How Do Hard Money Lenders Work?

By |2017-06-23T19:23:01-04:00June 23rd, 2017|Categories: Hard Money Loans|Tags: , |0 Comments

Hard money lenders take a different route when lending than traditional lenders do - and that can be very beneficial to real estate investors. How Do Hard Money Lenders Work? Hard money lenders typically lend based on collateral, so they're less inclined to worry about the lender’s ability to repay the loan than a conventional lender would be. The value of the collateral often outweighs the borrower’s financial position. Conventional lenders show extreme interest in credit scores and income, whereas those things aren't as important when you're taking out a hard money loan (they're still important, but they're not always