An offer to purchase as limited time left to close.
A property owner is trying to beat the clock on a foreclosure situation.
Funds are required to settle a debt or consolidate loans before some form of negative action is going to be take against the borrower.
Regardless of the reason, money is required through mortgage financing and it needs to be put into place as soon as possible.
This is where we come in.
If you’re really looking for a fast mortgage solution, then you have to consider a private mortgage financing option.
With a private mortgage, from the time of application to funding, we can get the whole process completed in 2 to 5 business days, which is about as fast as it gets for an amount of money greater than $5,000 in the open market.
And while a private mortgage lender is likely your best available option, this may not be very easy to arrange in the time you have for a number of reasons.
First of all, there are only a small percentage of private mortgage lenders that are prepared and willing to move this fast. If you don’t start with one of these select few, you have already wasted time and may not get a transaction completed before your deadline, especially if you have to try more than on lender.
Second, private lenders do not tend to openly advertise whether or not they provide fast turnaround so it can be guess work once again who you should be dealing with.
Third, even if the private lender can move quickly, does he or she work with a lawyer that is prepared to turn on a dime and complete what they have to do to make the process move quickly?
This is where its almost essential to be working with a private mortgage broker that has both experience and a track record in putting fast mortgage solutions in place.
A good private mortgage broker that has a focus in this area will qualify you on the phone and in many instances have a lender offer back to you in a matter of hours or at most the next day.
Private mortgage brokers that do these types of deals understand their lender’s criteria and appetite for not only the type of deal, but the speed for turning things around.
The key here is getting connected with the right type of private lender as quickly as possible and having an experienced private mortgage broker manage the process so that no time is wasted and a fast mortgage solution can be located and placed in the time required.
If you are looking for fast mortgage solutions, I suggest that you give me a call so I can quickly assess your situation and provide fast mortgage solutions for your immediate consideration.