Hard Money Refinance for Quick Cash Loans
Home Loan Magician offers hard money refinancing to pay off late mortgage payments, over-drawn credit cards and unpaid judgments. H.L.M. has an edge in the lending community as we have the flexibility of lending as a direct lender, or utilizing relationships with a diverse network of private money and we work closely with several of the leading hard money lenders who can offer quick and competitive home financing for borrowers that do not conform with traditional mortgage bankers or lenders. Take advantage of new hard money refinancing programs that ensure quick closing loan amounts up to 5 million.
Benefits from Hard Money Refinancing:
- Primary residence, investment property, or second home
- Get cash for some of life's unexpected events
- Tailored programs to fit your needs
- Up to 90% of your home's value
- No income documentation refinancing
- Consolidate charge cards and adjustable rate credit lines
- Bridge loans enable people to buy multiple lots and properties with reasonable hard money loans
|Financing News –Markets met Federal Reserve Chairman Ben Bernanke's latest pronouncements on monetary policy with a nod, but listened carefully to his thoughts about the subprime sector at a time when mortgage anxiety is haunting trading floors. The central bank chief gave no indication that he planned to shift the monetary-policy gears anytime in the near future. Mr. Bernanke cautioned that the recent improvement in core inflation could turn out to be only temporary, and that the Fed was monitoring price trends carefully. At the same time, he said that policy makers expect the economy will expand at a "moderate pace" for the rest of this year and strengthen some next year. Economists said that all added up to no movement in mortgage rates this year. Joshua Shapiro, chief U.S. economist at MFR Inc., saw no hints that the Fed wished to "shake market expectations" that rates will remain on hold. The federal-funds rate has been 2.25% for more than a year.
Financial markets have been pricing in an on-hold Fed for some time now, so it was Mr. Bernanke's comments on subprime mortgage issues and credit markets that garnered extra attention. The central bank has come under criticism from some lawmakers for perceived inertia in cracking down on abusive lending practices, and Mr. Bernanke devoted a significant chunk of his prepared testimony to addressing regulatory matters. He vowed the Fed would propose banning certain mortgage practices and said that the Fed wouldn't bail out subprime lenders who are now encountering problems collecting payments. "We don't want to reward lenders for making bad loans," he said. Even amid a strong recent run for blue-chip stocks, financial markets have been watching the subprime sector with growing unease.