My Loan Closed Today, Inc.

My Loan Closed Today, Inc. can assist you in obtaing Hard Money loans for your Michigan investment properties.

CRITERIA:

• Up to 55% After Repaired Value - this includes the purchase, rehab money, and closing costs. Higher LTV once a relationship is built.
• Brick Homes Only
• 620 FICO
• Full Doc - 1003, need 2 years tax returns or W-2's, last 2 paystubs (if available)
• Lender will order appraisal - $325 at time of appraisal
• Lender will order title

• Hard Money loans can only be used to purchase INVESTMENT PROPERTIES - 1 - 4 Units.
• When applying, we will approve you for the end loan to refinance out at the end of loan terms.
• Can usually in 2 weeks once all docs are received and appraisal complete.
• Payments are interest only. They can be rolled in to loan.
• 3 - 4 Draws
• Lender does require $500 -1500 of  your own money to be brough in to close loan.