From Inquiry to Funding
Call us or fill out the online application. We'll discuss your property, equity position, and loan needs—no pressure, just a straightforward conversation.
~ 1 day
Provide your mortgage statement, tax bill, income docs, and ID. We underwrite based on equity strength—no appraisal required—using local comps and public records.
~ 1–3 days
We prepare the promissory note and deed of trust, walk you through every page, and close at your attorney's office, a title company, or ours—your choice.
~ 3–5 days
We wire funds or cut a paper check the same day. The money goes directly to you or your designated account—typically within 24 hours of signing.
~ 1 day to fund
Not all documents apply to every situation. We'll tell you exactly what we need during your initial conversation. Many applicants can provide everything digitally for speed.
From your initial call to cash in your account, most loans close in 7–10 business days. If you're ready and all documents are in order, we can sometimes move even faster. The limiting factors are usually the time it takes for the borrower to gather documents and schedule closing, not our underwriting or decision process.
No. We don't require a traditional appraisal. Our underwriters analyze your home's value using public records, recent comparable sales, and market data for San Diego County. If we need more clarity on a property's condition or value, we may request photos or a drive-by inspection, but a formal appraisal is not necessary. This saves you time and money.
We focus primarily on equity, not credit scores. If you have significant home equity, strong payment history on your first mortgage, and a reasonable explanation for past credit issues, we can often approve you. We believe in second chances for borrowers with strong collateral. Of course, we still underwrite your ability to pay, but equity is king in our decision-making process.
Yes. There is no prepayment penalty. If you want to pay off the loan early—whether after 6 months or 5 years—you can do so without any additional fees. This gives you flexibility if your financial situation improves or rates drop and you want to refinance.
No. We don't charge origination fees, application fees, or surprise closing costs. The rate and terms we quote are what you'll pay. Your loan documents will clearly itemize all costs. You'll know the exact monthly payment before you sign. This transparency is part of our commitment to straightforward lending.
We specialize in fast funding. With the right documentation and a clear application, we can typically close in 5–7 days, sometimes faster. Call us directly to discuss your timeline, and we'll do everything we can to accelerate the process. Our 7–10 day average is already industry-leading compared to traditional lenders, and we're often quicker if circumstances allow.
You work with a real person: Erik Egelko. He personally reviews your file and makes the lending decision. No committee. No algorithm deciding your fate. This means decisions are made with common sense and understanding of San Diego's real estate market, not by a black box. And it means you can have a direct conversation with the person making the call.
We prefer not to go there. But our loan documents spell out the terms clearly: if you miss a payment by 15 days, late fees apply. If you miss payments by 60+ days, we have the right to begin foreclosure proceedings on the 2nd trust deed. The best approach is to contact us immediately if you think a payment will be late. We may be able to work out a solution. Like everything else we do, communication is key.