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Why Hard Money

Why Hard Money

The need for someone to use a Hard Money Loan is based quick funding without the numerous documentation requirements of a traditional lender.

Hard Money Loans are based on SKIN IN THE GAME.

Since our loans are Equity Based, your credit score, adjusted gross income and employment history are not deciding factors in qualifying.  How much equity you have or will have in the property is the most important factor.

Here at First Security Mortgage, we can provide you with a detailed Loan Proposal within 30 minutes and we only need the general terms of the transaction. We do not need any personal information such as Social Security Numbers, Date of Birth, Employment Information, Income and Debt to provide your detailed Loan Proposal!

Private money loans are meant to close fast and without the hassle!

Our loans are for a minimum of 7 years with No Pre-Payment Penalties, so they can be paid off at any time with no penalties!

Simply put, Hard Money is quick access to funding with rates starting as low as 7.99 %

First Security Mortgage will never sell your loan, all payments are made locally at our office in Sorrento Valley, California.

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