Noah Avaliações 181

We just went through the application process with Noah, and we are delighted how effortless the whole thing was. After seeing the painful drops in the market and feeling anxious, we realized we needed some way to shore up our finances with extra reserves. Noah’s equity sharing product is an ideal way for us to accomplish that. To us, no monthly payment for 10 years is the most attractive feature. Submitting our documents was a breeze. Our contact Jaime was extremely helpful and yet remained totally unintrusive the entire time. We have gone through several rounds of mortgage application before. Each time it was a draining experience. We can still vividly recall the anxiety of explaining certain deposits we had made several months ago to the lender for one of our mortgage applications. We felt somehow, we had to justify why we deserved the loan, even though we were giving our business to them. This time, the part that took the most of our time and effort was actually signing all the documents, which lasted about an hour. In today’s challenging time, we are really glad that we have found a partner in Noah to ease our minds.

Great service. Thanks to all who helped.

We could not say enough positive words to describe the outstanding service we received from Noah. Very professional, knowledgeable and kind team. Excellent communication during the entire process. Very understanding and caring of our particular situation and worked diligently to satisfy our needs. Thanks particularly to Amy for making it this a great experience!

Run, don’t walk away from this option and this lender. Nothing but lies and outright theft. They know they have you over a barrel and they take complete advantage of this. They will screw you as hard as they can and if you accept their terms they will adjust to screw you a little harder. They present as a team but there are very few people working there and I still can’t tell if they are really good at playing stupid or they are all really that stupid. One would think they have never closed a loan before and have no idea what any mortgage terminology is. There is no upside to partnering with them and there is definitely other places to get hard money loans. There is zero good that can be said about my experience with this company.

Everyone was completely friendly, helpful, and very pleased with service will differently reccomend them.

For the most part things were done timely and everyone was helpful.

Don

Experience was smooth, transparent and great

Sundeep was very attentive and professional.

Glad to be secure at home because of Patch Homes.

I had a large unpaid property tax bill that needed to get paid ASAP. Unfortunately, my credit wasn’t great and my tax returns showed low self-employment income. I found myself in that catch-22 situation where I had plenty of equity in my house, but no way to tap into it. I didn’t fit the criteria of traditional bank loans. And private lenders were offering risky balloon loans with high-interest rates.

I had heard of the type of equity financing that Patch does through ads from one of their major competitors. I wasted a lot of time providing paperwork before finding out that I didn’t fit their “profile” of someone with excellent credit, low debt, and high income. In other words, someone who didn’t really “need” the money.

Fortunately, a local loan broker had heard about Patch and referred me to them. At the time, they were just getting started, and we had a couple of false starts as they worked to secure their source of funding. But when that came together, we proceeded to put together a deal that was tailored to my needs and things moved forward quickly.

I was upfront with them about my less than perfect situation, and to their credit, they worked with me to come up with a solution. The level of personal service was outstanding. Which is exactly what you need if you are a non-traditional borrower looking for non-traditional financing.

In the end, the deal got done, and I got enough money to pay my tax bill, reduce my credit card debt, and even some cash to help get started in a new freelancing business. There are no monthly payments, and the money doesn’t need to be repaid until I sell or refinance within 10 years.

Of course, in return for that, Patch gets a share of the future appreciation of my home. If the past is any guide, they will make a nice chunk of money. Which is fine with me. They earned it by helping me out of a tight spot.

Final thoughts: Doing this type of financing may turn out to be expensive, or not, depending on your risk profile and what happens to the value of your home. It is somewhat of a gamble. But the real value of Patch is their ability to work with borrowers with strong equity who may be challenged with income or credit, and customize a solution to fit your needs. Finally, there is a way for the rest of us to access the equity in our homes!

Patch Homes saved me from an extremely crucial time and I really have no words to explain what they did for me. I was offered/approved for the same "relief" from their competitor but their competitor did not care about anything except numbers. Their competitor disregarded the fact that they approved me and wasted a lot of my time (time was of the essence for my situation) and just came back with "Sorry, the underwriter does not feel comfortable with the figures provided". Meanwhile, Patch Homes did everything in their power to make things work and offered help from A-Z to ensure I was able to get approved and for an amount higher than what I thought I could get. I had the pleasure of speaking with one of the CEO's (Sahil) and Franco, my direct point of contact - they were both extremely helpful and patient. I truly went into this with a cup half empty because of my experience with their competitor and came out of it as content as anyone could possibly be. Thank you Patch Homes for literally rescuing me at a tough time.

Patch is great, the transaction was smooth and the patch team was very responsive. Since I have used Patch I now recommend them to all of my clients.

Extremely helpful staff. I did have to follow up with them, but they always responded quickly and addressed my concern. I would recommend this Patch Homes.

What i liked best is staff was very responsive
we had many questions.
whenever we called they returned our call the same day..
in addition staff strove to give the most up to date accurate information.
we are very pleased

totally professional... prompt replies... always courteous... main contact was Jaime Rivera who was perfect... give him a raise

This relatively new financing option can work well, for individuals who can take out a reverse mortgage, but for various reasons, choose not to. In my case I took a $100k option, paid off all my loans, painted inside, and out, put in a new kitchen and remodeled a bath, and still had funds left over.
I used the remainder for improving the stock in my business, and I can pay off this equity share, at 10 years, or less, plus equity gain/loss.
I think the real benefit of this type of asset share is you maintain control of your house, have money to maintain it, and have options at the end.

The people at Patch were superlative. They knew the value of our home and community and invested in our home to allow us to make improvements and stay in our San Diego neighborhood.

Everybody I have come into contact at Patch Homes has been very helpful & addressed my needs & concerns. I would refer my friends & family to them.

Relatively easy process. Sundeep was excellent explaining program