Yucca Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $73,800 BPO Valuation $123,000 Occup Non-Owner Occ. Interest Rate 12.00% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor,…
Los Angeles, CA Download Full Summary Property / Loan Information Property Type Quadruplex Lien Position 1st TD Loan Amount $357,524 Purchase Price $510,749 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 70.00% Loan Type Rental Purchase Amortization 30 Year amort/due in 12 months Guaranteed Interest 3 months
Long Beach, CA Download Full Summary Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $220,000 Est Valuation $834,609 Occup Non-Owner Occ. Interest Rate 15.00% LTV on Est Value 26.36% Loan Type Business Purpose Cash-Out Refi Amortization 40 Year amort/due in 12 months Guaranteed Interest 3 months
Woodland Hills, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Loan Amount $240,000 Estimated Valuation $478,000 Est. Value/s.f. $777.23/s.f. LTV on Est. Value 50.21% Loan Type Cash-Out Refi Amortization 30 Year amort/due in 2 years Prepay Penalty 6 months
Apple’s Siri on the iPhone amazes us all with her witty responses and incredible knowledge. IBM’s Watson Super Computer beat the best brains in the world at Jeopardy and is now tackling real world problems including medical diagnosis and underwriting. What do these machines have in common? They both learn from their mistakes. The promise…
With the Holidays around the corner and increasing tax burdens coming our way, it is a good time for Mortgage Brokers to contemplate ways to earn additional income. A proven method to increase income is to monetize existing leads. Turn a “No” into a “Yes”. Take a Bank (conventional lender) turndown and convert that lead…
How do Hard Money loans give opportunity to borrowers? I attended a breakfast meeting with Terry Donahue, former illustrious UCLA Head Football Coach, and he mentioned “Life is About Opportunity”. Terry currently give’s high school football players opportunity to receive a college football scholarship at his California Showcase. (http://cashowcase.org) In 2012 450 player athletes…
Multi- Family Rental Purchase Loan Funded in the amount of $138,000 in Taft, CA Download Full Summary Property / Loan Information Property Type Multi-Family 5 Unit Lien Position 1st Trust Deed Loan Amount $138,000 BPO Valuation $195,804 BPO/s.f. $48.95/s.f. LTV on Purch Price 62.72% Loan Type Rental Purchase Amortization 30 Year amort/due in 2 years…
Funded – Cash Out Refinance in Inglewood, CA. Duplex Property – Rehab, Cash Out Refinance Loan. 60% LTV, Note Rate 11.5%, First Trust Deed, Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $225,000 Est Valuation $375,000 Actual Rent $2,70 Interest Rate 11.50% LTV on Est Value 60.00%…
The nature of Fractional Trust Deed Investing creates the opportunity and the benefits of collaborative underwriting Ken Blanchard, the famous Author of the “One Minute Manager” mentioned that his favorite saying is, “None of Us is as Smart as All of Us”. I completely agree with this humble approach to business and believe that…
It’s been five years since Wall Street crashed and the financial crisis broke across the country. Many people lost their homes, their savings or their jobs. Financial plans were shredded. College funds and retirement accounts were drained. The economy has been slowly recovering over the past few years. The stock market is at new highs…
Sandy MacDougall is quoted in the OC Register Article “Homes sellers turn to private deals”…. see attached article on private real estate listings! Download OC Register Article 10-6-13 Home sellers turn to Private Deals
One of the many things I enjoy about the Real Estate business is that each property and loan scenario is unique. Real Estate is not a commodity as every property and borrower has different characteristics that impact value. A personal or trusted associate property visit before making a hard money loan always provides useful underwriting…
4 Steps to Qualify for a Hard Money Loan Many top Mortgage Brokers that specialize in conventional lending refer quality Hard Money Loan opportunities to a Hard Money Lender. How does a Conventional Mortgage Broker know if they have a good hard money loan opportunity? Follow these 4 steps for qualifying a Hard Money…
Loan Amount: $250,000
As Is Valuation: $1,150,000
What are the important factors when choosing a hard money lender? Mortgage Brokers, Real Estate Investors and Borrowers should consider 7 factors when choosing their Hard Money Lender (HML): Experienced – Make sure the HML is specialized in private/hard money lending. There are increasingly complex origination, servicing and investor relations regulations that need to…
Hard Money Loan Servicing can determine the success of your Trust Deed Investment. Yes, the many factors involved with servicing a loan correctly can highly influence the ultimate yield. This Blog will describe 10 Best Practices for Hard Money Loan and Trust Deed Investment Servicers. Whether a Lender is a Master Servicer with an…
So what will become of our long-awaited housing boom? Are higher rates going to douse the housing recovery? The chart above and the reasons below tell me that prices for Single Family Homes have room to run in California. The basic premise on this graph is that while prices have risen recently in these…
loan amount: $300,000
Yield:
Loan Amount: $549,600
Yield:
The most painful issue in the mortgage process is cost, according to 66% of the consumers polled by Carlisle and Gallagher. More than half (56%) of those polled blame slow execution as one of the most frustrating aspects of the mortgage process. More than 30% said difficult communications and the inability to track the…
At Mortgage Vintage, Inc., we strive to make others successful . We want our innovation and refined origination process to transform our customers into something else; something more successful. Read more about it here: Download Making others Successful
7 key steps a borrower or a mortgage broker will need to ensure a Hard Money Loan approval. Millions in Private Capital sits on the sidelines waiting to invest in secured and well underwritten Trust Deed Investments. These are the 7 key steps a borrower or a mortgage broker will need to ensure a…
Loan Amount: $132,000
Yield:
10 steps to find a Fix and Flip hard money loan Many real estate investors are enjoy buying, fixing and flipping single family residential real estate. Smart investors are taking advantage of these favorable market conditions to buy more homes using hard money loans. Hard money loans can provide leverage to stretch the investor’s…
Why Focus on Hard Money Lending as opposed to other types of loans? When I first entered the Real Estate Business with Coldwell Banker Commercial (CB) in 1989, I heard a saying about focus that I still apply to our business today. “It’s Better to Be an Inch Wide and a Mile Deep…
Cloud computing is the use of computing resources (hardware and software) that are delivered as a service over a network (typically the Internet). End users, like Hard Money Lenders (HML), access cloud based applications through a web browser or a mobile application while the software and users’ data are stored on servers at a…
Winston Churchill, one of the most famous Statesmen of all time who led England during World War II, once said “All Great Things are Made Simple”. During the Wars darkest days, Churchill successfully motivated the British Empire to fight vigorously and courageously through his succinct messaging and prose. Former Apple CEO and famous Entrepreneur…
Orange, CA Download Full Summary Property / Loan Information Property Type SFR (Cash-Out Refi) Lien Position 2nd Trust Deed Loan Amount $75,000 As Is Valuation $640,000 Appraisal/s.f. $259/s.f. Combined LTV 60.63% Loan Type Cash-Out Refinance Amortization 40 Year amort/due in 2 years Prepay Penalty 6 months
Which is the better investment: A Trust Deed Portfolio or a Mortgage Fund that invests in Trust Deeds? You have probably already figured out that you should add non-correlated Alternative Investment, current income producing Trust Deeds to your investment portfolio to be truly diversified and protected from the volatile world of Stocks and Bonds. This…