If you’re planning to invest in real estate, renovate and resell a property, but can’t qualify for traditional financing, a hard money loan can be a practical alternative.
Private investors or lenders offer hard money loans, which are short-term secured loans that use real estate or investment property as collateral. These loans are typically considered a last resort for those who don’t qualify for traditional financing. Hard money loans differ from conventional mortgages in several ways:
• They are used to purchase investment properties.
• Hard money loans can be approved in just a few days or weeks.
• They often have short repayment periods, ranging from 6 months to a few years.
• Interest rates on hard money loans range from 8% to 15%, which is higher than typical mortgage rates.
• Hard money loans may allow for interest-only payments.
• It is easier to qualify for a hard money loan due to less stringent credit requirements and faster approval times.
• Hard money lenders review your credit history, proof of income, and real estate investing experience to approve a loan.
• Hard money loans to stop foreclosure help homeowners pay overdue mortgage balances and prevent property loss.
If you are in Florida and looking for a solution to meet your needs, connect with the lenders at Stop Mortgage Foreclosure. Whether you are a real estate investor seeking to maximise your income or a homeowner trying to avoid foreclosure, we offer unique solutions tailored to your situation. As local lenders, we make decisions quickly. We have access to more capital than banks or other traditional lenders, allowing us to offer larger loans with higher interest rates.
Our lenders provide flexible loan options to meet your requirements. Our financial advisors assess your options to help you make informed decisions. We offer refinance loans through private lenders without charging any fees. To qualify for a hard money loan to stop foreclosure, we require an LTV of 60% or lower. The property must be an investment or owner-occupied home; with at least 40% equity, we approve loans starting at $100,000.
Let us help ease the burden and stress of foreclosure. Call us to schedule an appointment today.

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