Mortgage Vintage, Inc. provides a range of private money lending solutions for borrowers who face unique challenges that make conventional loans undesirable or unfeasible.
Rapid Funding Required: Private Money is particularly valuable in situations requiring rapid funding, as Mortgage Vintage can fund real estate transactions in as little as 5-7 days and deliver loan term sheets in 24 hours or less. This speed is a significant advantage in time-sensitive real estate markets and transactions.
Self Employed Individuals: Private Money Lenders cater to self-employed individuals who may not report substantial income on their tax returns, making it difficult for them to secure traditional financing. By not requiring income verification or tax returns, Mortgage Vintage opens opportunities for these borrowers to access needed funds.
Property Condition: Properties that do not qualify for conventional financing due to their condition can find financing through Mortgage Vintage. For example, conventional lenders typically will not finance residential properties that need a new roof. This flexibility to finance distressed properties extends the types of properties that business purpose borrowers can purchase for their investment.
Life Events: Life events such as job loss, divorce, or the death of a family member can impact a person’s financial stability and Credit Score. Mortgage Vintage recognizes these challenges and offers loan options to help borrowers navigate through these difficult times. They also provide solutions for borrowers whose debt-to-income ratios do not meet conventional loan requirements.
Loan Duration: Short-term loans are another area of expertise for Mortgage Vintage. They can structure bridge loans ranging from 6 months to 3 years, catering to borrowers who need temporary financial solutions. This duration flexibility is particularly useful for those dealing with credit issues stemming from foreclosure, short sales, or major life events.
Buy Outs: In cases of divorce or partnership dissolution, Mortgage Vintage offers loans to help one party buy out the other, providing a financial solution to what can be a challenging situation.
Bridge Loans: Many real estate purchase or refinance scenarios are transactions where the property requires investment and rehab funds to move the property from one stage to another. “Fix and Flip” is one scenario where a real estate investor prefers a bridge loan vs a 30 year loan with a punitive 1-5 year pre-payment penalty.
ADU Loans: Private Money Loans are ideal for Owners or investors seeking funds to build one or multiple Accessory Dwelling Units (ADU’s) on their property. Typically, the borrower requires construction funds to build the additional units and then can pursue long term financing once the construction is complete, rental income stabilized the resulting property value enhanced.
Overall, Mortgage Vintage, Inc. fills a crucial gap in the lending market by providing flexible, quick, and responsive loan solutions for a variety of unique and challenging borrower scenarios. Their equity-driven underwriting principles and willingness to work with unique real estate investment scenarios make Mortgage Vintage a valuable resource for many borrowers who would otherwise be unable to secure the real estate financing they need.
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