Sandy MacDougall
President and Founder

 

Mortgage Vintage, Inc.
 260 Newport Ctr. Ste 403
Newport Beach, CA 92660
(949) 632-6145

www.mortgagevintage.com sandy@mortgagevintage.com
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Best Practices at Mortgage Vintage, Inc.
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Private Money Newsletter  for Brokers
The late John Wooden said "Be Quick but Don't Hurry."  While Mr. Wooden was relating to his basketball players, we apply this same philosophy to our Private Money Lending business.   Experience, resources, systems, workflow, dedication, staff, contacts, and service providers all make a difference in how quickly and efficiently a lender operates.   
  
In this month's article below on Fast-Fast- Faster you will understand some of the ways our private money lending platform operates, why we are quick but not hurrying, and how this speed can benefit you as a mortgage broker.  
  
 ~ Sandy MacDougall

Recent Fast Transaction: Fix and Rent Loan  

Address: Indio, CA 

Property Type: Non Owner Occ

Loan Type: Fix and Rent 

Loan Amt: $100,000 

Loan Term: 30 yr amort/
due in 12 months

Rate: 11.50%

Total Points: 4.00

Funding Time: 5 days
LTV on Purchase Price: 83.33%
 

For more information on this transaction - click here
To see other recent transactions click here or Like us on Like us on Facebook
Recent Fast Transaction: Fix and Flip Loan  

Address: San Diego, CA

Property Type: Non Owner Occ

Loan Type: Fix and Flip

Loan Amt: $543,900

Loan Term: 40 yr amort/
due in 12 months

Rate: 11.00%

Lender Points: 2.00 

Funding Time: 3 days 

LTV on Purchase Price: 74.00%


 

For more information on this transaction - click here
To see other recent transactions click here or Like us on Like us on Facebook
Fast- Fast- Faster
Whether the loan is to purchase a Short Sale, REO, or when a conventional loan has fallen out of Escrow, a fast and efficient hard money loan process is critical to closing a successful loan.  

 

Throughout the entire loan process we utilize various technologies to ensure a fast loan process.  To name a few:

  • Loan Origination Systems
  • Cloud Technology for Document Preparation
  • Online Title and Escrow Processing
  • Email, phone, web and fax for Same Day Information
  • E signatures 

 

If you want to stay current with interesting Investment topics - connect with our "So. Cal. Trust Deed Investment Group" on Linked In    View our profile on LinkedIn