Get a Quick-Approved Oregon Private Money Loan
The real estate scene is constantly evolving. After riding the wave of historically low interest rates, today’s buyers and sellers today are feeling the impact of higher borrowing costs.
While a 30-year-fixed mortgage rate today is relatively average compared with housing industry trends of the past 40 years, real estate investors are navigating a challenging combination of higher interest rates, limited housing inventory, and rising inflation.
So, how do high interest rates affect the housing market and your real estate investment plans?
Short-Term Hard Money Loans Provide Fast Financing
When interest rates skyrocket, it can put a kink in investment plans. Big banks often see a decline in mortgage applications and approvals when rates increase. Traditional loans are approved based on factors like credit scores and employment. If your hoped-for property purchase is no longer penciling out due to conventional loan requirements or your lender says no, don’t give up.
Hard money loans provide fast, flexible financing options and are an excellent resource when conventional lenders don’t come through. Interest rates on hard money loans are typically higher than bank loans. But private money lenders loan funds based on your available collateral – not your credit or employment history. Direct loan terms are customizable. And the streamlined approval process will put you ahead of the competition in today’s hot housing market.
If you are a real estate investor and interested in fixer-upper or rental properties, high interest rates on big bank mortgage loans do not have to deter you. Instead, talk to a private money lender about a flexible, short-term equity-based loan. You can have cash in hand within days.
We Make Equity Loans to Oregon Real Estate Investors
As a longtime trusted Oregon hard money lender we enjoy closely partnering with our clients. Gregory M. Russell has the experience and industry know-how to provide the financing you need for your next real estate project. We understand the ins and outs, the highs and lows of real estate. And our easy qualifying hard money loans help take the stress out of your investment experience. Call our team of experienced private lenders to learn more at 1-888-477-0444, or complete our simple online loan request form to get started NOW. We look forward to working with you!