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It might be safe depending on who you go to but not always. Hard money lenders tend to charge outrageous fees and interest rates, so if you can find one who is reliable it may be a good idea if you can't get a standard loan from a bank or another financial institution.
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∙ 12y ago
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How can you find an investor to loan you money for a house?
look for private money lenders or hard money lenders on the internet.
How are hard money lenders different from soft money lenders?
Hard money lenders are much different then soft money lenders. They typically ARE NOT commercial banks or deposit institutions, charging a lot more interest.
What distinguishes hard money lenders from other lenders?
Hard money lenders offer loans backed on property. They tend to be short term loans, but as they use the client's house as collateral they can cause the person to foreclose their property. Hard money lenders place a higher focus on the value of the collateral over the ability of the borrower to repay.
Where can you find information on hard money lenders and funding options?
There are a lot of places to look for information on hard money lenders and funding options. Some of the websites to look at companies like Moolahlist and Foreclosure University.
What is meant be commercial hard money loans?
Commercial hard money loan is a type of private funding for the people who need immediate finance to buy a property or close a land deal. Hard Money Commercial Loans is of great help for the people who are unable to meet the standard banking criteria, but has real estate and or assets that are sufficient to collateralize the loan to the investors/lenders.
How can you find an investor to loan you money for a house?
look for private money lenders or hard money lenders on the internet.
What are the benefits of a private hard money lender?
Private, hard money lenders can be a benefit in that they may be able to provide you a loan if you have credit so low that mainstream lenders won't take a risk on you.
How are hard money lenders different from soft money lenders?
Hard money lenders are much different then soft money lenders. They typically ARE NOT commercial banks or deposit institutions, charging a lot more interest.
Where can I find a hard money lender in florida?
You can find hard money lenders nationwide at www.dohardmoney.com.
What distinguishes hard money lenders from other lenders?
Hard money lenders offer loans backed on property. They tend to be short term loans, but as they use the client's house as collateral they can cause the person to foreclose their property. Hard money lenders place a higher focus on the value of the collateral over the ability of the borrower to repay.
Is there any hard money lenders in New York?
There are several hard money lenders in New York, some of which will fund the full purchase price of the item you are looking at.
Who are some hard money lenders in California?
Some hard money lenders in California are The Norris Group, Arixa Capital Advisors, Equity Coalition, City Capital Realty, The Hard Money Pros, Athas Capital and Vantex Mortgage.
Where can you find information on hard money lenders and funding options?
There are a lot of places to look for information on hard money lenders and funding options. Some of the websites to look at companies like Moolahlist and Foreclosure University.
How do money and hard money different?
hard money is a term use for private lending
Will it ruin your credit if you have to use a hard money lender?
Hard money lenders will not effect your credit rating in one way or another. They are not a financial institution like the banks so the Government does not back the lending so they can not effect your credit rating. The hard money lenders are for the higher risk catagories of leanders to enable them to secure a loan.
What is meant be commercial hard money loans?
Commercial hard money loan is a type of private funding for the people who need immediate finance to buy a property or close a land deal. Hard Money Commercial Loans is of great help for the people who are unable to meet the standard banking criteria, but has real estate and or assets that are sufficient to collateralize the loan to the investors/lenders.
How do you use hard money in a sentence?
The investor gave hard money to the farmers. Hard money is a type of loan given by private contractors.
