Skip to the main content.

Ted Spradlin

Ted is the managing broker for FCTD with 20+ years mortgage industry experience. His focus is bridge loans and long-term rental financing.

3 min read

Non-Qualified Mortgages 101

Following the biggest economic crisis of the 21st century, federal and state regulators tightened the laws around mortgage lending. In response to a crash that largely due to activities in subprime lending, the government introduced the Ability to...

Read More

1 min read

What Is the Ability to Repay Rule?

In the early and mid-2000s, mortgage lenders were handing out loans without the notion that they would ever be successfully paid in full. This, along...

Read More
Guide to Consumer Purpose Hard Money Second Mortgages

9 min read

Guide to Consumer Purpose Hard Money Second Mortgages

This guide to consumer purpose hard money second mortgages is designed to be informational. It may also be a bit of a letdown, since this isn't a...

Read More
five best examples of owner-occupied hard money second mortgages

3 min read

5 Best Examples of Owner-Occupied Hard Money Second Mortgages

If you’re a real estate investor or business owner seeking fast financing using your primary residence as collateral, this article covering the five...

Read More
Does FCTD Offer Hard Money Second Mortgages for Divorce Settlements?

1 min read

Does FCTD Offer Hard Money Second Mortgages for Divorce Settlements?

No, FCTD does not offer hard money second mortgages to satisfy divorce settlements. These are considered consumer purpose loans, for personal and...

Read More
Assuming a VA Loan & Need a Hard Money Second Mortgage For Down Payment and Closing Costs

3 min read

Assuming a VA Loan & Need a Hard Money Second Mortgage For Down Payment and Closing Costs

I had a loan scenario come in through the website in 2022 where a non-military veteran was assuming a Veterans Administration (VA) loan, and needed a...

Read More
Does FCTD Offer $20,000 Hard Money Second Mortgages?

1 min read

Does FCTD Offer $20,000 Hard Money Second Mortgages?

FCTD has a minimum loan amount of $150,000 and will not consider a $20,000 hard money second mortgage. Smaller loans are often more time consuming,...

Read More
Does FCTD Provide Hard Money Second Mortgages For Home Improvements?

1 min read

Does FCTD Provide Hard Money Second Mortgages For Home Improvements?

First Capital Trust Deeds (FCTD) doesn't provide hard money second mortgages for home improvements, if the property being used as collateral is a...

Read More
Hard money second mortgages for personal debt consolidation

2 min read

Do You Offer Hard Money Second Mortgages For Personal Debt Consolidation?

First Capital Trust Deeds (FCTD) does not offer hard money second mortgages for personal debt consolidation, even to bring up credit scores in order...

Read More
hard money second mortgage for Chapter 13 bankruptcy buyout

4 min read

Do You Provide Hard Money Second Mortgages for Chapter 13 Bankruptcy Buyouts?

The short answer is, “No, we do not offer hard money second mortgages for Chapter 13 bankruptcy buyouts.” The long answer is more detailed, which...

Read More