Massachusetts rental property loan

Typically, private mortgage interest rates can range from 7.5% to 10.95%, but it's depending on certain criteria such as credit score, experience and demography. The specific interest rate will depend on factors such as the loan-to-value ratio, the property's condition, and the borrower's experience and financial stability. Additionally, the duration of the loan can also impact the interest rate. Bridge loans, which are usually used for short-term real estate investments or fix-and-flip projects, often have higher interest rates compared to long-term hard money loans.

You can definitely refinance loan as long as it meets seasoning requirements. Refinancing allows you to replace your existing loan with a new one, often with better terms and lower interest rates. It can be a smart move to consider, especially if you plan to hold onto the property for a longer period of time. When you refinance, you essentially pay off your current bridge loan.

Our loan extension policy helps our customers by giving them more time to repay their loan if they need it. We know that unexpected things can happen, and it can be hard to pay back the loan on time. That's why we offer the option to extend the loan term without any extra stress or fees. To request a loan extension, simply reach out to our customer service team either by phone or through our online portal. Our friendly representatives will guide you through the process and assess your situation to determine the best solution for you. We strive to make the extension process as smooth and hassle-free as possible, ensuring that you have the necessary time to manage your finances effectively.

Definitely! We happily accept new real estate investors with at least primary residence, no matter their experience. Our company believes in giving chances to those who want to enter the real estate investing world. We know everyone has to begin somewhere, and we're here to help and advise you throughout the process.Our team of experts is dedicated to helping beginners navigate the complexities of the real estate market. We offer comprehensive training programs that cover all aspects of real estate investing, from understanding market trends to analyzing potential properties. Our goal is to equip you with the knowledge and skills necessary to make informed investment decisions.

Our loan closing process is designed to be as efficient and streamlined as possible, ensuring that you receive the funds you need in a timely manner. We understand that time is of the essence when it comes to securing a loan, so we strive to close on loans as quickly as possible.To begin the process, we will gather all the necessary documentation from you, such as purchase and sales agreement, credit history, if your project contains a construction element, scope of work is required, and any other relevant financial information. Our team of experienced loan officers will then carefully review your application and documentation to ensure everything is in order for time loan underwriting and closing.