Lower hard money rates mean sub-prime borrowers can maximize every investment dollar
Palo Alto, CA (PRWEB) April 11, 2013
Average hard money mortgage rates fell quarter-over-quarter according to the Hard Money Calculator Weekly Mortgage Rate Match System, which tracks the lowest and average hard money mortgage rates offered by private hard money lenders on the HardMoneyCalculator.com network.
On March 27, average home loan rates offered by HardMoneyCalculator.com network private lenders were 11.19% for 5-year fixed mortgages, 11.00% for 3-year fixed mortgages and 10.42% for 2 year fixed mortgages. Rates for 5-year hard money fixed loan and 3-year hard money fixed loan fell quarter over quarter by .375% respectively, while 2-year fixed rates were flat. Note comparisons are made on a general Loan to Value qualifier for each program.
All Hard Money Loan program rate 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. Lenders in the network include: hard money lenders, private money lenders, trust deed groups, individual local trust deed investors, mortgage pools, hard money funds, wholesale lenders and more alternative specific lenders.
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.