I'm going to give a simpler answer than some of the others, although somewhat more limited: the
complicated loan parameters you describe benefit the lender.
Second mortgage programs have had been underwriting changes with their guidelines in recent months, so it is important to speak with an experienced loan officer
regarding loan parameters.
Alta Equities has
various loan parameters that focus on funding your property, which is auspicious for the newbie and professionals alike.
With traditional lenders limited to
strict loan parameters, Socotra Capital is the top Private Money Lender in the market, focusing on equity over borrower financials.
Lenders, like AHC Lending, allow you to input
your loan parameters into their websites, which, generally, calculates an accurate APR..
«Set up a repayment system outside of
the loan parameters, where you pay the official loan and the defaulter pays you as they can,» says Ferrandi.