Call Independent Lending 949.830.3151

A: Each month, the interest is added to your loan balance. You only repay the loan when you sell the house or when the loan becomes due (such as after you pass away).

A: Hard money is lending capital for alternative style mortgage loans. Catered to borrowers who don’t fit within the standard guidelines of conservative banks and credit unions. Also know as private money or asset-based lending, these programs are funded by individual or institutional private investor and are typically equity focused.

A: Yes, we do lend our own money on certain loans. If the loan does not fit within our acceptable parameters, we have relationships with vetted personal and institutional investors who we have been working with for many years that are eager to participate. 

A: We can fund in as little as 7 days however this is dependent primarily on title conditions and how fast we can obtain the appraisal report. This can fluctuate however the current average time to fund a hard money loan is 15 business days.

A: Some of the benefits of hard money compared to bank or credit union mortgage loans are:

– Faster application process
– No personal financials required such as tax returns, W-2’s or paystubs
– Recent derogatory housing events such as recent bankruptcy, short sale, loan mod or foreclosure possibly allowed
– All credit scores allowed
– Stronger purchasing power
– Faster funding, recording and disbursements

The approval process is much easier with a hard money loan because it’s primarily dependent on the equity position and location of the subject property.

A: To begin the process of obtaining your hard money loan you can call us direct at 949.216.3902 or toll free at 1.800.315.0043. You can also complete our Contact Form or fill out our secure Application Form.