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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.
What else can I help you with?
Is the Hard Money lender the same as a Real Estate Lender?
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 is a private loan lender?
A private loan lender is a lender that is acting on behalf of a privately owned organization or business, as opposed to a government regulated or non profit lender.
Can you consolidate Private student loans into federal student loans?
no. you will have to consolidate separately. with a federal lender then a private lender.
What do you call a person who loans money?
A person who loans money is commonly referred to as a "lender." This term can apply to individuals, banks, or financial institutions that provide loans to borrowers with the expectation of repayment, often with interest. In a more specific context, a private individual who lends money might be called a "private lender" or "loan shark" if they charge excessively high interest rates.
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 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.
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 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.
Where can I find a hard money lender in florida?
You can find hard money lenders nationwide at www.dohardmoney.com.
How can one learn more about a lender's credit source?
One can learn more about a lender's credit source from websites such as Buzzle, Private Mortgage Lending and Private Money Lenders UK. One can also learn about it from Private Loan Lender website and Yahoo website.
How do money and hard money different?
hard money is a term use for private lending
Can a private mortgage lender get pmi?
Of course. Lenders can set the terms of lending their money out.
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.
How to select the best hard money lender in Florida?
Eat more fruits
Is the Hard Money lender the same as a Real Estate Lender?
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
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.
What is a private loan lender?
A private loan lender is a lender that is acting on behalf of a privately owned organization or business, as opposed to a government regulated or non profit lender.
