Credit Score | Paces Funding

21 04, 2017

Your Credit and a Hard Money Loan

By YSNM Support|2017-04-21T10:00:01-04:00April 21st, 2017|Categories: Construction Loans, Credit Score, Hard Money, Home Improvements, Rehab Loans|0 Comments

Sure, credit matters. But there are many good people who have terrible credit scores (and vice-versa). What that means is that those good people are often ignored by lenders, and in many cases, the reasons behind their poor credit are far beyond their control. So what happens if someone with bad credit wants to get a rehab loan? Bad Credit and Rehab Loans in Atlanta When someone with bad credit attempts to get a rehab loan through a traditional lender, the lender may not even look at his or her circumstances. In those cases, turning to an Atlanta hard money

18 12, 2015

Does Credit Matter With a Hard Money Loan?

By YSNM Support|2015-12-18T10:00:20-05:00December 18th, 2015|Categories: Credit Score, Hard Money|0 Comments

Many people wonder whether they can get a hard money loan with less-than-perfect credit. While credit scores are a major factor in loans from traditional banks, they’re not nearly as important with hard money loans. Does Credit Matter With a Hard Money Loan? Hard money lenders follow different criteria when they underwrite loans. Naturally, credit scores do matter – but only to a certain extent. In most cases, the after-repaired value of a property is more important, as is your willingness to invest your own money into a project and your history with real estate investing. Good credit can certainly

26 08, 2015

How Does Your Credit Score Affect Your Ability to Get a Loan?

By YSNM Support|2015-08-26T10:00:16-04:00August 26th, 2015|Categories: Credit Score, Hard Money, Loan|0 Comments

You already know that your credit score is important. It’s what lenders use to determine whether you’re trustworthy enough for them to take a financial gamble on you – and it’s what could make or break your next real estate investment. Sure, your credit score is a general indicator of your fiscal health. But it’s not the only thing that matters… unless you’re dealing with a big bank or major lender. Does Credit Matter with a Hard Money Loan? Credit does matter with a hard money loan, but not to the extent you might expect. We don’t have a minimum

16 07, 2013

Introducing Paces Funding

By Dean Tilman|2013-07-16T16:58:27-04:00July 16th, 2013|Categories: Cash Out, Commercial, Credit Score, Equity Lending, Hard Money, Loan, New Construction, New Home Development, New Homes, Videos|0 Comments

Paces Funding is Atlanta’s largest hard money lender. We are leading the way with innovative financing solutions for real estate investors. Our staff has processed over 1,000 loans over the past decade and is excited about the new opportunities we will be providing our clients. Over the next six months, Paces Funding will be introducing new real estate financing and investment opportunities. Contact us today to get pre-approved for a hard money loan.