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2 10, 2022
  • The 3 Best Times to Use a Hard Money Loans

The 3 Best Times to Use a Hard Money Loans

By |2022-09-11T07:57:36-04:00October 2nd, 2022|Categories: Credit Score, Flipping, Hard Money Loans, Investment Properties|Tags: , , , |0 Comments

When it comes to financing a property purchase, there are a lot of options available. In many cases, a hard money loan is the best choice. This guide explores the three best times to use a hard money loan. What is a Hard Money Loan? A hard money loan is a type of short-term loan that is typically used by investors to purchase properties. Hard money loans are usually funded by private investors or groups of investors, as opposed to banks or other financial institutions. One of the main advantages of hard money loans is that they can be obtained

23 06, 2017

Does Your Credit Score Affect Approval for a Hard Money Loan?

By |2017-06-23T19:30:07-04:00June 23rd, 2017|Categories: Hard Money|Tags: , , , |0 Comments

Many investors use hard money lenders to help fund real estate investments they plan to sell right away. Hard money lenders offer a substantial advantage over traditional banks because of their ability to fund loans at a faster rate. The approval requirements are far less stringent, and in many cases, credit scores do not affect an investor's ability to qualify for a hard money loan. Value of the Subject Property Most hard money lenders require borrowers to use the subject property as collateral for loan approval. The value of the subject property is more important to lenders than the borrower's

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