How to Get a Mortgage When You’re Self-Employed

If you’re self-employed, you might have heard that it’s more difficult to get a mortgage. This unfortunately is true if you’re going the conventional route. Self-employed borrowers aren’t ideal to traditional lenders, because they lack the tax documentation and other standard proof of employment needed to show their income. For newer business owners especially, the…

Read More
How to Get Loans to Build New Construction Homes

For some, buying your dream home isn’t enough — you want to build it yourself. Or, you’re a developer building for real estate speculation and are unable to get a loan through traditional means. You likely have a lot of questions about how to get started, including how you’ll pay for the many expenses involved….

Read More
The Best Loans to Finance California Investment Properties

If you’re looking to invest in a property, or multiple properties, you have several loan options. But choosing the right type of loan can be confusing, and making the wrong choice can affect the fate of your investment. While the first loan type many think of is a conventional mortgage loan, this comes with many…

Read More
Who Should Use a Hard Money Loan Through a Private Money Lender?

A private money loan — also known as a hard money loan — is used when a traditional loan provided by a bank just won’t work. Funded by private lenders, these loans can be useful to all types of consumers and are commonly acquired by investors such as developers or house flippers. Why would you…

Read More
The Difference between Hard Money and Private Money Loans

There is no difference! Hard money and private money loans are interchangeable terms that reference real estate loans with private investors as the lender, instead of institutional banks. You can potentially get a hard / private money loan when you are unable to obtain institutional / conventional financing. Possible reasons to get private money include:…

Read More
When a 3rd Mortgage Hard Money Loan Makes Sense

When to obtain a 3rd mortgage hard money loan, it is vital to first understand its meaning. This type of mortgage is a lien on a property that goes subsequent / behind the current 1st mortgage and 2nd mortgage / heloc. A third mortgage may benefit you if you already have a 1st conventional mortgage…

Read More
Top 3 Mistakes When Applying for a Hard Money Loan

Applying for a hard money loan, especially for first-time borrowers, can be stressful and overwhelming. To help avoid possible errors, we’ve made a list of the top 3 mistakes: 1. No exit strategy Lenders want to know how you plan to repay the loan. Examples of exit strategies include: seasoned income, rental income, sell the…

Read More
Top 3 Benefits of Owner Occupied Hard Money Loans 

Both Consumer and Business Purpose Loans are Available Owner occupied hard money loans to purchase or refinance is a niche loan program not offered by all lenders. The benefit is that you now have access to money even though you can’t qualify through a bank or institutional lender. Owner occupied is when the borrower resides…

Read More
Why Do Top Brokers Work With Marquee Funding Group?

We Always Protect Broker Referrals There are a few reasons why several of the top mortgage brokers in the United States refer their “outside-the-box” hard money loans to Marquee. If you are a mortgage broker and need to find a direct hard money lender with over a century of combined experience, you’re in the right…

Read More
How Hard Money Lenders Qualify Self-Employed Borrowers 

Applying for a Conventional Mortgage  To purchase or refinance, self-employed borrowers might have an issue qualifying.  Lenders are required to document the borrower’s ability to repay through a formula called DTI ratio (debt-to-income). There are two forms of DTI: front-end and back-end. Front-end DTI equals PITI (principal, interest, taxes, and insurance) divided by gross monthly income. Back-end DTI equals PITI plus…

Read More