Private Money Cash Out Refinance in Florida

home in florida

A private money cash-out refinance in Florida is a mortgage made by private investors and lenders instead of traditional banks or credit unions. These private investors charge more on interest rates than banks but will overlook many credit issues banks will not. This allows the borrower or homeowner to pull the equity out of the home, condo, or land and get the cash they need.

Understanding Private/Hard Money Loans

Private Money mortgage is offered by private individuals or a group of individuals rather than a normal bank or credit union.

Private money has more flexibility and relaxed underwriting guidelines than banks because credit is not the issue. The main thing is how much equity is in the you're home, condo, land, or investment property.

What is a Private Money Cash Out Loan?

The loan allows the borrower to refinance and pull out cash above what they current owe and use the extra equity to get the cash they need.

How Do I Obtain a Private Money Loan?

You will call the private money mortgage company. They will take and application. Gather some information and then the private investor will go inspect your property.

The investor will meet you personally and see the condition of the home and how much value if they want to do the loan.

Gather some information such as income, tax returns, and other items. Then they will order title and see if your title is clear and the appraisal. The timeline on this is about two weeks. Then if everything is fine you will get a clear to close.

Advantages of a Private Money Loan

  1. It's easy
  2. It's fast and no bank hassles
  3. You're a self-employed borrower
  4. You have a lack of income
  5. If you have gaps in your employment, banks will not overlook
  6. You need to close fast not wait 30 to 45 days like a bank
  7. You have had a recent bankruptcy or foreclosure in the past
  8. Nobody will give you a chance because of your credit.

A private money loan is much easier than a bank loan, but you have more cost and a higher rate associated with a private loan. It is meant as a short-term loan while you work on your credit. Many people will try a private money loan because they own their home free and clear however because of credit issues they can't use their bank. they or equity rich but credit poor. They need to get a loan in two weeks or less for an emergency, purchase another home, renovations, home improvement, and debt consolidation. Maybe to pay off IRS liens or judgments. Whatever the reason you can pull the cash out you need.

tampa skyline at night with tampa convention center

Many commercial real estate properties benefit from private money because as a business owner, you depreciate everything and show a loss on your income. However, you might own your building and land outright. This is a great asset and allows you to access the equity in your business to expand or get additional capital.

So to recap the pros of a Private Money Loan:

  1. Speed: Private Money Lenders can move much faster than a bank. Typical closing times in two weeks or less.
  2. Quick Underwriting Times: Banks have very restrictive underwriting and the guidelines for private money are much less complicated.
  3. Fast Answers: Get approved on the spot if you are free and clear.

If you're looking to get money quickly, fast answers, and less restrictive loans, then a private money loan might be the answer to get the private money cashout in Florida.

Foreclosure Loan in Florida: A Step-by-Step Guide to Refinancing

home in florida

Life can throw unexpected financial challenges your way, and for some homeowners in Florida, facing foreclosure may become a reality. Whether it’s due to job loss, medical expenses, or other hardships, the pressure of losing your home can feel overwhelming. Fortunately, there are options available to help you get back on track and save your property. AHL Hard Money Network specializes in foreclosure bailout refinancing, offering an easy and straightforward path to securing a foreclosure loan in Florida.

Understanding Foreclosure Bailout Loans

A foreclosure bailout loan is designed to help homeowners who are behind on their mortgage payments and at risk of foreclosure. The goal of this loan is to pay off the delinquent mortgage and provide a fresh start, allowing you to keep your home. At AHL Hard Money Network, we focus on making the process as simple as possible, particularly with hard money or private money loans, which are the easiest and fastest loans to secure.

Our network of private investors is experienced in handling foreclosure situations and can tailor loans to meet your unique financial circumstances. This is especially critical for Florida residents, including those in the Tampa area, who may be struggling to navigate the complexities of foreclosure.

