Hard Money Calculator new programs allow No wait and No doc for borrowers with BK or foreclosure to buy new property
Palo Alto, CA (PRWEB) April 24, 2013
Hard money loans have become the go-to solution for all sub-prime borrowers, including those with the feared BK and foreclosure. Since buying a house can be difficult during or immediately after completing a BK filing or foreclosure, hardmoneycalculator.com and it's private hard money lender partners have established a new easy qualification program which offers no waiting period and no doc style loan eligibility.
Currently borrowers in BK or foreclosure cannot qualify for any conventional loan.
Post-bankruptcy, applicants must typically wait before qualifying for a loan. If you file a Chapter 7, the waiting period after its discharge or dismissal is generally two years for government loans and four years for conventional loans. If you file Chapter 13 and apply for a conventional loan, the waiting period is two years from the discharge date.
Hard Money Calculator's new program will allow borrowers with BK or foreclosure to qualify for loans without penalty or price adjustment. Typical these programs can fund a new transaction in 7-10 days.
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.
HardMoneyCalculator.com 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.
To find out more or become a regular subscriber please visit AlternativeLendingMagazine.com.