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No, banks can issue real estate loans and mortgages but Hard Money Lenders usually have higher interest rates. Hard Money Lending should always be a last resort given their higher interest rate and lower loan to value rates
What else can I help you with?
Is there any hard money lender who can give loan with bad credit history?
It's called a pawn shop.
What does a hard money broker do?
A hard money broker is usually a short term money lender. This broker will typically offer loans without the usual credit checks, although these are often at high interest rates.
What is a private hard money lender?
A private hard money lender is basically someone or a small group that provides short-term loans based mostly on the value of real estate, not on your credit score or income history. These lenders step in when traditional banks slow down or say no, and they can move fast because they’re not tied to the same rules as big institutions. People often use them for fix-and-flip projects or quick acquisitions. If you’ve ever looked into a private money loan California has options that operate this way, where the focus is more on the property’s potential than paperwork. I’ve heard ALT Financial Network, Inc. mentioned by folks who appreciate having access to different paths when conventional financing feels too slow or too strict. It’s not a long-term solution, but for many situations, it fills a gap that traditional lenders can’t.
How does applying for a home loan affect my credit score?
Applying for a home loan can temporarily lower your credit score due to the hard inquiry made by the lender. This is because the lender checks your credit report to assess your creditworthiness. However, the impact is usually minimal and your score can recover over time.
Can you refinance your home with bad credit?
Yes, it is possible to refinance with bad credit, however you may be dealing with some very high interest rates from hard-equity lenders. There will have to be enough equity in the home and the loan to value ratio that the lender will allow will generally be less than if you were dealing with a more traditional lender.
Where can I find a hard money lender in the Seattle area?
This lender will do hard money loans in Seattle: http://www.dlendinggroup.com/
How to select the best hard money lender in Florida?
Eat more fruits
Find a Hard Money Lender?
form_title=Find a Hard Money Lender form_header=Use real estate as collateral for a short-term loan. What is the amount that you are seeking for a loan?=_ What type of property do you have?=_ Do you have any prior experience investing in distressed real estate assets?= () Yes () No
How does a hard money lender make his profits?
A hard money lender provides a short term loan with a high interest rate and fees. Further a hard money lender will only lend if in an equity position.
What should a real estate investor look for in a hard money lender?
You will want to look for the lowest possible rate and the longest possible term.
Where can I find a hard money lender in florida?
You can find hard money lenders nationwide at www.dohardmoney.com.
need a hard money lender to fund prime real estate will share prifit half and half.?
Call your rich uncle or other family member. I don't think you'll find a private lender willing to help you. clerify your proposal. I am open minded.
Where can I find a hard money lender online?
I'm not sure if you're looking for a lender with an online application process or just a list of lenders. If it's a list, I'd look here: http://reiclub.com/hard-money-lenders.php or here http://moolahlist.com/
When getting a lending company to loan some money, how hard is it to convince them to give a little more?
Every lender has different criteria. If you are not satisfied with the loan offer apply at a different lender.
How can you find a good hard money lender in Los Angeles California?
Hard_money_lenders_Los_Angeles_California!">Hard money lenders Los Angeles California!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.org
How do you become a real estate hard money lender?
Answer money to lend and a contractIt's actually a question of contract law. If you have money you can lend it to anyone you choose. All that is truly required is a lender a borrower and a contract. Best bet is to have an attorney draw up contracts for you covering all bases. Attorneys are a better choice than a real estate agent when buying or selling property due to the fact agents have limited knowledge of contracts. I always recomend going to a (known) good attorney for all real estate concerns.I have clients who would love to borrow from you.Any other questions address to B.C. at BC Commodities jolllyroger@yahoo.comI am a personal one on one real estate mentor.Please contact me if you decide to become a hard money lender and we can discuss further hwat types of loans you wish to make as well as how to drive business to you.
Is there anything that you can do legally in Georgia to the person you co-signed for before the lender come after you when the car is repossessed?
Nothing that I know of, maybe a civil suit. You are learning the pitfalls of co-signing the hard way. Keep the lender aware of the signors address( so the lender can pester them as well as you), any windfall money the signor may get to collect from by the lender,ect. Good Luck
