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How do HMLs compare to a traditional non-owner occupied investor loan?

April 26, 2017compare hmls investor loan non-owner occupied traditional

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How do HMLs compare to a traditional non-owner occupied investor loan?

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You might be surprised how competitive HMLs really are. Take a look at this comparison; Comparison Matrix DHLC’s Hard Money Tradtional Lender/Mortg. Co. Time to Close 1 – 2 weeks 4- 6 weeks Monthly Payment ($100k loan) $1166.66 @ 14% I/O $1098.00 @ 7% + MI Credit Qualifications None – 65% of ARV Yes – Varies Cost to Obtain Loan 4% – 5% 3% – 6%(Incl. Orig. Fees & SRP) Pre-Payment Yes – 3 mo.