This type of quick cash loan remains more customer
focused than traditional loans, through customer feedback and demand.
Not exact matches
The major distinction between banks and nonbanks is that nonbanks
focus on
loans, rather
than taking deposit accounts like checking and savings and aren't as tightly regulated as
traditional banks.
They tend to
focus on high credit scores rather
than other factors that
traditional lenders ask for and they can help you with Personal
loans, Student
loans, and Mortgages.
The fact that they use
traditional criteria rather
than focusing on the marks or earning potential of their borrowers like some other start - ups, means that those who don't have amazing marks can still access funds from Raise
Loans.
One of the main reasons that private capital lenders are able to do this is that their underwriting process
focuses on the value of property itself and their
loan - to - value (LTV) rates are lower
than those of
traditional lenders (typically 50 to 65 percent, depending on whether or not the property is developed).
Our team at Glassridge is mostly
focused on collateral (and less concerned with your financial position), therefore Hard Money
Loans can be closed more quickly than traditional l
Loans can be closed more quickly
than traditional loansloans.