Private Loans Brazington Mortgage

Private Money Lenders are looking for applicants with the ability and character to repay the loan, together with satisfactory real estate collateral to pledge as security.  Brazington Mortgage, LLC originates many loans to applicant’s with far less than satisfactory credit. in consideration of underwriting your character and capacity, you get a lower rate of interest, lower closing costs and longer terms than hard money lenders offer. Brazington Mortgage originates Private Money Loans, which are similar to a Hard Money Loan.

A hard money loan is asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Brazington Mortgage, LLC has modified the hard money loan to include underwriting the applicants’ income, credit, collateral and exit strategy. Borrowers with better credit get lower interest rates than borrowers with unsatisfactory credit. Our lenders are not asset-only-based lenders. We like to call our investors, “PRIVATE MONEY LENDERS”. We underwrite your ability to repay, your credit  and your exit strategy, in consideration of better loan terms for you.

Typically, the maximum loan-to-value ratio is 60-65%, but is often much lower. Brazington Mortgage, LLC offers lower interest rates to applicants with lower loan to value ratios. As a result, the borrower benefits from keeping the loan to value lower. The lender benefits with less risk. That’s a win-win situation.