Hard Money Loans: Mortgage Brokers
Let Us Serve Your Home Loan Needs
Topanga, Calabasas, Woodland Hils
and the Greater Los Angeles Area
Mortgage lenders are primarily concerned with your ability to repay the loan. They’ll consider your credit history, monthly gross income and how much cash you’ll be able to accumulate for a down payment.
So how much house can you afford? To know that, you need to understand a concept called “debt-to-income (DTI) ratios.” The DTI is the percentage of your gross monthly income that goes to paying monthly debt. Generally, 43% is the highest DTI ratio a borrower can have and still qualify for a mortgage, but lenders prefer 36%, with no more than 28% going toward a mortgage or rent payment.
Bankers Group provides a full range of options to our clients.
Who are hard money home loans ideal for?
Hard money real estate loans are ideal for borrowers who are unable to obtain funding through a conventional source.
Bad credit lenders often provide construction loans, real estate loans, bridge loans and home mortgage loans and commercial real estate loans more rapidly than traditional mortgage lenders.
Mortgage loans that are made to borrowers who have significantly adverse credit are hard money loans. Such loans usually are made by funding companies or private investors. A hard money loan can be a non-conventional real estate loan based on real estate equity thereby side-stepping a major part of the verification a Federally-insured bank requires to lend the same amount of money. Hard money loans are collateralized by real estate, have higher interest rates and lower LTV’s (loan-to-value ratios) and are common because the lender is not backed by a government institution, unlike mortgages given by banks.
If you have a legitimate need and sufficient equity in your property we can help you. We respond to hard money loan requests with integrity and in a timely and professional manner.
When time is of the essence, we can move quickly to meet your time frame. We are a no nonsense, no frills, get it done company, offering every type of option you may require.
Contact Us Today
CalBRE Lic #01233829
NMLS Bankers Group ID #294230
(B&P 10140.6(b); Regulation 2773)
Bankers Group is located at 5311 Topanga Canyon Blvd. Suite 201 Woodland Hills, CA 91364.
Bankers Group works with homebuyers on conventional home loans in Topanga, Woodland Hills, Calabasas, Malibu, Pacific Palisades, Santa Monica, Venice, Brentwood, Westwood, Bel Air, Beverly Hills, West Hollywood, North Hollywood, Valley Village, Encino, Van Nuys, Sherman Oaks, Reseda, West Hills, Canoga Park, Chatsworth, Agoura Hills, Thousand Oaks, Sylmar, Oxnard and the greater Los Angeles area.