Our process is centered on three key factors: property location and value, borrower credibility, and mortgage size. Here’s how we make lending decisions efficiently and effectively.
1. Property Location & Value
The first step in our underwriting process is evaluating the property. We focus on lending in areas with populations greater than 100,000, ensuring a strong real estate market and liquidity. Our senior officers review:
- Recent Comparable Sales – We analyze the most recent property sales to assess fair market value.
- Condition of the Home – A well-maintained property often reflects a responsible borrower.
- Liquidity – We determine how quickly the property can be sold if needed.
Based on available equity, our team will structure an appropriate loan offer that aligns with risk mitigation and borrower needs.
2. Borrower Credibility
While our primary focus is on equity, we also assess the borrower's financial profile to ensure responsible lending. We evaluate:
- Credit Score & History – To understand past repayment behavior.
- Income Stability – Ensuring the borrower has the means to service the mortgage.
- Integrity & Financial Responsibility – Our goal is to support borrowers who use short-term private lending as a stepping stone to better financial solutions.
Lendworth is not in the business of owning properties; our mission is to provide borrowers with a short-term solution to improve credit, secure better rates, or obtain quick funding when required.
3. Mortgage Size & Structure
We specialize in residential mortgages, with a preference for owner-occupied homes. Our lending parameters include:
- Loan amounts up to $1 million
- First and second mortgages
- Flexible terms to suit borrower needs
At Lendworth, we combine speed, expertise, and flexibility to provide lending solutions tailored to real-life financial situations. If you require funding, contact us today to discuss how we can help.