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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• You can also ask your friends, family or
people you have been working with if they
know any hard money lenders. Word of
mouth recommendation works best and it
can help you come across the right person
without wasting much time or effort.
• You can also check with attorneys, mortgage brokers,
and other real estate professionals who have
experience of working with investors and they may
suggest some names you could check out. They have
extensive real estate networks and can connect you
with experienced and reputable money lenders.
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