hard Money loans in Spokane

Hard Money Loans in Spokane

Private Money loans in Spokane (or otherwise know as "Hard Money Loans" Can be a the only way out of a terrible situation for some borrowers. Life happens and sometimes it can lead to unavoidable credit problems. A loss of job, or medical issues with lack of health insurance are common with Credit challenged people all over this great country. We all at least know someone that has been in just such a situation. It can be a frightening time for people and we can help.

If you have equity in your home, and your credit is poor, a hard or private money loan might be a way out. The Interest rates with hard money loans are usually very high (around 12%) and fee's are around 4 to 6%. But if you can pull enough cash out to work a Credit Plan, you could get back into a conventional loan in a matter of months. We have credit simulators that allow us to project what we can do to improve credit scores and how long it will take. Visit our website at Spokane Mortgage or call Scott at 509-951-4615

Hard Money loans are now only going to about 65% Loan to value and investors are becoming more and more cautious as this market continues to decline.