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How can you find a good hard money lender in Los Angeles California?
Wiki User
∙ 12y ago
Finding a direct hard money lender in Los Angeles California is not easy these days. Most of the hard money sources you will find out there are mortgage brokers and other real estate professionals that will charge you higher interest rates and higher points in order to connect you with investors they know.
If you are at the point you need hard money loan in Los Angeles CA, then search for a direct hard money lender and make sure it is not a broker.
The way you will recognize a direct hard money lender is by asking questions like:
1. How much points you charge?
2. What is your interest rates?
3. Are you a direct hard money lender?
4. How long it will take you to fund my deal?
5. You draw your own loan docs?
By asking question you will know instantly if the person on the phone is a direct source or just a middle person that is trying to earn some money.
Hard money lenders in Los Angeles California can help you with properties in Los Angeles county, Ventura county, Orange county, Riverside County, San Bernardino county, South Bay county, etc.
Some hard money lenders from California will help you with properties in northern California, but they will probably look for specific type of real estate(probably more commercial with income).
If you need lower Interest rates, Lower point and fees from a direct hard money Lender in Los Angeles California then you should contact us and we will help you, even if you have bad credit and low income.
www.hardmoneyloans.orgWiki User
∙ 12y ago
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