Building Fortunes With Prodigy Commercial Lending
The current market has made it increasingly difficult for people to get approval for loans. Prodigy Commercial Lending has a solution for this problem. They have a system that focuses on hard money loans. This is known as equity financing. The loans here are based on equity that is within the home or property linked to credit-worthiness of the borrower. This form of lending does not affect the debt to income ratio of the borrower. This is the greatest advantage of equity financing.
Being a direct lending enterprise, they can make major decisions on their own without waiting for approval. This privilege has a significant advantage as it enables them to take care of various details that would otherwise lengthen the process. This, along with their merger with Texas Mortgage Pros has given them a great advantage.
It has enabled borrowers looking for home purchasing assistance to start and complete the whole process with one company, as opposed to filling out applications with a multitude of mortgage lenders. Making their loans easy to procure and quick to approve.
At Prodigy Commercial Lending they have their own systems of analyzing and assessing loans. From eligibility to risk assessment and financial conditions Prodigy lending are always seeking out the safest and most reasonable loan programs for their clients.
Their interest rates are gauged differently. The assessment and evaluation of an individual loan determines its interest rates and lenders fees. Some of the key factors taken into consideration during this process include:
- The type of property
- Terms of the loan
- Risk assessment
- Financial condition of the borrower
Prodigy Commercial Lending then reviews the appraisal and if found to be satisfactory, loans can be finalized. The funding of this loan can be done in as little as ten days. Hard money lenders get a leeway that allows them to take out six to eighteen-month loans.
The loan program and assessment are paramount. It helps the client make a sound financial decision in line with their situation. It also helps the firm determine if you are a suitable candidate for their services.
Although Prodigy Commercial Lending majors in equity financing, your credit score still plays a major role in the rates applicable to your loan.
The new merger with Texas Mortgage Loans has enabled them to extend their services to a number of fields. These include:
- Home Purchase Loans
- Home Refinance Loans
- Home Equity Loans
- Cash Out Home Loans
Prodigy Commercial Lending works closely with you in every step. They can work with loans of up to $5,000,000. They value their real estate agents to give you the best services.
For cash-out assistance, contact Prodigy Commercial Lending today!We service the following zip codes and surrounding areas:
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