Options for Dealing with Foreclosure

When foreclosure looms, there are several ways you can deal with it:

Step-by-Step Guide to Applying for a Florida Foreclosure Bailout Loan

If you’re considering a foreclosure loan in Florida, particularly in the Tampa area, here’s a step-by-step guide to getting started:

1. Assess Your Situation

Determine how far behind you are on your mortgage and understand the terms of your foreclosure. This will help you figure out how much funding you need for the bailout.

2. Contact AHL Hard Money Network

Reach out to us, and we will connect you with one of our private investors who specializes in foreclosure bailout loans. With years of experience in the Florida market, especially Tampa, we can help you find the right loan option.

3. Review Loan Terms

Our private money loans are tailored to your specific needs. We’ll walk you through the terms, ensuring you understand the interest rates, repayment schedule, and any fees involved.

4. Submit the Necessary Documentation

To expedite the process, gather all relevant documents such as your mortgage statement, proof of income, and any foreclosure notices. This helps us determine how much you need and what your repayment capabilities are.

5. Close the Loan

Once the terms are agreed upon, we’ll move quickly to close the loan, allowing you to pay off your delinquent mortgage and avoid foreclosure. Hard money loans can often close in a matter of days, making them an ideal solution for time-sensitive situations.

Why Now is the Time to Act

The longer you wait to address a foreclosure, the fewer options you may have. AHL Hard Money Network offers fast, flexible foreclosure bailout loans to help Tampa and other Florida homeowners avoid foreclosure and regain control of their financial future. Our process is designed to be simple, efficient, and tailored to your needs, so don’t delay. If you’re facing foreclosure, now is the time to start the process.

Conclusion

Dealing with foreclosure is stressful, but you don’t have to face it alone. AHL Hard Money Network is here to help you navigate the complexities of securing a foreclosure loan in Florida. With the support of our experienced private investors, you can save your home and get back on solid financial ground. If you’re in the Tampa area or anywhere in Florida, contact us today at 813-368-9919 to explore your options and get started on your foreclosure bailout refinancing.

Self-Employed? Don't Let Your Dreams Be Derailed by Traditional Lending

self employed woman at desk looking at papers

Being your own boss comes with a lot of freedom and flexibility. But when it comes to securing a home loan in Florida, traditional lenders can throw a wrench in your plans. Their rigid income verification processes often overlook the realities of self-employment, leading to frustrating rejections.

Here at AHL Hard Money Network, we understand the unique challenges self-employed individuals face when it comes to financing a home. That's why we offer a faster and more flexible alternative: equity-based hard money and private money loans.

Why Traditional Lenders Struggle with Self-Employed Borrowers

Traditional lenders rely heavily on W-2s and paystubs to verify income. This system works well for salaried employees with consistent paychecks, but it fails to capture the full picture for self-employed individuals.

Your income might fluctuate throughout the year, and you may reinvest profits back into your business, leading to lower reported income. This can make you appear less qualified for a traditional mortgage, even if you have a solid track record and significant equity in your desired property.

Unlocking Your Homeownership Dreams with AHL Hard Money Network

At AHL, we take a different approach. We focus on the equity in your free and clear property, rather than solely on your tax returns. We understand that the value of your property and your proven ability to manage your finances are strong indicators of your ability to repay a loan.

Benefits of Using AHL for Your Home Loan

Take Control of Your Homeownership Journey

Don't let traditional lending roadblocks stand in the way of achieving your dream of homeownership. At AHL Hard Money Network, we offer a path specifically designed for self-employed individuals.

Ready to get started? Visit our website today and fill out our simple online form. A member of our experienced team will be happy to answer your questions and guide you through the process. You can also give us a call at 813-368-9919. We're here to help you turn your homeownership dreams into a reality.

Miami Hard Money Jumbo Refinance for Your Luxury Homes and Condos

Miami condo

Miami has over 6 million people and the number of luxury upscale owner-occupied homes and condos has increased dramatically over the last two years. The rise of the luxury condo market over 1 million to 5 million has increased by 30% in the last five years. The population in Miami is over 6 million and growing. It has been the hottest condo market in the country for several years. This gives rise to many loan opportunities to help clients who have less than perfect credit and need to refinance with bad credit but can't get a bank loan. Then a hard or private money loan might be the answer.

