Borrowers can now go direct to request and compare loan offers from competing hard money lenders. Best rates happen when lenders compete.
Palo Alto, CA (PRWEB) April 04, 2013
Alternative Lending Magazine, the nation's leading online source for the alternative lending industry, and hard money competitive loan matching, today announced the launch of HardMoneyCalculator.com, an advanced third generation hard money loan marketplace, designed specifically for non prime consumers, direct lenders, realtors and brokers.
With Hard Money Calculator, consumers can access a real-time, proprietary mortgage shopping experience by comparing real hard money loan offers made specifically by a local direct hard money lender. The system will generate loan product details, costs, and rates based on their individual hard money situation. The system will run real-time analytic data on local property hard money risk assessments, allowing individualized pricing based on exposure risk in the property rather than the credit rating of the borrower. After reviewing offers from direct lenders,hard money lenders, private money lenders, trust deed groups, individual local trust deed investors, mortgage pools, hard money funds, wholesale lenders and more, borrowers will connect with the lenders that best match their needs through a direct call or email from that chosen lender.
HardMoneyCalculator.com is averaging around 51 new search verifications every day.
AlternativeLendingMagazine.com is an expert in the field of funding programs and with 5,112 verified funding programs represented by over 392 direct lenders, the free service for Real Estate Professionals, or the actual borrower is the best on the web. The mainstream popularity of alternative lending and alternative money loans is growing daily as rates push down and Loan to Value pushes up.
All Program Match data is compiled through the use of accurate, real-time, internet-based data collected from housing funding sales trends and lender behaviors such as recorded deeds and final closing statements.
Alternative Lending Magazine is the unconventional guide to the unconventional lending market. This cutting edge interactive monthly magazine that empowers actual funding through program matching rather than lender listing uses a proprietary technology system with an automated underwriting process that evaluates consumers' unique non-conventional loan request and their capacity to afford it. The proprietary decision-making technology is based on program matching, property eligibility, underwriting, ability to pay review, lender analytics, strategy and loan scenario modeling. The system will match the actual program that will fund a loan rather than give a list of numbers to call.
To find out more or become a regular subscriber please visit AlternativeLendingMagazine.com.