Alternative Lending Programs Remain an Essential Part of the American Dream According to a Hard Money Calculator Monthly Survey, Reports Alternative Lending Magazine.

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Strengthened by a booming hard money market, borrowers have an optimistic outlook towards bad credit sub-prime hard money loans

In a recent Hard Money Calculator survey of 800 sub-prime borrowers conducted online, 64% believe that alternative lending programs such as hard money loans, private money and trust deed investors remain an essential part of the American dream. Astonishingly, 91% remain confident that if they wished to purchase a new home they would be able to obtain an alternative mortgage and afford a down payment despite the high interest rate and fees.

Of those surveyed, slightly more than 55% believe the hard money market will take 12 months or less to bring rates down to single digits and only 9% are willing to wait because of a weak housing market and great housing deals available.

Hard money non qualified loans have sparked buying from borrowers who would not qualify for regular traditional bank loans. With home prices affordable, and a recovering housing market the unique window of opportunity for potential sub-prime borrowers to receive 70% Loan to Value loans is now a norm.

Consumer confidence is even stronger when it comes to hard money home loan refinancing with 94% of those surveyed being confident that if they had a current private note that has come due they will be able to refinance their mortgage with only 6% being uncertain. One in four surveyed had already refinanced their current private money mortgage, 32% still plan to do so in the next 12 months.

800 borrowers shared their views on the survey about the hard money mortgage market. The monthly survey was conducted through email questionnaires. The survey was conducted online and anonymously. The margin of error is +/- 9.0% . 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.

Hard Money Calculator is the nation's only online source for competitive hard money loan offers. The proprietary system empowers consumers through an online hard money loan marketplace which connects borrowers, brokers or realtors to 362 direct lenders that all compete for the hard money loan business. With the most Hard money online tools and resources to help consumers find the best non-prime loans; Hard Money Calculator is the only place to find the lowest rates and the highest loan to values in each and every local market. is averaging around 104 new funding program matches a week.

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.

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Arthur Levinson
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