Sentences with phrase «hard money lender means»

From REOS to trustee sale refinances, working with trusted San Diego hard money lenders means getting on track to success sooner.

Not exact matches

Hard money lenders offer their funding through private means, unlike traditional institutions including banks.

This means that borrowers will need to look to banks and credit unions, and if they can not qualify at these institutions, they'll need to check out specialty commercial mortgage providers or hard money lenders.

Your loan comes straight from private money, which means it's in your hands much faster — especially if you use a local hard money lender in Duluth.

This means that a hard money lender can loan you up to 70 % of what the home is worth in repaired condition.

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.

As you've read, when you have bad credit, it's harder to obtain favorable conditions from lenders, landlords, credit card companies and others, which means it becomes harder to pay back the money you already owe.

As a Borrower, this can be a good thing, since it means Private Hard Money Lenders have to compete with commercial bank mortgages, giving you access to better terms & rates.

However, this doesn't mean that everyone who claims to be a hard money lender actually is one.

That means a private lender, or «hard money» lender might tend to gravitate or specialize in a particular type of property due to the familiarity with both the property and the process.

The hard money lender frequently means up to 65 % of «quick sale value».