| HOME | HISTORY | OUR FRAMEWORK | FAQS |
DIRECT MORTGAGE LOAN COMPANY
Responsible acquisition and rehab lenders
Loan requirements | Basic loan info | Rehab info | Loan payment issues
How fast can you close?
FAST!!! We do not put restraints on how fast we can close. In order to settle we must, at a minimum, inspect the property, meet the borrower and get title insurance. Our return customers close much faster than first time borrowers. We may request additional information depending on the complexity of the transaction or our familiarity with the borrower.
Are entities OK?
Yes, we lend to corporations, LLC’s, partnerships, and individuals. That said, personal guarantees are required on all loans.
What lien position is required?
1st position is required on all acquired real estate. Secondary positions, depending on 1st mortgage balance, are possible when property is serving as additional collateral or being refinanced.
