulling equity out of an existing protoder to reinvest the capital elsewhere A Broward County Florida Hard Money mortgage applicants can obtain Hard Money financing once they have hit a limit on loans from conventional .lenders

WHY DO Broward County Florida Hard Money mortgage applicants CHOOSE TO USE A Hard Money LOAN?
Funds are needed to close escrow as soon as possible The Broward County Florida Hard Money mortgage applicants don’t have time to go through the lengthy application process for a bank loanThe Broward County Florida Hard Money mortgage applicants’s loan request has already been denied by a bank or other conventional lender The property is currently uninhabitable and needs significant repairs and improvements The Broward County Florida Hard Money mortgage applicants has issues with their credit, income, a recent short sale, foreclosure or bankruptcy The Broward County Florida Hard Money mortgage applicants needs funds to purchase and rehabilitate a property for. profit

WHAT DOCUMENTS ARE NECESSARY FOR A Hard Money LOAN? Documents that may be needed for the application process: Loan application, Tax return,s Bank statements, proof of funds for down payment if applicable, Common Initial Loan Disclosures, Mortgage Loan Disclosure Statement, Privacy Policy Equal Credit Opportunity Act Notice, Fair Lending Notice, Hazard Insurance Disclosure, Final Loan Documents, Deed Note Escrow Instructions, Payment Guaranty (if applicable), Arbitration Agreement (if applicable,) Other documents based on the specific aspects of the loan

WHAT ARE SOME OF THE DISADVANTAGES OF A Hard Money LOAN? 1. The interest rates on Hard Money loans are higher than conventional loans. 2. The Broward County Florida Hard Money mortgage applicants must have 25% or more equity in the deal. 3. Hard Money loans are for short-term use only (generally up to 3-4 years)

HOW DOES ONE FIND A Hard Money LENDER? A simple web search for [your area] “Broward County Florida Hard Money lenders” will produce a list of local Broward County Florida Hard Money lenders to contact. Hard Money lenders are often present at local Real estate investor meetings. Ask a trusted real estate agent, real estate investor, traditional mortgage broker, e-broker, or other real estate professional if they can recommend a Hard Money lender.

HOW DOES ONE GET A Hard Money LOAN? After contacting a Hard Money lender, the prospective Broward County Florida Hard Money mortgage applicants must complete a Hard Money loan application with their personal financial information and information about the subject property. The Hard Money lender will quickly review this information and determine if the loan is feasible. The credit of the Broward County, Florida, Hard Money mortgage applicants is of some importance,mportance but the most important fact is the loan-to-value (LTV) on the property. The subject property will then be appraised to ensure the property valuation is in the proper range. Once this is all complete,omplete the Hard Money lender will move forward in processing the loan, and funding can be completed in a matter of days.

HOW MUCH DO Hard Money LENDERS CHARGE? The cost for Broward County, Florida Hard Money lenders varies depending on market conditions and availability. The interest rates can range from 8-13% and the points rang 2% to 4%rom 2-4, depending on the specifics of the requested loan. Some Hard Money lenders may also charge extra fees such as a “processing fee”, “underwriting fee”, or “document fee”. Other costs the Broward County, Florida, Hard Money mortgage applicants will be responsible for are closing costs, such as escrow, title insurance, notary, and recording.

WHAT ARE TYPICAL Hard Money LENDER TERMS? A typical Hard Money term is generally 12 months, but longer terms of 3-4 years may be available depending on the specific situation and the Broward County, Florida, Hard Money mortgage applicant.

WHAT HAPPENS IF THE BORROWER DOESN’T PAY OFF THE Hard Money LOAN? When a Broward County, Florida, Hard Money mortgage applicant defaults on a Hard Money loan, they are in danger of being foreclosed upon and losing the property or properties that they used as collateral to secure the loan. Foreclosure is not the desired course of action for the lender, as they would much rather be paid back in full for the balance of the loan without any additional hassle. When a Broward County, Florida, Hard Money mortgage applicant misses payments, the Broward County, Florida, mortgage lender will reach out to assess the situation and see if a foreclosure can be avoided.