This has created a new bucket of high-end homeowners and borrowers who are self-employed and may show a loss in their business. 

What do you do in these circumstances? We have a great line of programs that can help a Florida self-employed borrower who owns a condo or high-end luxury home from 1 million to 6 million dollars.

How Do I Get a Miami Luxury Jumbo Home /Condo Loan

No matter what the reason, you will sit down with one of our hard money agents and they will spend time with the underwriter and design a special program tailored to meet your special financial needs. 

A jumbo loan is usually over $800,000, and in our case, it's a hard or private money loan based on the equity in your property. We do not care about credit because we use equity only. If you own a luxury condo in Miami, a waterfront condo in a high-end complex and the value is $1,000,000 to $5,000,000 and you are self-employed, we certainly have many programs that can help you get the cash out you need, help you pay for back property taxes, or maybe your condo or Miami owner occupied home is in foreclosure. 

Our hard money investor will:

The Miami condo jumbo market is still one of the hottest in the country with the amazing views and hot financial market.  N wonder there are so many borrowers who want to refinance and get cash out. If you're self employed and own an owne- occupied home or luxury condo and can't get a bank loan, you need to pull cash out of your Florida real estate and get the money you need asap. Please give our team a chance to help you refinance your Miami jumbo condo. We can get you an approval in the same day or within 36 hrs if you have the right equity.

Florida Hard and Private Money Debt Consolidation Loan

We have tons of clients that come to us with overwhelming debt many times paying 3,000, 5,000 up to 10,000 a month in credit card debt paying 15 to 20 percent. They have tons of equity in their home, condo, and investment property but bad credit and can’t qualify for a bank loan.

(more…)

Private Money Florida Debt Consolidation Loan

A Florida Hard Money Debt Consolidation loan is using a mortgage loan and paying off all your debt and only having one payment each month. You will use the equity in your primary residence and pay off all your credit card balances and make one single payment each month.

(more…)

5 Reasons to Get Cash Out in the New Year

Happy New Year! With a new year comes new responsibilities and opportunities, which include taking advantage of the myriad of ways to improve your finances. That’s A H L Hard Money Network’s specialty and we want to share with you some great ways to accomplish those objectives.

(more…)

Steps to Refinance Your Florida Investment Rental Property Made Easy

Millions of investors have been stuck with properties that are not making any income due to rent restrictions. Sadly this has hurt many Florida rental property owners as well as hurting their income. We are happy that our team at A H L Money Network has a line of programs offered by our hard and private money investors giving investors access to pull cash out of their Florida rental and income-producing properties. If you're a landlord in Florida and need a way to get cash out of your rental property, don't trust the banks. Give us a chance and let us fund your Florida cash out investment property loan today.
(more…)

Hard Money Loans, Low Credit Scores, and Some Answers for Both

There’s a significant lack of preparation in school regarding financial matters. The curriculum of many classes would benefit from lessons on balancing a checkbook, maintaining an adequate credit score, and learning how a mortgage works. While these topics might have been absent during your schooling, that doesn’t mean that you should remain unaware of them. At AHL Hard Money, we’re here to help.

(more…)

Condo Hard Money Refinance Loans

Florida is number one in the country with condo developments, condo sales, and certainly more people retire here than any other state. We have foreign nationals buying condos in Miami, Ft Lauderdale, Hollywood, West Palm Beach, Naples, and Sarasota, and condos as vacation and secondary homes in Orlando.  Condo sales have risen steadily over 20% with many gaining over 30% in equity values over the last few years. It's easy to see that the Florida condo market and townhome market that many borrowers have a need for capital and to pull funds out of their rising equity.  Let our private investors win your business and offer you the best hard equity loan on the market with lightning fast closing times and stress-free closings. No upfront fees to the borrower ever!
 
(more…)