LOAN PROCESS

The Pre-approval process for obtaining a loan from us is:

1.                  Contact us by e-mail, fax or telephone.

2.                  Provide short application and information.

3.               If the project is within our scope

                    of lending, we will require a $50.00 

                    application and processing fee

                    and approval for us to obtain your 

                    credit report.            

4.                  If we feel that the project is something that

                    our investors will be interested in, you

                    will receive preliminary commitment, 

                    loan terms and fee and cost information.

If you approve preliminary commitment:

          1.     Fill out complete application

             2.     Supply requested documents and

                         information

             3.     Provide required fees and costs

          4.      Property will be appraised

             5.       Contingencies will need to be met

             6.       Sign and approve documents and final terms

What we look at:

1.       LTV

2.       Equity in the real property

3.                  Appraisal

4.                  Income

5.                  Credit History

6.                  Assets

7.                  Employment

8.       Debts

9.       Ability to pay the interest

10.     Exit Strategy (How you are going to pay the loan off.)

11.            Debts

We have no pre-set criteria.  We look at the loan as a whole package.  We need to be able to sell the loan to our private investors.  We and the investors need to feel comfortable and secure.  There needs to be equity in the property so that our investors will be protected and assured of receiving both their principal and interest and we also want to know that you have a secured interest in the property.  Credit rating is not all important as it is to a Bank or Mortgage Company, but we won't loan money to a chronic deadbeat or someone that is always behind on debt.  Most loan decisions are made based on purchase price and LTV. 

We don't do no-money down loans! 

You need to have equity in the property!

If you can supply the collateral (with equity) we can supply the loan!

If you have any questions, please contact us:

E-Mail:  EZHARDMONEY@AOL.COM