The Broward County Florida Hard Money mortgage applicants will need to make payments, bring the loan current, pay off the loan, or sell the property. If the Broward County Florida Hard Money mortgage applicants cannot rectify the situation, the lender will have a notice of default recorded and proceed with the foreclosure process to recover the funds.

WILL A Hard Money LENDER PROVIDE FUNDING FOR OWNER-OCUPIED Hard Money LOANS? Most Hard Money lenders will not fund owner-occupied Hard Money loans. Owner-occupied loans are heavily regulated by the government and require additional paperwork and requirements. Federal regulations require Broward County Florida Hard Money mortgage applicants to meet a debt-to-income ratio for all owner-occupied loans. Broward County Florida Hard Money mortgage applicants are forced to prove their income with tax returns or W-2s and disclose their existing debt payments. Because of the extra regulations, many Hard Money lenders choose not to offer owner-occupied loans.

HOW ARE Hard Money LENDERS REGULATED? Hard Money lenders are regulated by their state Department of Real Estate. Hard Money lenders must have a member of their company who holds a Real Estate Broker License.

HOW LONG DOES IT TAKE TO RECEIVE FUNDING FROM A Hard Money LENDER? For a business-purpose loan, a hard money loan can be funded within a week or two. If needed by the Broward County Florida Hard Money mortgage applicants, a reliable Hard Money lender can fund a loan in as few as 3-5 days. This is a huge benefit to using Hard Money loans,s as banks could take 30 days or longer to fund the same loan request if it were to fall within their stringent guidelines. Consumer purpose loans are subject to federal regulations,ulations which push the time to fund to 2-2.5 weeks.

WHY ARE Hard Money LOAN INTEREST RATES HIGHER THAN LOANS FROM A BANK? Broward County Florida banks hold money from their depositors and pay them an extremely low interest rate. The bank then loans this money out to Broward Count,y Florid,a Hard Money applicants at a higher but relatively low interest rate. Hard Money lenders obtain funds from Hard Money investors (or fund the loans themselves), who expect a higher interest rate because of the increased risk they take on.

HOW DO Hard Money LENDERS DIFFER? Beyond the quality of service, Hard Money lenders differ in the lending criteria they adhere to and the costs they charge for the loan. Lending criteria examples: Types of properties they lend on (commercial, residential, Loan-to-value (LTV) Ability to lend in 1st or 2nd positioOwner-occupieded properties vs. non-owner-occupied, Geographic llocationsocations Loan amounts, available,alable Loan cost examplesInter estst rates Pointoriginationr loan orig.ination

HOW DOES ONE INVEST IN Hard Money LOANS? Investors with money to invest may be able to work with a Hard Money lender to fund Hard Money loan requests from Broward County, Florida Hard Money applicants. This is known as trust deed investing. The Hard Money lender finds investment opportunities (loans) for the investor to fund. The investment is secured by the real estate put forth as collateral from the Broward County, Florida, Hard Money mortgage applicants.

Broward County, Florida Hard Money Lenders Service Areas Include:

All of Florida, including Broward County, Florida Cities:

• Coconut Creek
• Cooper City
• Coral Springs
• Dania Beach
• Davie (Town)
• Deerfield Beach
• Fort Lauderdale (County seat)
• Hallandale Beach
• Hillsboro Beach (Town)
• Hollywood
• Lauderdale-by-the-Sea (Town)
• Lauderdale Lakes
• Lauderhill
• Lazy Lake (Village)
• Lighthouse Point
• Margate
• Miramar
• North Lauderdale
• Oakland Park
• Parkland
• Pembroke Park (Town)
• Pembroke Pines
• Plantation
• Pompano Beach
• Sea Ranch Lakes (Village)
• Southwest Ranches (Town)
• Sunrise
• Tamarac
• West Park
• Weston
• Wilton Manors

Miami-Dade County

• Aventura
• Hialeah
• Miami
• Miami Gardens
• Miami Lakes
• North Miami Beach
• Sunny Isles Beach

Palm Beach County

• Boca Raton
• Delray Beach
• Boynton Beach
• West Palm Beach

Thomas Martin

Sr. Mortgage Loan Advisor

FL, TX, AL – NMLS #156080

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350 MIN FICO

FHA/VA

500 MIN FICO

CONVENTIONAL

620 MIN FICO

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All Information Subject To Change