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Applications All Loans Call Information Line 505-252-0016 on Questions About Any Product or Program _________________________________________________ Loans Nationwide & Offshore Getting funded for your financial needs can be a frustrating and time-consuming effort. After many years in the lending business, we know that finding the right funding source quickly can make the money search a pleasant and rewarding trip. Money may not be the most important thing in our lives, but most of us have found there is no suitable substitute. When you need it you need it! Generally if Money World Netowrk cannot fund the loan it cannot be funded! Don't waste time looking for those hard to do loans! We have the hard money plus a pool of conventional and private investors that have the money to meet your money needs USA & OFFSHORE!. We specialize in hard money loans. This is a commercial loan normally secured by real estate. Credit and financials are not usually considered-only the value of the security. If you feel your commercial loan project will support a higher interest rate then a quick hard money loan may be your solution. Don't waste time looking for these type loans; 100% hard money ltv, 75% hard money ltv, foreclosure bailout loans 75% ltv and higher these loans do not exist. Yes we offer hard money land loans and loans with fico 550 and 500 loans. Normally borrowers can get stated income and stated asset commercial loans for quick closing without all the bother of tons of paper work. Money World Network will process your funding request for Home loans, Commercial loans or Hard Money Loans. Funding may be by our own private investors, affiliate investors or by an investor from our data bank in the USA or Offshore. You do not have to pay advance loan fees. There may be processing fees in connection with your commercial loan-such as title search, credit, site inspections, etc.-depending upon the costs in making the loan. That will be determined upon review of your application. The type of loan will have different lending perimeters. Following descriptions and perimeters should help you identify the type loan you need; Commercial Hard Money Loans These
loans by
private investors are for borrowers who have no other
option. The borrower may have a commercial project
that needs an infusion of funding that is not available from
conventional sources because of credit, type of loan,
geographic or other situation. Hard money investors
generally consider only the value of the real estate and
offer a low loan to value (LTV) of 65% of appraisal value.
Don't waste time looking for these type loans; 100% hard
money ltv, 75% hard money ltv, foreclosure bailout
loans 75% ltv and higher these loans do not exist. These
loans are short term 12-36 months, with interest only
payment and loan amount will be in the range of $250,000 and
up. Hard money land loans included. Normal loan costs will be 11% to 15% with loan
points ranging from 2 to 6. You will need to show a
reasonable exit strategy from hard money loans. We do
these loans. Foreclosure Bailout Loans Foreclosure bailout loans are similar to hard money loans. Generally this will be an owner occupied home where hard times have fallen on the borrower and foreclosure is either near or a complaint has been filed. Normal loan perimeters are $150,000 minimum, 65% LTV, term can be up to 30 years with rate from 9% to 13% and 2 to 5 loan points. Don't waste time looking for these type loans; 100% hard money ltv, 75% hard money ltv, foreclosure bailout loans 75% ltv and higher these loans do not exist. Exit strategy is needed if loan is a short term interest only. Normally a FICO score is not a consideration. We do these loans. Sub prime Home Loans Sub prime loans for home purchase and refinance benefits those borrowers who have less than perfect credit for various reasons but are otherwise financially worthy to buy a home or refinance their home. Loan rates will be slightly higher than for perfect credit borrowers who get the prime rates. Yes we can do sub-prime 550 fico and 500 fico refinance or 500 fico purchase We do these loans and normally you will get about 80% ltv with these fico scores. Large Commercial Loans Large commercial loans normally run from $1,000,000 (one million) up to $100,000,000 (hundred million). Several lending factors come into play with these type loans. These factors include the financial strength of the borrower and the strength of the collateral (real estate). Generally rates and terms will be competitive. Often these projects will not find favor with conventional banks and will be ultimately financed by private investors. Seldom will you be able to 100% commercial loan financing. Loan to value (LTV) can run as high as 95% of appraisal value. We do these loans. Small Commercial Loans Small commercial loans could well be the backbone of the commercial lending profession since it is small business that drives the free enterprise system. Normally small commercial loans will be $1,000,000 (one million) or less with collateral ranging all the way from gas stations to funeral homes. Rates and terms permit borrowers with perfect credit and borrowers with less than perfect credit to get financed. Do not expect to find 95% ltv commercial loans. Loan to value (LTV) can run as high as 90% with most loans being funded at around 75% to 80%. We do these loans. Land-Acreage Loans When real estate is financed it all begins with land. So land and acreage play an important role in the real estate industry for developers and all type of builders and the construction industry. Land without an infrastructure will normally finance at a low loan to value (LTV) of 50% of appraisal value. Do not expect to find hard money land loans over 60% ltv. The hard money, bridge financing, short term investors come into to play in land financing. Rates will normally be similar to hard money funding. We do these loans. Mobile Home Loans Mobile home financing outside of dealer financing has been hard to find in some geographic areas. Loan performance has not had a good history as pertains to a mobile home with wheels attached. Obviously when the home is mobile-like an automobile it is moveable. Most ready financing for mobile homes today are the doublewides where the home has been permanently attached to the land and not easily moveable. Favorable financing is available for these homes more closely resembling site built homes. Money World offers mobile home financing in most states. Financing will range from 70% loan to value for older homes to 100% financing for permanently attached homes to borrowers having high FICO scores. Land-home financing is available. We do these loans. Affiliate
P.O.B. 68055,
Albuquerque, New Mexico, 87193
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