ASSET BASED LENDING SOLUTIONS FOR THE GREATER MALONE, FL AREA
Locally situated in Florida, HML Solutions is here to help investors in Malone, FL, with their hard money and bridge loans. Hard money and bridge financing offer an alternative to traditional bank loans. Hard money loans are available for short-term needs such as a new home purchase or construction loan. With a hard money loan, you get access to cash in as little as 24 hours, with rates typically 6.99% to 12.00%.
What We Offer
We offer hard money and bridge financing solutions for Malone, FL, residents with great rates available. In addition, we provide a simplified application process for hard money and bridge loans which takes around 20 minutes.
We also offer custom quotes to help you get an idea of your rates and how much funding you’ll need for the project. We provide excellent loan terms and interest rates for hard money loans to residential and commercial property owners, as well as for first-time homebuyers.
The Difference Between Hard Money Loans and Bridge Loans
There are many different aspects to the difference between hard money loans and bridge financing. One of them is what happens when you sell your home.
With a traditional mortgage, if you sell your house, there are specific stipulations that you should meet for you to get the total value of your property back out: First, you need to sell your house for the full value of the mortgage. If you don’t, then you’re going to have a shortfall in what you owe on loan. Second, if you want all cash out at closing, more steps must meet such as home inspection and appraisal requirements. Third, you’re going to need a mortgage broker on your side who can find the right lender for this type of loan and negotiate with them also.
With hard money loans in Malone, FL, it’s a little different because these are typically just short-term bridge financing solutions that will require either all cash at closing or some form of equity. However, the hard money lender will do their best to get you the most for your house, and they don’t have all these requirements that traditional mortgages do, which is why it’s so appealing to short-term sellers or those looking at flipping a property.
Hard money loans are usually financed by private lenders while bridge loans are usually from banks. Bridge loans are the primary option for homeowners looking to sell their current home and purchase a new one.
Contact HML Solutions Today
If you think a hard money loan or bridge loan is the right tool to help you move forward with your home or business, HML Solutions is here to help. We understand your time is valuable, which is why HML Solutions has a quick application form, that takes less than 20 minutes. Or, if you’d like, you can also call us at (855) 244-2220 and talk to one of our helpful staff for any questions you have.
Note: All submitted information is kept in strict confidence and used solely for the purpose of obtaining a hard money loan and/or bridge loan. We do not share your information with any third parties without your consent.