All Forum Posts by: Ebonne Davis
Ebonne Davis has started 0 posts and replied 7 times.
"Yes. We will refinance a property if the following criteria apply: - You purchased a property at a tax sale, foreclosure sale, or in another situation where you had to use your cash to make the purchase. We are happy to refinance so you can get your capital back in your hands. In doing so, we will lend on the same loan-to-value (LTV) as any other loan or on your acquisition price, whichever is less. For the following twelve month period, we will use the lesser value of either the acquisition price or loan-to-value (LTV).
- If you own a property (either free and clear or otherwise), we will lend on the same loan-to-value (LTV) as any other loan or on your acquisition price, whichever is less. For the following twelve month period, we will use the lesser value of either the acquisition price or loan-to-value (LTV). If you acquired the property over twelve months ago, we will reduce the loan amount.
We will perform a close inspection of this property. If we are also paying off a traditional lender at a lower rate, we will be looking very closely as to your purpose in doing this. We will need to know the reason behind doing a refinance and the details on your existing first loan."
I hope this answered your question :)
Have a great day!!
Originally posted by @Stephanie P.:
Originally posted by @Nicholas Middleton:
Does Do Hard Money have any refinance options into a conventional mortgage once rehab is done?
No
I believe something is better than nothing,
just my opinion. I'm currently working with DHM, and I have no complaints thus far!
Originally posted by @Earl Batiste:
no luck with do hard money, they want to much of the pie. You will go hungry and homeless messing with that company
Post: My Do Hard Money Experience
- YORK, PA/DMV
- Posts 7
- Votes 17
@jacque Fairbourn
I am in the process of closing my 1st deal on our first flip property. I can only say the best things thus far of DHM. With every concern, question, uncertainty they have been right there to walk me through and get me over the tight rope. I would hope they speak so highly of me... lol. I can be a hand ful!
My application process went smooth and yes we paid the sign up fee for the 100% financing,
Yes we have an adviser,
Yes we have a project manager.
Yes we have access to 3 deals at a time,
Yes the 1st evaluation is free and we have to pay for the others, I made sure to ask every question there is. And I am still finding questions to ask.
All I can say if you're afraid to spend some money and Jump, DHM and or any other HM lender private financing may not be for you. I appreciate a company taking a chance on us. And in the end we are all making some money!
The motto is find a great deal.... A great deal is not just what the profit is, but all of the cost included. I located a property in Balto, MD- 21215 through my realtor, I offered less than asking, asking price was 75k I contracted it for 68k, paid 1k EMD, needs a complete reno budget is 30k. I determined ARV was 178k, evaluators came out and estimated 189-190k(winning)!! No payments for 5 months
Property evaluation APPROVED!
Its all in the numbers,
Getting into Investing I've learned so much from DHM in the last 30 days.
Numbers don't lie people do......
My husband and I are waiting for our final step to process. tentative closing date 09/24/18
I will keep you guys updated!
"the individual who say's it is not possible should move out of the way of those doing it"~ Tricia Cunningham
Post: My Do Hard Money Experience
- YORK, PA/DMV
- Posts 7
- Votes 17
Post: My Do Hard Money Experience
- YORK, PA/DMV
- Posts 7
- Votes 17
@Jacque Fairbourn
@Errol st Marthe
I am in the process of closing my 1st deal on our first flip property. I can only say the best things thus far of DHM. With every concern, question, uncertainty they have been right there to walk me through and get me over the tight rope. I would hope they speak so highly of me... lol. I can be a hand ful!
My application process went smooth and yes we paid the sign up fee for the 100% financing,
Yes we have an adviser,
Yes we have a project manager.
Yes we have access to 3 deals at a time,
Yes the 1st evaluation is free and we have to pay for the others, I made sure to ask every question there is. And I am still finding questions to ask.
All I can say if you're afraid to spend some money and Jump, DHM and or any other HM lender private financing may not be for you. I appreciate a company taking a chance on us. And in the end we are all making some money!
The motto is find a great deal.... A great deal is not just what the profit is, but all of the cost included. I located a property in Balto, MD- 21215 through my realtor, I offered less than asking, asking price was 75k I contracted it for 68k, paid 1k EMD, needs a complete reno budget is 30k. I determined ARV was 178k, evaluators came out and estimated 189-190k(winning)!! No payments for 5 months
Property evaluation APPROVED!
Its all in the numbers,
Getting into Investing I've learned so much from DHM in the last 30 days.
Numbers don't lie people do......
My husband and I are waiting for our final step to process. tentative closing date 09/24/18
I will keep you guys updated!
"the individual who say's it is not possible should move out of the way of those doing it"~ Tricia Cunningham