Sentences with phrase «documentation than a bank loan»
A private money or hard money loan has much lighter documentation than a bank loan.
https://privatemoneyutah.com/ Not exact matches
Although the documentation requirements of a hard money lender may be LESS than a bank lender for a loan approval, it does not mean they are non existent.
Because it is riskier for the bank to lend money to someone with an unverified income, expect your mortgage interest rate to be higher with either of these types of loans than with a full - documentation loan.