Loan

Mar 6 2018

How to Get a Hard Money Loan Approval: 12 Steps (with Pictures), hard money loans.#Hard #money #loans


How to Get a Hard Money Loan Approval

Hard money loans are generally lent to borrowers to finance real estate investment opportunities or other collateral backed loans; they are funded by private investors as opposed to banks. A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan from a bank. They are generally used as “bridge” loans between construction financing and long term loans; hard money loans are often used for construction because longterm lenders may want finished and leased projects. Be aware that hard money lenders are not regulated by the Federal Reserve or the Office of Thrift Supervision. Therefore, the application process can be very different from a traditional loan from a bank.

Steps Edit

Part One of Three:

Finding a Reliable Hard Lender Edit

Hard money loans

Hard money loans

Hard money loans

Part Two of Three:

Applying for a Hard Money Loan Edit

Hard money loans

Hard money loans

Hard money loans

Hard money loans

Hard money loans

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