How to search for good hard money lenders
A hard money loan can be best described as a form of short-term financing that is typically offered by a private investor or company. This loan is secured by real estate. The hard money lenders do not focus on your credit score and income but on your equity in the property being used as a collateral and potential return on investment.
A hard money loan can be best described as a form of short-term financing that is typically offered by a private investor or company. This loan is secured by real estate. The hard money lenders do not focus on your credit score and income but on your equity in the property being used as a collateral and potential return on investment.
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• Attending local real estate
investor club meetings is a good
way to find the right lenders
near you. You will most likely
meet a number of hard money
lenders who are looking to
network with prospective
borrowers. Meeting them,
talking to them and
understanding what you both
seek is a good way to build a
mutually satisfying relationship
and get access to capital when
you need it.
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